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About This Home

This 0-bedroom, 0-bathroom commercial at 1201 MOUNT OLIVET Road NE in Washington, DC is listed for $1,950,000. Built in 1955, on a 0.29 acres lot.

Agent Description

******Turnkey Cash Flow with High-Upside Mixed-Use Redevelopment****** Zoning: MU-4 (Mixed-Use Moderate Density) An exceptional, dual-opportunity commercial listing priced at the high-visibility corner of Mt. Olivet Road and Montello Avenue NE. This offering features a 3,000-square-foot freestanding commercial building paired with the sale of the thriving, turn-key Northeast Supermarket business currently running under fully absentee ownership.

Investors can instantly capitalize on highly consistent, strong operational revenue while securing a premium piece of real estate in one of the fastest-growing commercial corridors in Washington, DC. --Robust Business Financials & Recent Upgrades-- -The well-established Northeast Supermarket serves as a staple community pillar, functioning as a retail hub for the community for approximately 70 years.

-Capital Improvements: Enjoy immediate peace of mind and minimal deferred maintenance with recent high-ticket infrastructure upgrades, including a brand-new commercial roof and a brand-new commercial cooler system. -Seamless Transition: The turn-key setup ensures the business remains fully functional from day one of ownership, protecting your cash flow immediately upon closing.

--Zoning and Development Profile-- -Zoning Designation: MU-4 (Mixed-Use Moderate Density). -Permitted Uses: MU-4 zoning permits mixed-use development, specifically designed to blend multi-family housing with neighborhood-serving retail, office spaces, and service centers.

-Air Rights & Expansion: The property offers incredible "covered land" advantage. You can operate the profitable market until you are ready to build upward, leveraging the neighborhood's moderate-density allowance to develop a lucrative multi-story apartment or condo complex over ground-floor retail.

--Strategic Location & DC City Development Plan Alignment-- -This property is a stellar long-term investment because it is located directly inside the target zone of the District's multi-phase municipal revitalization plans: --The Ivy City Small Area Plan: Approved by the DC Council, this DC Office of Planning Framework actively guides private and public infrastructure capital directly into this corridor.

The city's master plan prioritizes the expansion of new housing options, active pedestrian-friendly streets, and community-serving commercial retail right along the Ivy City and Trinidad borders. --Surrounding Growth: Positioned just blocks away from the booming, trend-setting hubs of Union Market and Ivy City, this location is perfectly poised to ride the wave of rapid neighborhood appreciation and population density growth.

Key Features

  • Built in 1955
  • 0.29 acre lot
  • 15 parking spaces

Property Details

15 spaces
1955

Monthly Cost Estimate

$10,429/mo

20% down · 6.5% · 30 years

Principal$1,410
Interest$8,450
Insurance$569

Estimates only. Actual payments may vary.

Location

1201 MOUNT OLIVET Road NE

Washington, DC 20002

Property Details

Construction

Brick

Parking

Parking Lot

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 1201 MOUNT OLIVET Road NE is listed at $1,950,000. The estimated monthly payment is $8,450 based on 20% down at 6.5% interest.

Key features include: Built in 1955, 0.29 acre lot, 15 parking spaces.

This property is listed by Diane M Lee and can be reached at 7035344989 or megarealty@gmail.com.

DL

Diane M Lee

Agent at Mega Realty & Investment Inc

(703) 534-4989

Listed by Mega Realty & Investment Inc

MLS# DCDC2262812· Source: listhub· Updated 12 days ago

Copyright © 2026 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1201 MOUNT OLIVET Road NE, Washington, DC 20002

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