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Highest and best offer by 9.30.24 to secure this once-in-a-lifetime investment opportunity! Don't miss out on the chance of a lifetime! We are thrilled to present to you a one-of-a-kind investment opportunity with 500 Irving Street NW. This prime real estate gem boasts 2388 sq. ft. of space, located just a stone's throw away from the best dining, nightlife, and shopping that DC has to offer. To add to its appeal, the Columbia Heights and Petworth metro stations are also within walking distance. This mixed-use property is spread across three levels, each tastefully modernized to include open spans, expansive ceiling heights, and a full bathroom on every floor. The main level features a Market complete with a coffee bar and an outstanding lunch menu, all bathed in natural light from the south-facing windows and street-level entry door. The all-brick exterior sits on a corner lot, blending seamlessly with the neighborhood while remaining highly visible to the 10k+ commuters who pass by each day. With a rental income of $5,000 per month, this level alone is a game-changer! The second level currently serves as a 2 Bedroom 1 Bath Rental unit ($2,500 per month), complete with a washer and dryer and a separate rear entry door. This level offers an exciting opportunity for an owner-occupier who wants to run their business from a well-maintained property or for an investor in search of an additional value asset with tremendous upside. The basement level is the heartbeat of the neighborhood, where locals come to relax and enjoy social gatherings such as Mic Night, Poetry, and Jam Night. The RF-1 zoning classification permits the operation of up to two separate units, adding to the property's appeal. Thanks to its close proximity to Old Soldiers Home, McMillan Reservoir, Howard University, and Georgia Avenue, this property is poised to benefit tremendously from the ongoing and upcoming developments in the area. So, don't wait any longer -
| DAYS ON MARKET | 87 | LAST UPDATED | 9/6/2024 |
|---|---|---|---|
| TRACT | COLUMBIA HEIGHTS | YEAR BUILT | 1914 |
| COUNTY | WASHINGTON | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| PRICE HISTORY | |
| Prior to Sep 6, '24 | $1,275,000 |
|---|---|
| Sep 6, '24 - Today | $1,270,000 |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| CONSTRUCTION | Brick |
| HEAT | Forced Air, Natural Gas |
| LOT | 871 sq ft |
| PARKING | On Street |
| SEWER | Public Sewer |
| SUBDIVISION | COLUMBIA HEIGHTS |
| TAXES | 4043 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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