Tremendous Investment Opportunity with an assumable VA Mortgage

500 Irving Street Northwest Washington, DC 20010

500 Irving Street Northwest, Washington, DC, 20010
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FOR SALE FOR LEASE
Property Type:
Street Retail
Amount:
$1,284,000
Last Verified:
Apr 14, 2025

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Description

ONE Street Commercial Properties is proud to present a rare chance to own a truly unique asset at Irving Street NW.

This prime property offers an incredible investment opportunity just steps away from D.C.’s best dining, nightlife, and shopping. Adding to its appeal, both the Columbia Heights and Petworth Metro stations are within easy walking distance.

The main level, currently occupied by a popular market, creates an incredible attraction. The all-brick corner lot exterior blends seamlessly with the neighborhood and attracts high visibility from thousands of daily commuters. The Retail space can be delivered vacant, making it an ideal opportunity for an owner-user to customize and occupy immediately.

The second level serves as a two-bedroom, one-bath rental unit, with amenities like an in-unit washer and dryer and a private rear entry. This space is ideal for an owner-occupier or an investor seeking additional income potential and a well-maintained asset with room for further value growth. The lower level has become a beloved neighborhood venue, hosting social gatherings like open mic nights, poetry readings, and jam sessions.

This property has an assumable VA Loan. Don’t miss this outstanding investment opportunity—contact us today!

ONE Street Commercial Properties is excited to present a rare leasing opportunity at the heart of Irving Street NW—an exceptional property that combines character, visibility, and prime location.

Positioned just moments from D.C.’s premier dining, shopping, and nightlife destinations, this high-traffic property offers unparalleled exposure. Its close proximity to both Columbia Heights and Petworth Metro stations ensures seamless access and strong foot traffic, making it an ideal setting for any business.

Strategically located near major landmarks such as the Old Soldiers’ Home, McMillan Reservoir, Georgia Avenue, and Howard University, this property sits at the center of a rapidly evolving corridor poised for growth.

Whether you’re an operator looking to establish a new flagship location or an investor seeking a high-impact, multi-use space—this is a standout opportunity. Contact us today to schedule a private tour!

500 Irving St NW is located in the Petworth neighborhood of Washington, D.C., a vibrant community and mix of residential and commercial properties. This prime location sits conveniently near Georgia Avenue, a major commercial corridor that connects to downtown D.C., offering easy access to public transit, including multiple bus lines and the nearby Georgia Avenue-Petworth Metro station. To add to its appeal, the Columbia Heights and Petworth metro stations are also within walking distance.

The area surrounding 500 Irving St NW has seen significant growth in recent years, with new residential developments, trendy cafes, boutique shops, and popular local restaurants adding to the neighborhood's appeal. Its proximity to Howard University and nearby medical centers provides a steady flow of foot traffic and a growing demand for services, retail, and dining options. With a blend of historic charm and modern amenities, 500 Irving St NW represents an attractive investment opportunity in a flourishing area of the nation’s capital.


Year Built: 1914
Building Size: 2388sq ft
Lot Size: 0.02 acres

Units for Lease

Retail Space
Space Available: 1500 SF
Lease Type: NNN

Price Per Sqft/Year: $34.00

Map of 500 Irving Street Northwest, Washington, DC, 20010

Presented by:
ONE Street Commercial Properties

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Kevin Brandes


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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.