An exceptional turn-key, mixed-use investment opportunity in Northeast DC's rapidly growing Starburst Intersection, just minutes from the newly approved $3.7 billion RFK Stadium redevelopment that will transform the area with a new stadium, retail, housing, and expansive green space. Situated on a prominent corner lot, this fully renovated 2021 asset… Read More offers stable, long-term income with minimal owner expenses, generating $151,600 in annual NOI. With meticulously maintained spaces, built-in rental escalations, and high-caliber tenants in place, this property presents a rare opportunity for investors seeking both immediate cash flow and long-term appreciation. Anchoring the ground floor is Daru, a Michelin Bib Gourmand-awarded Indian-Nepalese restaurant, celebrated for its innovative cuisine and strong local following. Daru is three years into a 10-year NNN lease at $9,670/month, with a 3.5% annual rent escalation (April 1st). The restaurant fully maintains its space, covers 61.5% of property taxes and insurance, and funds trash services. Recognizing their success, Daru expanded operations by adding a covered outdoor dining area last year and has recently opened a second location down the street. Above, the luxurious residential penthouse is leased at $4,088/month until 5/1/2026 (tenants are highly interested in renewing). Designed for modern urban living, this open-concept loft showcases wide plank white oak floors, a striking hexagonal sunroom, high-end JennAir appliances, spa-inspired baths, and two private outdoor terraces. The property underwent a comprehensive $1M modernization in 2021, including all new MEP systems, full basement excavation to accommodate a commercial kitchen, a top-floor penthouse addition, new windows, a reimagined storefront, enhanced entryways, and the creation of two rooftop decks. With both units paying their own utilities, minimal maintenance requirements, and a high-quality NNN tenant ensuring predictable income growth, this is a truly hands-off, low-risk investment in one of Washington, DC's most dynamic and evolving neighborhoods. Read Less
Courtesy of Daniel Heider, TTR Sotheby's International Realty [email protected]
Listing Snapshot
Days Online
216
Last Updated
Property Type
Mixed Use
Square Ft.
4,371
Lot Size
0.02 Acres
Year Built
1900
MLS Number
DCDC2175008
30 Days Snapshot Of 20002
$730k
-5%
(avg) sold price
43
-2%
homes sold
52
+13%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
4,371 net sqft, 4,371 total building sqft, Built in 1900, Major renovation in 2021, 2 units in building, 4 levels in building, Brick
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