423 Kennedy Street NW — Sale in Washington, DC

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Washington, DC 20011

Description

RETAIL CONDOMINIUM For Lease or Purchase SITE DETAILS : New Mixed-Use Residential Development on Kennedy Street NW with 33 apartment units and ground floor retail space ADDRESS: 423 Kennedy Street NW | Washington, DC 20011 NEIGHBORHOOD: Brightwood Park SIZE: ~1,800 square feet CEILING HEIGHTS: ~15' clear DELIVERY: 4th Quarter 2022 (83) Walk Score: Very Walkable (1.1 miles) Fort Totten Metro: Red, Yellow & Green

Market Context

This retail in Washington, DC is listed for sale. It has been on the market for 195 days. Compare it against other retail listings for sale in Washington, DC — view the full market.

As of Q4 2025, the Washington D.C. retail market showed a 3.4% vacancy rate, average asking rents near $34.00/SF/yr, rents up 2.4% year over year, and cap rates around 6.8%.

Rising rents point to a competitive market where well-priced, well-located assets trade quickly.

Retail market FAQ

What is the typical cap rate for retail in Washington D.C.?
About 6.8% as of Q4 2025.
Is the Washington D.C. retail market tightening or softening?
Vacancy is around 3.4%, with asking rents rising year over year (Q4 2025).

Estimated Market Rate

$538.18/SF – $728.12/SF

Mid: $633.15/SF

Rate estimator only; cost-of-business estimate unavailable.

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