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$1,199,000

Est. payment - /mo

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2,285 Sqft Lot

Pending

2400-2406 MINNESOTA AVE SE Washington, DC 20020

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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Pending

Purchase Type For Sale

Subdivision Anacostia

MLS Listing ID DCDC2197754

Year Built 1900

Annual Tax Amount $2,279

Tax Year 2002

Lot Size 2,285 Sqft

Acres 0.05

Property Sub-Type Mixed Use

Source BRIGHT

Property Description

Current/Projected Rent Roll:
Upstairs apartments: $3,000 / month = $36,000 / year
Ground floor retail (leased convenience store): $2,650 / month = $31,800 / year
Vacant first-floor restaurant (market potential): $3,400–$3,700 / month = $40,800–$44,400 / year
Total Potential Gross Income (PGI):
Low case: $108,600 / year
High case: $112,200 / year
Expenses:
Taxes: Currently only $2,279 (but that's from a 2002 assessment, so expect much higher once reassessed; let's conservatively assume $10,000 after sale).
Other OPEX (insurance, maintenance, utilities common areas, etc.): $15,000–$20,000 annually (industry standard 15–20% of gross for mixed-use of this size).
Net Operating Income (NOI):
Low case NOI ≈ $78,600 – $83,600
High case NOI ≈ $82,200 – $87,200
Purchase Price: $1,199,000
Cap Rate:
Low NOI / Price = 6.6%
High NOI / Price = 7.3%
So marketed cap rate range = 6.5% – 7.25%, which is strong for DC mixed-use in Anacostia.

For Sale – 2400-2406 Minnesota Avenue SE, Washington, DC 20020
Offered at: $1,199,000

Prime opportunity in the heart of Anacostia! This mixed-use property features a versatile and income-producing layout, ideal for investors, developers, or owner-operators.

The property includes two ground-floor retail spaces:

Unit 1: A convenience store tenant currently leased at $2,625 per month, providing stable income from day one and 33% of property Tax
Unit 2: A vacant carryout restaurant equipped with a full commercial kitchen, hood system, fryer, and additional infrastructure in place—perfect for immediate restaurant or ghost kitchen operations.
Upstairs, the property offers flexible residential or commercial use with:

Three kitchens
Six rooms, ideal for multi-family conversion, short-term rental, or workforce housing.
Key Highlights:

Delivered vacant if desired—unlock maximum repositioning potential.
Highly visible corner location along a major commuter route.
Walking distance to bus stops, neighborhood amenities, and minutes from Downtown Anacostia, Barry Farm redevelopment, and the future 11th Street Bridge Park.
Perfect for investors seeking cash flow or entrepreneurs looking for a live/work or retail/hospitality operation.
Zoning and layout offer a variety of repositioning strategies—restaurant, convenience, residential rental, short-term rental, office suites, or co-living.

Location

State DC

County Washington

Zoning MU-4

Interior

Hot Water Natural Gas

Heating None

Cooling Central A/C

Heat Source Natural Gas

Exterior

Water Access N

Accessibility None

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District District Of Columbia Public Schools

Others

Tax ID 5560//0818

Ownership Fee Simple

Security Features Electric Alarm,Security Gate

Special Listing Condition Standard

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2400-2406 MINNESOTA AVE SE Washington, DC 20020

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2400-2406 MINNESOTA AVE SE