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Washington, DC 20002,1451 MARYLAND AVE NE
Washington, DC 20002,1451 MARYLAND AVE NE
Washington, DC 20002,1451 MARYLAND AVE NE
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Listed by Daniel M Heider • TTR Sotheby's International Realty
$2,400,000
Est. payment /mo
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4,371 SqFt
Active

1451 MARYLAND AVE NE Washington, DC 20002

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Matthew Curcio

Matthew Curcio

+1(856) 207-7592

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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 4,371 sqft

Price per Sqft $549

MLS Listing ID DCDC2175008

Year Built 1900

Available Date 2025-03-21

Annual Tax Amount $26,516

Tax Year 2024

Lot Size 1,057 Sqft

Acres 0.02

Property Sub-Type Mixed Use

Source BRIGHT

Property Description

An exceptional turn-key, mixed-use investment opportunity in Northeast DC's rapidly growing Starburst Intersection. Situated on a prominent corner lot, this fully renovated 2021 asset 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 5/1/2025 (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.

Location

State DC

County Washington

Zoning NMU-4/H-A

Interior

Hot Water Electric

Heating Forced Air

Cooling Central A/C

Heat Source Natural Gas

Exterior

Water Access N

Accessibility 2+ Access Exits, Level Entry - Main

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

High Schools Dunbar Senior

School District District Of Columbia Public Schools

Others

Tax ID 1050//0014

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

Bright MLS (BMLS)

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agent

Matthew Curcio

Broker Associate & Team Leader | License ID: 0121845

+1(856) 207-7592

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1451 MARYLAND AVE NE

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