For Auction
Asset Snapshot
Investment Highlights
Offering Summary
Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, 2001-2003 Benning Road NE is an 11-unit mixed-use asset in Washington, D.C.'s Old City 1 neighborhood. Built in 1934 and renovated since 2019 with over $500,000 in capital improvements—including a new roof, electrical and plumbing systems, HVAC units, windows, and masonry restoration—the roughly 13,791-square-foot building combines ground-floor retail anchored by Benning Market/Dollar Plus on a long-term NNN lease with eight residential units delivered vacant at closing, allowing a buyer to establish market rents immediately without TOPA-related delays. An additional 600-square-foot retail suite and 3,400-square-foot lower-level flex space remain vacant, offering further lease-up upside. The asset sits along the rapidly developing Benning Road corridor, exposed to nearly 31,000 vehicles daily and less than one mile from the future RFK Stadium campus, where the Washington Commanders and the District are driving a $3.7 billion-plus, 180-acre redevelopment. Combined with Old City 1's position among the District's highest Housing Choice Voucher rent areas, the property offers a rare blend of in-place income, immediate upside, and proximity to one of Washington, D.C.'s largest coming investment waves.
Due Diligence
Location
Located at 2001-2003 Benning Road NE where Benning Road meets Maryland Avenue NE in Old City 1, the asset sees nearly 31,000 vehicles daily just blocks from the H Street NE corridor, Gallaudet University, and the Union Market District, and less than one mile from the future $3.7B RFK Stadium campus, Capitol Hill, and the Anacostia riverfront trail.
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Buyer pays a minimum platform fee of 5% or $25,000 at closing.
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
