1389 Quincy St Nw

$1,450,000

1389 Quincy St Nw, Washington, DC 20011

For Sale

Mixed Use

Active

Last Updated: 08/04/2025

Details:

Cap Rate: 5.38%

NOI: $78,026

Building Size: 2,300 sqft

Year Built: 1907

Price Per Sqft: $630.43

Zoning: MU-4

Offered by Realtor

Virginia Smith

Arlington Realty, Inc.

Request Info to Unlock

Highlights:

Days on Market: 742
Heating: Other

Description:

PRICE IMPROVEMENT - Reduced $200K. Prime mixed-use building in the heart of the sought after Petworth neighborhood, along the busy retail-commercial corridor of 14th St. NW. Corner lot with frontage on 14th St. NW and on Quincy St. NW. Built out for restaurant / carry out on the first floor with a large outdoor patio dining space. Above the restaurant on the 2nd and 3rd levels are two 1 br. / 1 ba. apartments, including a large deck off the rear of the 2nd level . Tax record indicates 2,019 SF, but seller estimates approx. 2,300 SF. Zoned MU-4. There could be potential to add another level: max. building height = 50 ft.; max FAR = 2.5 (residential) or 1.5 (non-residential). Leases are month-to-month, so property could be delivered vacant, or the new owner can renegotiate the leases. Excellent location with heavy foot and vehicle traffic, surround by shops, cafes, pubs, restaurants, and residential. Approx. 4 blocks to the Georgia Ave.-Petworth Metro station and 6 blocks to Columbia Heights Metro.