1343-1345 Good Hope Rd SE
Washington, DC 20020
Retail Property For Sale

The Feldman Group of Marcus & Millichap is pleased to present the exclusive offering of 1343-1345 Good Hope Road SE in the Anacostia neighborhood of Washington, D.C. The offering consists of a 3,324-square foot, single-story commercial building with two commercial spaces on a 6,240-square foot lot. The subject property is located two blocks away from the 11th Street Bridge, with I-295 highway access in the heart of downtown Anacostia. This unique opportunity appeals to an investor, owner-operator or a developer looking to acquire real estate in an up-and-coming neighborhood with value-add potential. A value-add investor could work towards maximizing the propertys investment potential through improved tenancy and increased rents. With the current lease in place at approximately half of market rent, an investor could terminate their lease with thirty days notice upon sale per the lease, and tenant both vacant retail units at market rent. An investor with an owner-operator profile could locate their business in one or both of the commercial spaces, and potentially mitigate mortgage expenses with the rental income from the other unit. Finally, a developer could purchase the site for its development potential. Located along the busy Good Hope Road SE corridor with a high volume of walking traffic, and buildable square footage by-right of over 18,720 square feet, this site is well suited for a mixed-use development project. With developments such as the 11th Street Bridge Park/Anacostia Crossing, the MLK Gateway project, and the Saint Elizabeths Campus in the pipeline, the opening of Busboys and Poets in 2018, and the ever-increasing presence of national credit tenants in the area, the Anacostia neighborhood is in the early stages of major revival and resurgence.