This Washington property for sale is located at 500 Irving Street Northwest. The current listed sale price for 500 Irving Street Northwest is $1,284,000. 500 Irving Street Northwest is situated on a lot that is 0.02 acre in size.
Contacts
Kevin Brandes
ONE Street Commercial Properties
Property Details
Property TypeRetail - Street Retail
Property Size 2,388 SF
Units 2
Lot Size 0.02 Acre
Additional RentContact for pricing
Property TenancyMulti-Tenant
Year Built1914
Year Renovated2010
Date UpdatedNov 14, 2024
500 Irving St NW is located in the Petworth neighborhood of Washington, D.C., a vibrant community and mix of residential and commercial properties. This prime location sits conveniently near Georgia Avenue, a major commercial corridor that connects to downtown D.C., offering easy access to public transit, including multiple bus lines and the nearby Georgia Avenue-Petworth Metro station. To add to its appeal, the Columbia Heights and Petworth metro stations are also within walking distance.
The area surrounding 500 Irving St NW has seen significant growth in recent years, with new residential developments, trendy cafes, boutique shops, and popular local restaurants adding to the neighborhood's appeal. Its proximity to Howard University and nearby medical centers provides a steady flow of foot traffic and a growing demand for services, retail, and dining options. With a blend of historic charm and modern amenities, 500 Irving St NW represents an attractive investment opportunity in a flourishing area of the nation’s capital.ONE Street Commercial Properties is proud to present a rare chance to own a truly unique asset at Irving Street NW.
This prime property offers an incredible investment opportunity just steps away from D.C.’s best dining, nightlife, and shopping. Adding to its appeal, both the Columbia Heights and Petworth Metro stations are within easy walking distance.
The main level, currently occupied by a popular market, creates an incredible attraction. The all-brick corner lot exterior blends seamlessly with the neighborhood and attracts high visibility from thousands of daily commuters.
The second level serves as a two-bedroom, one-bath rental unit, with amenities like an in-unit washer and dryer and a private rear entry. This space is ideal for an owner-occupier or an investor seeking additional income potential and a well-maintained asset with room for further value growth. The lower level has become a beloved neighborhood venue, hosting social gatherings like open mic nights, poetry readings, and jam sessions.
With RF-1 zoning, the property supports up to two separate units, enhancing its appeal and versatility. Its close proximity to Old Soldiers' Home, McMillan Reservoir, Howard University, and Georgia Avenue places it in a prime location set to benefit from significant upcoming developments. Don’t miss this outstanding investment opportunity—contact us today!
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500 Irving Street Northwest, Washington, DC 20010 - Retail Space
500 Irving Street Northwest is located at 500 Irving Street Northwest in Washington, DC 20010.
The property was completed in 1914. This Washington retail investment incorporates a total of 2,388 SF. Located in Park View, this commercial property is situated on a lot that is 0.02 Acre in size.
Within the same neighborhood, there is a total of 928,868 SF of available retail space across 390 retail spaces for lease. Including all property building classes and property grades, the average asking retail rent per square foot in Park View is $45.74/SF/YR. At zip code level, leasing opportunities currently on the market include 4 retail spaces that add up to a total of 4,784 SF. Retail building sale prices in Park View average $2,311,490.
At city level, there are 2 commercial properties, of which 1 are retail buildings of 50,000 square feet or larger. Of these properties, 2 retail buildings have achieved LEED certification.
Across the market, the average asking retail rent per square foot in Washington is $45.74/SF/YR. Retail building sale prices in Washington average $2,311,490.