2006 Rhode Island Ave NE, Washington, DC, 20018

2006 Rhode Island Ave NE Washington, DC 20018

2006 Rhode Island Ave NE, Washington, DC, 20018
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FOR SALE
Property Type:
Street Retail
Amount:
$325,000
Last Verified:
Nov 13, 2024

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Description

ONE Street Commercial Properties is proud to offer for sale the business located at 2006 Rhode Island Ave NE, Aurora Market.

Aurora Market represents a rare opportunity for investors to acquire a thriving, mission-driven business with dual cannabis licenses: a Retailers Storefront Cannabis License and an Internet Retailers Cannabis License. These licenses add significant value and growth potential, positioning Aurora Market as a versatile asset that not only meets high-demand retail needs, but also provides access to the expanding cannabis market.

With its core mission of addressing nutritional needs in “food deserts,” Aurora Market goes beyond traditional retail by partnering with local communities to shape a product selection that genuinely serves residents.

This is an exceptional opportunity to take over a thriving business along Rhode Island Avenue NE in a high-visibility, high-traffic area. The new owner would enter into an existing lease allowing the buyer to step directly into a prime location, surrounded by a growing mix of residential and retail developments, with easy access to the Rhode Island Avenue-Brentwood Metro and multiple bus routes. Nearby amenities, including popular restaurants and local markets, add to the neighborhood’s appeal, making this a turn-key investment in a vibrant, fast-growing area of Washington, D.C.


Year Built: 1921
Building Size: 2202sq ft
Building Class: C
Lot Size: 0.03 acres

Map of 2006 Rhode Island Ave NE, Washington, DC, 20018

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.