1734 Wisconsin Ave NW
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1734 Wisconsin Ave NW
2,500 SF 100% Leased Retail Building Washington, DC 20007 $1,929,900 ($772/SF)
Investment Highlights
- No upfront key payment required, Turnkey restaurant
- With 1 parking slot available at the back of the building
- Close proximity to Embassy Row, prestigious institutions such as Georgetown University, American University, and George Washington University, as well
- Zoned MU-4
- Capacity Seating: 1st floor - 20 seating, 2nd floor - 30 seats
- 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
PROPERTY TAXES
| Parcel Number | 1298-0809 | Improvements Assessment | $515,470 |
| Land Assessment | $422,940 | Total Assessment | $938,410 |
PROPERTY TAXES
Parcel Number
1298-0809
Land Assessment
$422,940
Improvements Assessment
$515,470
Total Assessment
$938,410
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1734 Wisconsin Ave NW
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