1201 MOUNT OLIVET Road NE, WASHINGTON, DC 20002

Other
IDR Rp35,110,767,652
USD $1,950,000
Published on: 21 May 2026
Last updated on: 22 May 2026
1201 MOUNT OLIVET Road NE, WASHINGTON, DC 20002
1201 MOUNT OLIVET Road NE, WASHINGTON, DC 20002
1201 MOUNT OLIVET Road NE, WASHINGTON, DC 20002
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Property ID: 110108172570
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Commercial Sale - WASHINGTON, DC

1201 MOUNT OLIVET Road NE, WASHINGTON, DC 20002
******Turnkey Cash Flow with High-Upside Mixed-Use Redevelopment****** Zoning: MU-4 (Mixed-Use Moderate Density) An exceptional, dual-opportunity commercial listing priced at the high-visibility corner of Mt. Olivet Road and Montello Avenue NE. This offering features a 3,000-square-foot freestanding commercial building paired with the sale of the thriving, turn-key Northeast Supermarket business currently running under fully absentee ownership. Investors can instantly capitalize on highly consistent, strong operational revenue while securing a premium piece of real estate in one of the fastest-growing commercial corridors in Washington, DC. --Robust Business Financials & Recent Upgrades-- -The well-established Northeast Supermarket serves as a staple community pillar, functioning as a retail hub for the community for approximately 70 years. -Capital Improvements: Enjoy immediate peace of mind and minimal deferred maintenance with recent high-ticket infrastructure upgrades, including a brand-new commercial roof and a brand-new commercial cooler system. -Seamless Transition: The turn-key setup ensures the business remains fully functional from day one of ownership, protecting your cash flow immediately upon closing. --Zoning and Development Profile-- -Zoning Designation: MU-4 (Mixed-Use Moderate Density). -Permitted Uses: MU-4 zoning permits mixed-use development, specifically designed to blend multi-family housing with neighborhood-serving retail, office spaces, and service centers. -Air Rights & Expansion: The property offers incredible "covered land" advantage. You can operate the profitable market until you are ready to build upward, leveraging the neighborhood's moderate-density allowance to develop a lucrative multi-story apartment or condo complex over ground-floor retail. --Strategic Location & DC City Development Plan Alignment-- -This property is a stellar long-term investment because it is located directly inside the target zone of the District's multi-phase municipal revitalization plans: --The Ivy City Small Area Plan: Approved by the DC Council, this DC Office of Planning Framework actively guides private and public infrastructure capital directly into this corridor. The city's master plan prioritizes the expansion of new housing options, active pedestrian-friendly streets, and community-serving commercial retail right along the Ivy City and Trinidad borders. --Surrounding Growth: Positioned just blocks away from the booming, trend-setting hubs of Union Market and Ivy City, this location is perfectly poised to ride the wave of rapid neighborhood appreciation and population density growth.

Property Details

Basic Info

Property Type
Other
Listing Status
Active
Land Size
1,182.09 m2
Year Built
1955
County
WASHINGTON
Provider
Bright MLS
Brokerage Office Name
Mega Realty & Investment Inc
Brokerage Office Phone
(703) 642-6342
Address
1201 MOUNT OLIVET Road NE, WASHINGTON, DC 20002
Contact Agent
Diane M Lee
Mega Realty & Investment Inc
4600 JOHN MARR Drive unit: 201 , ANNANDALE, VA 22003
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Diane M Lee
4600 JOHN MARR Drive unit: 201 , ANNANDALE, VA 22003
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      Property ID: 110108172570

      Original Property ID: 3yd-TRENDPA-DCDC2262812
      Data provided by Bright MLS, MLS #: DCDC2262812
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