Description
Two buildings. One play. Real income from day one. 1426 & 1428 Park Road NW are offered as one high-performing mixed-use asset, delivering nearly 6,000 square feet (5,995 SF) in the core of Columbia Heights. This is a fully operating asset with strong, in-place tenants and immediate cash flow. The main level is anchored by a neighborhood staple restaurant with 30 years of history, generating $14,000/month and looking to remain in place, with a large basement level currently used for storage, adding valuable operational space. Upstairs, a hair salon brings in $2,800/month and would also like to stay. Two studio apartments round out the residential component, producing a combined $3,000/month. There is also a vacant retail space in the lower level. Total monthly income at closing is $19,800 and $22,570 when fully occupied. The building has four separate electrical meters making it easy for tenants to pay their own utilities. Positioned along Park Road NW, the property benefits from strong visibility with approximately 10,000 cars passing daily. You’re just steps from the Columbia Heights Metro and surrounded by some of DC’s most active corridors. The GALA Hispanic Theatre is around the corner, with easy access to Mount Pleasant, U Street Corridor, Shaw, and Adams Morgan. Restaurants, retail, nightlife, and daily essentials are all within reach. For added convenience, the DC USA Shopping Center Garage next door offers public parking with rates around $2 per hour, making access easy for both tenants and customers. At $19,800/month and a $1.9M price point, this asset trades above prevailing market cap rates for comparable mixed-use assets in Columbia Heights. The asking price aligns with current tax assessed values, with a combined annual tax bill of approximately $27,101, offering a straightforward entry point for an investor looking for immediate income in a proven location.
School Information
Description
Two buildings. One play. Real income from day one. 1426 & 1428 Park Road NW are offered as one high-performing mixed-use asset, delivering nearly 6,000 square feet (5,995 SF) in the core of Columbia Heights. This is a fully operating asset with strong, in-place tenants and immediate cash flow. The main level is anchored by a neighborhood staple restaurant with 30 years of history, generating $14,000/month and looking to remain in place, with a large basement level currently used for storage, adding valuable operational space. Upstairs, a hair salon brings in $2,800/month and would also like to stay. Two studio apartments round out the residential component, producing a combined $3,000/month. There is also a vacant retail space in the lower level. Total monthly income at closing is $19,800 and $22,570 when fully occupied. The building has four separate electrical meters making it easy for tenants to pay their own utilities. Positioned along Park Road NW, the property benefits from strong visibility with approximately 10,000 cars passing daily. You’re just steps from the Columbia Heights Metro and surrounded by some of DC’s most active corridors. The GALA Hispanic Theatre is around the corner, with easy access to Mount Pleasant, U Street Corridor, Shaw, and Adams Morgan. Restaurants, retail, nightlife, and daily essentials are all within reach. For added convenience, the DC USA Shopping Center Garage next door offers public parking with rates around $2 per hour, making access easy for both tenants and customers. At $19,800/month and a $1.9M price point, this asset trades above prevailing market cap rates for comparable mixed-use assets in Columbia Heights. The asking price aligns with current tax assessed values, with a combined annual tax bill of approximately $27,101, offering a straightforward entry point for an investor looking for immediate income in a proven location.
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