FRANKLIN WASHINGTON, DC 20018

Features

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Facts

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Pre-Foreclosure Info

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Sale Type

This is an REO, meaning this property has been foreclosed on because the owner couldn't meet their payments. The bank now owns this property. Most banks are not set up to own homes, and are often motivated to sell you the home at a discounted price.

Description

Prime Investment Opportunity in Washington, DC - Community Grocery Store with Additional Rental Unit. Discover the perfect business venture located at the heart of the vibrant Woodridge neighborhood in Washington, DC. This unique property spans two lots, including a building and a side parking lot, positioned strategically on a busy corner lot with ample customer parking. Currently functioning as a well-established community deli, the business boasts a strong customer base, making it a turnkey operation for potential investors. Adjacent to the bustling Woodridge shopping district, this property lies within walking distance to the scenic Langdon Park. The park features expansive green spaces, a public pool, and a state-of-the-art recreation center, enriching the community atmosphere and attracting steady foot traffic to the area. Additionally, the property includes a separate, 4-bedroom unit at the back, presenting a potential rental income. This space offers a lucrative opportunity to diversify income through residential leasing or by expanding the business footprint. Please contact the listing agent for all questions. Thank you for considering this exceptional opportunity to invest in one of Washington, DC's most promising locales.