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1245 Marion Barry Ave SE 2,521 SF 75% Leased Retail Building Washington, DC 20020 $745,000 ($295.52/SF)
Investment Highlights
- Corner lot mixed-use building at signalized intersection on Marion Barry Ave SE, steps from MLK Gateway & the highly anticipated 11th St Bridge Park
- Vacant 2nd-gen commercial kitchen offers lease-up upside & is well suited for an O/U looking to offset monthly mortgage payments using existing Income
- Located in an Opportunity Zone with significant tax advantages.
- Ace Cash Express just renewed their lease with a fresh 5-year Term starting April ‘26
- Both residential units leased well below market with ~$1,000 per unit rent upside post-renovation.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,521 SF
Building Class
C
Year Built/Renovated
1905/2010
Price
$745,000
Price Per SF
$295.52
Percent Leased
75%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.01
Lot Size
0.06 AC
Opportunity Zone
Yes
Zoning
MU-7B
Parking
4 Spaces (1.59 Spaces per 1,000 SF Leased)
Frontage
62’ on 13th St
Amenities
- 24 Hour Access
- Corner Lot
- Signage
- Signalized Intersection
- Air Conditioning
Very walkable
80/100
Exceptionally drivable
90/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5769-0830 | Improvements Assessment | $321,880 |
| Land Assessment | $148,060 | Total Assessment | $469,940 |
Property Taxes
Parcel Number
5769-0830
Land Assessment
$148,060
Improvements Assessment
$321,880
Total Assessment
$469,940
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1245 Marion Barry Ave SE
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