2707 12th St NE - Storefront Retail/Residential FOR SALE


Washington, DC 20018- Brookland
$750,000 USD
202-536-3742
2707 12th St NE, Washington, DC for Sale
$750,000 USD
Storefront Retail/Residential - FOR SALE
1/4
null | 8.38% Cap Rate

2707 12th St NE
Washington, DC 20018
Brookland


HIGHLIGHTS

  • Mixed-Use Building Featuring Two Three-Bedroom Units and a Ground-Floor Retail Space
  • Located Just Minutes from the Brookland-CUA Metro Station, Offering Excellent Transit Access to Downtown D.C. and the Surrounding Metropolitan Area
  • Pro Forma CAP Rate Projected at 8.38 Percent
  • One Residential Unit and Retail Space Delivered Vacant, Offering Immediate Value-Add Potential. Renovation Needed for both of These Units
  • Seller Financing Available with Below-Market Interest Rate Terms - 15-20% Downpayment

OVERVIEW

Marcus & Millichap is pleased to offer for sale the 1,800 square-foot mixed-use property located at 2702 12th Street NE in the Brookland submarket of Washington, D.C. This MU-3 zoned commercial building comprises two spacious three-bedroom, one-bath residential units and a street-facing retail space on the ground floor. Each unit is separately metered, allowing for efficient utility management. Recent capital improvements include upgrades to the windows, electrical and plumbing systems, and the installation of central HVAC for both the retail space and the top-floor residential unit. The property currently has a voucher tenant in one residential unit, while the second unit is vacant. There is immediate value-add potential with one vacant residential unit and a vacant retail space. The pro forma CAP rate is projected at 8.38 percent, making this an attractive opportunity for both seasoned investors and those seeking a stable urban asset. The availability of seller financing further reduces acquisition barriers, enhancing the property's overall appeal. Situated in the highly desirable and rapidly evolving Brookland neighborhood of Northeast D.C., the property is just steps from the commercial corridor along Rhode Island Avenue and minutes from the Brookland-CUA Metro Station. It is ideally positioned to benefit from neighborhood foot traffic and strong connectivity to downtown Washington and the greater metropolitan area. The Brookland neighborhood has undergone significant transformation over the past decade. Once known for its religious institutions and quiet residential character, Brookland has emerged as one of Northeast D.C.’s most sought-after enclaves, driven by new development, public investment, and an influx of young professionals attracted to its affordability, walkability, and strong sense of community. The nearby Monroe Street Market (0.09 miles away) has become a major destination, offering retail, art studios, dining, and year-round events that draw visitors from across the region.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$417 USD /SF

CAP RATE

8.38%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mixed Use Retail and Residential Asset

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1941

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.02 AC

LAND SF

958 SF

ZONING

MU-3

APN/PARCEL ID

3936-0042

ASK ABOUT THIS PROPERTY

Lorenzo WootenMarcus & MillichapMore Info
202-536-3742

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Lorenzo WootenMarcus & MillichapMore Info
202-536-3742

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.