1818-1820 Benning Rd NE
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1818-1820 Benning Rd NE
3,215 SF 100% Leased Retail Building Washington, DC 20002 £2,385,876 (£742/SF)
INVESTMENT HIGHLIGHTS
- Current Income Stream
- High Visibility
- Income Generation During Development
- Immediate Rental Potential
- Mixed-Use Development Opportunity:
- Prime Location
EXECUTIVE SUMMARY
Prime Investment and Development Opportunity in Washington, DC
Address: 1818-1820 Benning Rd NE, Washington, DC 20002
Lot Size: 0.09 Acres
Building Size: 3,215 Sq. Ft.
Year Built: 1947
Unlock the potential of this exceptional property located in the vibrant and rapidly developing Street, situated within an Opportunity Zone. This unique investment offers both immediate income and significant future development possibilities, making it a standout opportunity for savvy investors.
Property Overview:
• 1818 Benning Rd NE: Currently leased to a Liquor store occupying approximately 1,955 sq. ft. This tenant provides a stable income stream with an existing lease in place until November 30, 2026, generating an annual rent of $45,799.
• 1820 Benning Rd NE: Vacant and ready for immediate rental or owner-occupancy, with the potential to earn an additional $45,000 in annual rent. Alternatively, the space could be utilized for personal business operations, making this an ideal candidate for SBA financing.
Development Potential:
• The property offers a rare chance to develop a multifamily mixed-use project, with the potential for 20+ residential units combined with retail space on the ground floor.
• Generate income while working through the permit process, with an opportunity to maximize returns in one of DC's most desirable areas.
Location Highlights:
• Proximity to H Street Corridor: Just couple blocks away from the dynamic H Street corridor, known for its vibrant atmosphere, popular conveniences like Whole Foods, and easy access to Union Station via the H Street streetcar.
• Excellent Connectivity: One block from multiple Metrobus and DC Streetcar stops, with convenient access to major routes like 295 & Route 50.
• Nearby Development: Surrounded by nearly 4,000 multifamily units and over 103,600 square feet of retail space, either proposed or under construction within a 1-mile radius.
• Strong Demographics: Within a 2-mile radius, there are over 167,900 residents with an average household income exceeding $133,200 annually, and total consumer spending above $2.6 billion.
• Retail and Cultural Amenities: Close to prominent retailers such as Aldi, Chick-fil-A, CVS, Safeway, and Starbucks, as well as cultural venues like the National Arboretum and Atlas Performing Arts Center.
Investment Advantages:
• SBA Financing Potential: The vacant unit offers an opportunity for owner-occupancy, making the property eligible for SBA financing.
• Opportunity Zone Benefits: Situated within an Opportunity Zone, providing potential tax benefits—consult your CPA for details.
• High Visibility: Located on a highly trafficked corridor with nearly 40,000 vehicles passing by daily.
Seize this rare opportunity to invest in one of DC’s hottest markets. Whether you're looking to develop a multifamily project or capitalize on existing rental income, this property offers endless possibilities.
Address: 1818-1820 Benning Rd NE, Washington, DC 20002
Lot Size: 0.09 Acres
Building Size: 3,215 Sq. Ft.
Year Built: 1947
Unlock the potential of this exceptional property located in the vibrant and rapidly developing Street, situated within an Opportunity Zone. This unique investment offers both immediate income and significant future development possibilities, making it a standout opportunity for savvy investors.
Property Overview:
• 1818 Benning Rd NE: Currently leased to a Liquor store occupying approximately 1,955 sq. ft. This tenant provides a stable income stream with an existing lease in place until November 30, 2026, generating an annual rent of $45,799.
• 1820 Benning Rd NE: Vacant and ready for immediate rental or owner-occupancy, with the potential to earn an additional $45,000 in annual rent. Alternatively, the space could be utilized for personal business operations, making this an ideal candidate for SBA financing.
Development Potential:
• The property offers a rare chance to develop a multifamily mixed-use project, with the potential for 20+ residential units combined with retail space on the ground floor.
• Generate income while working through the permit process, with an opportunity to maximize returns in one of DC's most desirable areas.
Location Highlights:
• Proximity to H Street Corridor: Just couple blocks away from the dynamic H Street corridor, known for its vibrant atmosphere, popular conveniences like Whole Foods, and easy access to Union Station via the H Street streetcar.
• Excellent Connectivity: One block from multiple Metrobus and DC Streetcar stops, with convenient access to major routes like 295 & Route 50.
• Nearby Development: Surrounded by nearly 4,000 multifamily units and over 103,600 square feet of retail space, either proposed or under construction within a 1-mile radius.
• Strong Demographics: Within a 2-mile radius, there are over 167,900 residents with an average household income exceeding $133,200 annually, and total consumer spending above $2.6 billion.
• Retail and Cultural Amenities: Close to prominent retailers such as Aldi, Chick-fil-A, CVS, Safeway, and Starbucks, as well as cultural venues like the National Arboretum and Atlas Performing Arts Center.
Investment Advantages:
• SBA Financing Potential: The vacant unit offers an opportunity for owner-occupancy, making the property eligible for SBA financing.
• Opportunity Zone Benefits: Situated within an Opportunity Zone, providing potential tax benefits—consult your CPA for details.
• High Visibility: Located on a highly trafficked corridor with nearly 40,000 vehicles passing by daily.
Seize this rare opportunity to invest in one of DC’s hottest markets. Whether you're looking to develop a multifamily project or capitalize on existing rental income, this property offers endless possibilities.
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
£72,847
|
£22.66
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | £72,847 |
| Annual Per SF | £22.66 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Storefront
Building Size
3,215 SF
Building Class
C
Year Built
1947
Price
£2,385,876
Price Per SF
£742
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.82
Lot Size
0.09 AC
Opportunity Zone
Yes
Zoning
MU-4 - moderate-density mixed-use development at a limited height and with an emphasis on housing
Parking
10 Spaces (3.11 Spaces per 1,000 SF Leased)
Frontage
41 ft on Benning Rd
AMENITIES
- Signage
- Air Conditioning
Walk Score®
Walker's Paradise (90)
Bike Score®
Biker's Paradise (90)
NEARBY MAJOR RETAILERS
![[Solidcore]](https://images.loopnet.co.uk/i2/X1DfwMFhQUJtrEvdN0O4PHppb1UchnIXcAPoILYKKzI/105/image.jpg "[Solidcore]")
PROPERTY TAXES
| Parcel Number | 4507-0935 | Improvements Assessment | £327,199 |
| Land Assessment | £872,244 | Total Assessment | £1,199,443 |
PROPERTY TAXES
Parcel Number
4507-0935
Land Assessment
£872,244
Improvements Assessment
£327,199
Total Assessment
£1,199,443
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1818-1820 Benning Rd NE
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