Mixed-Use Building | Hard Corner | Near RFK Development

Starting Bid $750,000

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.

11-Unit Mixed-Use, $500K+ in Renovations: New roof, electrical, plumbing, HVAC units, windows, and masonry work completed since 2019.

Eight Residential Units Vacant at Closing: A buyer can set market rents immediately, avoiding TOPA-related leasing delays entirely.

NNN Retail Anchor Already in Place at Site: Benning Market/Dollar Plus holds a long-term NNN lease on the ground-floor retail space.

Less Than a Mile From Future RFK Campus: The $3.7B, 180-acre stadium redevelopment sits near 31,000 vehicles daily along Benning Road.

Auctioneer: Lynne Zink

Auctioneer License: 69004285

Auctioneer Company: Fisher Auction Company Inc.