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1428 Park Rd NW 5,862 SF 100% Leased Retail Building Washington, DC 20010 $1,970,000 ($336.06/SF) 6% Cap Rate



Investment Highlights
- High-demand, high street traffic, walkable urban location
- Longstanding thriving business
- Close to transit and other retail
Executive Summary
Two buildings. One play. Real income from day one. 1426 & 1428 Park Road NW are offered as one high-performing mixed-use asset, delivering nearly 6,000 square feet (5,862 SF) in the core of Columbia Heights. This is not a concept or a repositioning story. This is a fully operating asset with strong, in-place tenants and immediate cash flow. The main level is anchored by a neighborhood staple restaurant with over 25 years of history, generating $11,500/month and looking to remain in place, with a large basement level currently used for storage, adding valuable operational space. Upstairs, a hair salon brings in $2,800/month and would also like to stay. Two studio apartments round out the residential component, producing a combined $3,000/month. Total monthly income is $17,300, providing a stabilized base from day one with upside potential, supported by four separate electrical meters. Positioned along Park Road NW, the property benefits from strong visibility with approximately 10,000 cars passing daily. You’re just steps from the Columbia Heights Metro and surrounded by some of DC’s most active corridors. The GALA Hispanic Theatre is around the corner, with easy access to Mount Pleasant, U Street Corridor, Shaw, and Adams Morgan. Restaurants, retail, nightlife, and daily essentials are all within reach. For added convenience, the DC USA Shopping Center Garage next door offers public parking with rates around $2 per hour, making access easy for both tenants and customers. At $17,300/month and a $2M price point, this asset trades above prevailing market cap rates for comparable mixed-use assets in Columbia Heights. The asking price aligns with current tax assessed values, with a combined annual tax bill of approximately $27,101, offering a straightforward entry point for an investor looking for immediate income in a proven location.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$17,300
|
$5.90
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$17,300
|
$5.90
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $17,300 |
| Annual Per SF | $5.90 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $17,300 |
| Annual Per SF | $5.90 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
5,862 SF
Building Class
C
Year Built
1924
Price
$1,970,000
Price Per SF
$336.06
Cap Rate
6%
NOI
$118,200
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
4.36
Lot Size
0.03 AC
Zoning
MU-4 - Flexible zoning allowing a mix of residential and commercial uses, ideal for live/work or income producing programs.
Frontage
36’ on Park Road NW
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Los Hermanos
- Accommodation and Food Services
- -
- -
- -
- Organic Beauty Studios by Massi
- Services
- -
- -
- -
- Residential 1
- -
- -
- -
- -
- Residential 2
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Los Hermanos | Accommodation and Food Services | - | - | - | ||
| Organic Beauty Studios by Massi | Services | - | - | - | ||
| Residential 1 | - | - | - | - | ||
| Residential 2 | - | - | - | - |
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
90/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2674-0715 | Improvements Assessment | $389,990 |
| Land Assessment | $439,790 | Total Assessment | $829,780 |
Property Taxes
Parcel Number
2674-0715
Land Assessment
$439,790
Improvements Assessment
$389,990
Total Assessment
$829,780
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1428 Park Rd NW
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