Mixed-Use Building | Hard Corner | Near RFK Development

Investment Highlights

• Hard-Corner Site on Benning Road Corridor: Exceptional exposure to nearly 31,000 vehicles daily at this highly visible hard corner.
• Less Than 1 Mile From $3.8B RFK Redevelopment: The Washington Commanders' new stadium anchors a $3.7-$3.8B campus redevelopment nearby.
• NNN-Leased Anchor Through 2031 Plus Options: Benning Market/Dollar Plus pays $71,441 in Year 5 rent, with two 5-year renewal options.
• Eight Units Delivered Vacant, No TOPA Delay: All eight apartments convey fully vacant, letting the buyer set market rents immediately.
• Old City 1's Premium HCVP Rent Submarket: The Old City 1 submarket commands some of D.C.'s highest Housing Choice Voucher rents.
• Over $500K in Recent Capital Improvements: Since 2019, ownership has added a new roof, new electrical, plumbing, HVAC, and windows.

 

Offering Summary

Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, 2001-2003 Benning Road NE is a 13,791-square-foot mixed-use asset on a hard corner in Washington, D.C.'s Old City 1 submarket, one of D.C.'s top Housing Choice Voucher rent areas. The building pairs eight residential units, delivered fully vacant at closing, with three ground- and lower-level commercial suites. Benning Market/Dollar Plus anchors the retail on a long-term NNN lease with two five-year renewal options, while a 600-square-foot retail suite and a 3,400-square-foot lower-level flex space remain vacant and ready for lease-up. Since 2019, ownership has invested more than $500,000 in capital improvements, including a new roof, electrical, plumbing, HVAC units, and windows. The vacant apartments let a buyer set market-rate rents immediately, without TOPA-related delays. Positioned on the rapidly developing Benning Road corridor with exposure to nearly 31,000 vehicles daily, the property sits less than one mile from the future RFK Stadium campus, where the Commanders and the District are driving a $3.7 to $3.8 billion redevelopment, pairing in-place income with outsized upside ahead of one of the District's largest growth stories.

Location

2001-2003 Benning Road NE anchors a highly visible hard corner on the Benning Road corridor, a key east-west artery through Northeast D.C. Gallaudet University and the Union Market District sit under a mile west, while the future RFK Stadium campus is less than one mile away. Neighborhood retail here reports low vacancy and strong tenant retention.

Statistics

$3.8B : RFK Stadium redevelopment investment

<1 mi : Distance to future RFK Stadium campus

31,000+ : Daily vehicle traffic on Benning Road NE