1734 Wisconsin Ave NW

2,500 SF 100% Leased Retail Building Washington, DC 20007 $1,929,900 ($772/SF)

INVESTMENT HIGHLIGHTS

  • Situated in the heart of Georgetown, 1734 Wisconsin Ave NW offers a prime investment opportunity
  • Features 2,500 square feet of rentable space with a lower level of extra storage and bathroom, for customer's use.
  • Close proximity to Embassy Row, as well as prestigious institutions such as Georgetown University,American University,and George Washington University
  • No upfront key payment required, fully equipped turnkey restaurant
  • Currently houses the esteemed Shanghai Lounge, which operates across both the 1st floor - 20 seating, and 2nd floor - 30 seating.
  • Excellent access and visibility

EXECUTIVE SUMMARY

Located at 1734 Wisconsin Ave NW in the heart of Georgetown, this property offers an excellent investment opportunity. It currently houses the esteemed Shanghai Lounge, which operates across both the first and second floors. In addition to the Shanghai Lounge’s two-level occupancy, the building also includes additional office or apartment space on the second floor and features masonry construction. The property provides 2,500 square feet of rentable space with a lower level of extra storage and bathroom, for customer's use. Situated in a dynamic and historic market area, the property benefits from high visibility and significant foot traffic, making it an attractive choice for investors seeking consistent rental income and growth potential. Positioned in the vibrant Georgetown neighborhood of Washington, DC, it is conveniently near Embassy Row, prestigious institutions like Georgetown University, American University, and George Washington University, as well as major attractions such as Georgetown Waterfront Park, The Old Stone House, Dumbarton Oaks, C&O Canal, and Tudor Place Historic House & Garden.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
2,500 SF
Building Class
B
Year Built
1923
Price
$1,929,900
Price Per SF
$772
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.91
Lot Size
0.03 AC
Zoning
MU-4 - Commercial
Frontage
27 FT on Wisconsin Ave NW

AMENITIES

  • Restaurant
  • Signalized Intersection
Walk Score®
Walker's Paradise (96)

NEARBY MAJOR RETAILERS

Starbucks
Orangetheory Fitness
United Bank
Safeway
Trader Joe's
Corepower Yoga
Washington Sports Clubs
Whole Foods Market
Eaglebank
Bank of America

PROPERTY TAXES

  • Listing ID: 32931863

  • Date on Market: 8/23/2024

  • Last Updated:

  • Address: 1734 Wisconsin Ave NW, Washington, DC 20007