Ignite FB Tracking Pixel1451 Maryland Avenue NE, Washington, DC 20002 - R. M. Simpson Real Estate, LLC.
R. M. Simpson Real Estate, LLC.
R. M. Simpson Real Estate, LLC.Phone: (202) 527-0478
Email: [email protected]
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listing
1 of 31
CommercialFor Sale
$2,400,000
1451 Maryland Avenue NE
Washington, DC 20002
Listed by: TTR Sotheby's International Realty, 2029383685
MLS: Bright MLS
4,371Sq Ft
Est. Mortgage
$12,488/mo

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.

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This data is up-to-date as of 09/11/2025 10:32 PM. Listing provided by Daniel M Heider of TTR Sotheby's International Realty.
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