Investment Overview

Register to bid and access due diligence documents on RealINSIGHT Marketplace: https://rimarketplace.com/auction/3387 Brokered by Marcus & Millichap and Auctioned 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.