Unique retail building with a four-story restaurant space and endless renovation potential. The property possesses 5,304 square feet of space spread across its four stories and sits on a 0.07-acre parcel zoned NC-5. The building comes with a recent renovations two years ago that provided modern finishes and upgrades to the building. The exterior is a traditional brick with rows of windows allowing ample natural light. Additionally, an awning and patio add extra curb appeal to passing pedestrians. This asset is currently absentee owner occupied and will be delivered vacant opening many different redevelopment opportunities. The property can be turned into a high-end mixed-use asset with lower-level retail and Upper-level residential space. This renovation will open additional square footage pushing the asset closer to the 10,000 square-foot mark since zoning allows additional FAR. It could also be redeveloped into a high-end commercial or residential-only building with space for up to 9 condo or apartment units (subiect to appropriate zoning approvals) The property is steps from Woodley Park/Adams Morgan Metro Station and the Wardman Tower Luxury Condos. It is also a short five-minute walk from the Smithsonian National Zoo, a heavily visited tourist attraction. The property is nestled along a strip of residential and apartment housing, giving it easy access to local clientele while also being a short walk from the Omni Shoreham Hotel. This is an incredible investment or owner-user opportunity to acquire an ungraded retail asset in the D.C market. Property tours are available by appointment only.
* This payment calculator is intended for educational and planning purposes only. ** Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
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Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.