1451 MARYLAND AVE NE, Washington, DC 20002

Property Description

An exceptional turn-key, mixed-use investment opportunity in Northeast DC’s rapidly growing Starburst Intersection, just minutes from the newly approved $3.7 billion RFK Stadium redevelopment that will transform the area with a new stadium, retail, housing, and expansive green space. 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 5/1/2026 (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.

Listing Status:

Active

Date Added:

March 21, 2025 at 05:00AM

Listing Office:

TTR Sotheby's International Realty : 2022343344

Listing Agent:

Daniel M Heider : 2029383685

MLS ID:

DCDC2175008

Interior

• A/C: Central A/C
• Heating: Forced AirNatural Gas
• Disability Feature: 2+ Access ExitsLevel Entry - Main

Exterior

• Parking: Public

Construction

• General: Brick

Location

• Originating MLS: BRIGHT_MAIN
• School District: DISTRICT OF COLUMBIA PUBLIC SCHOOLS
• County: WASHINGTON-DC

Lot

• Zoning: NMU-4/H-A1050//0014

Utilities

• Water: Public
• Sewer: Public Sewer

Financial

• Source: BRIGHT_MAIN

This listing courtesy of Daniel M Heider, TTR Sotheby's International Realty