1239 Mount Olivet RdWashington, DC 20002

Property Details for 1239 Mount Olivet Rd

Year built

1961

Construction

BRICK

Lot size

0.16 AC

Property size (Sq ft)

928 SF

Zone code

MU-4

Property type

Retail properties

Property subtype

Turn key restaurants

APN

4052 0845

APU

40520845

Description

This 1,400 square foot free-standing restaurant building is available for lease in the vibrant Ivy City submarket. Boasting an unusually large parking lot with 20 spaces, this property sits on a 6,900 square foot lot and is zoned MU-4. Recently renovated, the building features a fully equipped commercial kitchen including a 10-foot hood, an extra-large walk-in cooler, a dedicated prep area, and ample indoor seating. The distinctive design and prominent signage opportunities make this an ideal location for a variety of concepts, from diners and barbecue joints to fast-casual restaurants, beer gardens, or delivery-focused operations. The building's location offers excellent visibility and accessibility, situated just blocks from the burgeoning Ivy City neighborhood, home to popular establishments like MOM's Organic Market and Atlas Brew Works. Its proximity to major roadways such as West Virginia Avenue and Bladensburg Road ensures easy access for customers and delivery services. Furthermore, its close proximity to the rapidly developing H Street corridor provides a strategic advantage for businesses seeking a high-traffic location. The monthly rent is $5,000 plus taxes.

• CAP approach

  CAP return

  Valuation

  6%

  $352,540

  6.5%

  $325,422

  7%

  $302,177

• Comparable approach

  Method

  Valuation

  Relative Method

  $390,563

  Geo Method

  $390,563

• Alternative Use

  Use

  Valuation

  Residential

  $274,505

  Hospitality

  $251,445

  Educational

  $209,200

  Medical

  $216,394

  Retail

  $325,422

Location Insight

City

Washington

County

District Of Columbia

State

DC

Latitude

38.9095

Longitude

-76.9838

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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