Investment Overview

Marcus & Millichap is pleased to exclusively represent the owner of 3409 14th Street NW, a prime 3,800 square foot mixed-use building situated in the heart of Columbia Heights, Washington, DC. Fully renovated in 2024, this four-story property seamlessly combines commercial and residential spaces, offering a unique and lucrative investment opportunity. The bi-level retail suite spans 1,600 square feet and includes two bathrooms, making it ideal for various commercial uses such as retail, office, or medical practices. The two three-bedroom, two-and-a-half-bath residential units features luxury finishes, balconies off the master bedrooms and private rooftop terraces, providing breathtaking views of DC’s iconic landmarks. The property is separately metered for gas and electric, has a sprinkler system throughout, and the building includes rear on-site parking for two vehicles. This property is perfect for an owner-user looking to establish their business on the ground floor retail space or an investor seeking to lease the commercial space and the upper-level residential units. Delivering 100% vacant with no TOPA requirements, the property presents an exceptional opportunity to achieve a net operating income (NOI) of over $162,000 in the first year upon lease-up. Columbia Heights is one of Washington D.C.’s most dynamic and affluent neighborhoods, with 66% of residents holding a bachelor’s degree or higher and an average household income of $146,000. Just two blocks from the Columbia Heights Metro and five blocks from the Georgia Avenue Metro, the area is bustling with big-box retailers, diverse dining options, new residential developments, and a vibrant arts scene. The property is located within the Great Streets initiative, a program designed to bolster existing businesses, attract new ventures, and create job opportunities.