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Listed by Daniel Heider • TTR Sotheby's International Realty
$2,349,900
Est. payment /mo
1,057 Sqft Lot
Active
1451 MARYLAND AVE NE Washington, DC 20002
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID DCDC2243318
Year Built 1900
Available Date 2026-01-30
Annual Tax Amount $29,963
Tax Year 2025
Lot Size 1,057 Sqft
Acres 0.02
Property Sub-Type Mixed Use
Source BRIGHT
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 $155,043 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 a 10-year Triple Net lease until 4/1/2031 at $10,114.93/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 currently leased at an under-market-value rate of $4,088/month until 5/1/2026 (currently listed for rent at $5,500). 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.
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 a 10-year Triple Net lease until 4/1/2031 at $10,114.93/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 currently leased at an under-market-value rate of $4,088/month until 5/1/2026 (currently listed for rent at $5,500). 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.
Location
State DC
County Washington
Zoning NMU-4/H-A
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Accessibility 2+ Access Exits, Level Entry - Main
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
High Schools Dunbar Senior
School District District Of Columbia Public Schools
Others
Tax ID 1050//0014
Ownership Fee Simple
Special Listing Condition Standard
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