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701-709 Kennedy St NW
Washington, DC 20011

$1,650,000 USD

Storefront For Sale  •  5,627 SF

Property Details

  • Property Type Storefront
  • Total Building Size 5,627 SF
  • Year Built 1927
  • Tenancy Multiple
  • Zoning MU-4
59 Transit Score
77 Walk Score

Highlights

Strip of five leased retail bays located on Kennedy Street NW delivered 100% occupied with NNN leases
Four of the five bays have been renovated and all are occupied by local businesses with seasoned operators
The last unit was leased in 2024 by the operator of Brightwood Pizza to reach 100% occupancy and projected NOI of $135,000 for 2025
With the exception of unit 701, all tenants have been in place for five years or greater
Multi-tenant operation provides flexibility and limited occupancy risk compared to a single-tenant asset
Title is held fee-simple with common elements with apartment building governed by Reciprocal Easement Agreement (REA)

Property Flyers

Amenities

  • Corner Lot
  • Restaurant

Public Transportation

Commuter RailDriveWalkDistance
Silver Spring (Brunswick Line - Maryland Area Regional Commuter Trains (The MARC)) 8 min - 3.0 mi
Union Station (Brunswick Line - Maryland Area Regional Commuter Trains (The MARC), Camden Line - Maryland Area Regional Commuter Trains (The MARC), Penn Line - Maryland Area Regional Commuter Trains (The MARC)) 12 min - 5.0 mi
AirportDriveWalkDistance
Ronald Reagan Washington National 17 min - 10.5 mi
Baltimore-Washington International 35 min - 31.1 mi
Washington Dulles International 55 min - 34.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Ian Weisz 202-869-1743 Greysteel Holdings
Ian Weisz 202-869-1743 Greysteel Holdings