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1924 Benning Rd NE 2,343 SF 100% Leased Office Building Washington, DC 20002 $950,000 ($405.46/SF)
Investment Highlights
- Recently renovated, perfect for owner-users to occupy the ground floor while benefiting from residential leasing income
- Current owner is open to a sale/leaseback of the office space, allowing investors to collect income from day 1 while repositioning residential units
- Highly Visible Location: Located just off the high-traffic 5-way intersection of H Street, Bladensburg Rd, Benning Rd, and Maryland Ave
- Two Residential Units Above: Generate rental revenue with the opportunity for future upgrades or lease enhancements
- Significant Future Development Potential: Favorable mixed-use zoning with substantial unused density for expansion or redevelopment
- Location Factors: The property benefits from strong foot traffic and proximity to Hechinger Mall and the DC Streetcar
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
2,343 SF
Building Class
B
Year Built
1925
Price
$950,000
Price Per SF
$405.46
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
781 SF
Building FAR
1.79
Lot Size
0.03 AC
Opportunity Zone
Yes
Zoning
MU-5A - Mixed use zoning.
Parking
2 Spaces (0.85 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Central Heating
- Air Conditioning
1 1
Exceptionally walkable
90/100
Very drivable
80/100
Strong public transit
80/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 4506-0809 | Improvements Assessment | $689,010 |
| Land Assessment | $72,920 | Total Assessment | $761,930 |
Property Taxes
Parcel Number
4506-0809
Land Assessment
$72,920
Improvements Assessment
$689,010
Total Assessment
$761,930
Contacts
-
Ian Weisz -
Benjamin Wilson -
Donivan Okolita -
Burke McLaughlin -
Greysteel Holdings
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1924 Benning Rd NE
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