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Washington Heights 2434 18th St NW
3,649 SF 4-Star Retail Building Washington, DC 20009 $1,849,000 ($507/SF) 7.19% Cap Rate
Investment Highlights
- 2nd Gen Restaurant
- Great Investment Property
- Perfect for an Owner/Operator
- Price Reduced
Executive Summary
2434 18th St NW, Washington, DC - a standout commercial gem on 18th Street NW in the vibrant Adams Morgan neighborhood of Washington, DC. Boasting a spacious 3,649 sq. ft., this turn-key property is tailored for a high-end restaurant or lounge, equipped with fully built out kitchen and bar. With 15 ft. of prime frontage, the property offers excellent visibility on one of the area's busiest streets. Situated amidst popular dining options and a thriving community, the location sees a high volume of foot traffic and offers great transport links. Ideal for investors seeking a dynamic business venture in the bustling Adams Morgan neighborhood, the property enjoys proximity to major establishments like Starbucks and McDonald’s. Don’t miss this fantastic opportunity to establish a successful enterprise in a prime neighborhood with a strong consumer base. Embrace the potential and elevate your business at 2434 18th Street NW.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
- 24 Hour Access
- Bus Line
- Metro/Subway
- Mezzanine
- Restaurant
- Tenant Controlled HVAC
- Recessed Lighting
- Smoke Detector
Space Availability
- Space
- Size
- Space Use
- Position
- Available
This Freestanding building in the heart of Adams Morgan is a Turn-Key Prime Restaurant and Entertainment Space. Two stories, with 15 ft. of frontage on busy 18th St NW. Fixtures include hoods, gas grills, ovens, full bar, stainless kitchen sinks and coolers. Starbucks, McDonald’s and other popular restaurants are located within a 1/4 mile radius of the property. Excellent walk and transit score.
This Freestanding building in the heart of Adams Morgan is a Turn-Key Prime Restaurant and Entertainment Space. Two stories, with 15 ft. of frontage on busy 18th St NW. Fixtures include hoods, gas grills, ovens, full bar, stainless kitchen sinks and coolers. Starbucks, McDonald’s and other popular restaurants are located within a 1/4 mile radius of the property. Excellent walk and transit score.
This Freestanding building in the heart of Adams Morgan is a Turn-Key Prime Restaurant and Entertainment Space. Two stories, with 15 ft. of frontage on busy 18th St NW. Fixtures include hoods, gas grills, ovens, full bar, stainless kitchen sinks and coolers. Starbucks, McDonald’s and other popular restaurants are located within a 1/4 mile radius of the property. Excellent walk and transit score.
| Space | Size | Space Use | Position | Available |
| Lower Level | 1,379 SF | Restaurant | - | Now |
| 1st Floor | 1,573 SF | Restaurant | - | Now |
| Mezzanine | 697 SF | Restaurant | - | Now |
Lower Level
| Size |
| 1,379 SF |
| Space Use |
| Restaurant |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size |
| 1,573 SF |
| Space Use |
| Restaurant |
| Position |
| - |
| Available |
| Now |
Mezzanine
| Size |
| 697 SF |
| Space Use |
| Restaurant |
| Position |
| - |
| Available |
| Now |
Lower Level
| Size | 1,379 SF |
| Space Use | Restaurant |
| Position | - |
| Available | Now |
This Freestanding building in the heart of Adams Morgan is a Turn-Key Prime Restaurant and Entertainment Space. Two stories, with 15 ft. of frontage on busy 18th St NW. Fixtures include hoods, gas grills, ovens, full bar, stainless kitchen sinks and coolers. Starbucks, McDonald’s and other popular restaurants are located within a 1/4 mile radius of the property. Excellent walk and transit score.
1st Floor
| Size | 1,573 SF |
| Space Use | Restaurant |
| Position | - |
| Available | Now |
This Freestanding building in the heart of Adams Morgan is a Turn-Key Prime Restaurant and Entertainment Space. Two stories, with 15 ft. of frontage on busy 18th St NW. Fixtures include hoods, gas grills, ovens, full bar, stainless kitchen sinks and coolers. Starbucks, McDonald’s and other popular restaurants are located within a 1/4 mile radius of the property. Excellent walk and transit score.
Mezzanine
| Size | 697 SF |
| Space Use | Restaurant |
| Position | - |
| Available | Now |
This Freestanding building in the heart of Adams Morgan is a Turn-Key Prime Restaurant and Entertainment Space. Two stories, with 15 ft. of frontage on busy 18th St NW. Fixtures include hoods, gas grills, ovens, full bar, stainless kitchen sinks and coolers. Starbucks, McDonald’s and other popular restaurants are located within a 1/4 mile radius of the property. Excellent walk and transit score.
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 2551-0811 | Total Assessment | $1,656,870 |
| Land Assessment | $926,100 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $730,770 | Tax Year | 2024 |
PROPERTY TAXES
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Washington Heights | 2434 18th St NW
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