List Price
decreased
from $1,950,000
to $1,795,000
-
Beds
0
Baths
3,000
Sq Ft
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 neighborhoods 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 Districts 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.
Listing By: Diane M Lee - Mega Realty & Investment Inc 
- MLS# DCDC2262812
- Date Listed05/18/2026
- Days on Realty 96 Days
- Bedrooms -
- Bathrooms
- Lot Size 0.29 acres (12,723 sq. ft)
- County Washington
- Year Built 1955
- Square Feet 3,000 sq. ft
- Price Per Sq. Ft $598.33
Interior Features
- Cooling Other
- Heating Other
Exterior / Lot Features
- Roof -
- Lot Size Acres 0.29
- Lot Size SQFT 12,723.00
- Lot Features -
Financial Considerations
- Tax Amount $31,580
- Terms Cash, Conventional, FHA, VA Loan
Schools near 20002
Explore the local neighborhood highlights and top-rated schools near 20002 in Washington, DC.
Nearby Schools
Source: School Digger
Sales & Tax History
Source: Public Records
Local Neighborhood Highlights for 20002
Discover key demographics, population statistics, and environmental insights for the Washington, DC area.
Population & Environment
Source: Sperling's Best Places
72/100
Very Walkable
Walk Score ®
48/100
Some Transit
Transit Score ®
45/100
Bikable
Bike Score ®
Overview
Most errands can be accomplished on foot. A few nearby public transportation options. Minimal bike infrastructure.
Transit Summary
4 nearby routes: 4 bus, 0 rail, 0 other
Walkability averages in the surrounding area
The average walkability score in the surrounding area is Walk Score: 65/100, Transit Score: 60/100, Bike Score: 64/100.
Property Change History
Price Per Square Foot
decreased
from $650.00
to $598.33
Property description updated with
new details
View Changes
Previous 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.
Updated 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.
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Frequently Asked Questions for 1201 Mount Olivet Rd NE
Source: Realty.com
1201 Mount Olivet Rd NE, Washington, DC 20002 in Washington, DC 20002 is a retail listed at $1,795,000. Highlights include 3,000 sq. ft., built in 1955, 0.29 acre lot, $598 per sq. ft.. Realty.com has 3 photos, sales history, school insights, and mortgage tools for this listing.
Realty.com has 3 photos of 1201 Mount Olivet Rd NE.
Our records indicate that 1201 Mount Olivet Rd NE was built in 1955.
The full address for this home is 1201 Mount Olivet Rd NE, Washington, DC 20002.
1201 Mount Olivet Rd NE has been listed on Realty.com since Mon May 18, 2026
Most errands can be accomplished on foot. A few nearby public transportation options. Minimal bike infrastructure.
The average walkability score in the surrounding area is Walk Score: 65/100, Transit Score: 60/100, Bike Score: 64/100.
There are 3 schools assigned to this home. Check out the schools near 1201 Mount Olivet Rd NE. Thaddeus Stevens Early Learning Center (Grades: PK - PK), Hardy Middle School (Grades: 6 - 8), School Without Walls High School (Grades: 9 - 12)
Listing provided courtesy of:
Mega Realty & Investment Inc
(tel: 703-642-6342)
Listing agent:
Diane Lee
(tel: 703-534-4989)
(#12932)
This content last refreshed on 2026-08-22 21:56:47. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
