For Sale
$1,929,900

1734 Wisconsin AveWashington, DC 20007

Prime Georgetown location, high-income area.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional mixed-use property at 1734 Wisconsin Ave NW, Washington, DC 20007, presents a compelling value-add investment opportunity. The 2,500 square foot building, constructed in 1923 and renovated in 2010, boasts a Class A designation and currently houses the Shanghai Lounge, a fully operational restaurant with a 7-year lease commencing February 28, 2023, and expiring February 28, 2030. The restaurant occupies both floors, offering seating for 50 patrons (20 on the first floor and 30 on the second). Additional space on the second floor could be used for office or residential purposes. A lower level provides storage and a bathroom. The property includes one parking space. The building features masonry construction and is zoned MU-4. Its prime location in Georgetown offers excellent visibility and high foot traffic, benefiting from proximity to Embassy Row, Georgetown University, American University, George Washington University, and numerous attractions. The sale includes a full liquor license. The asking price is $1,929,900 ($771.96/sq ft). Note: Approximate 2013 business revenue was $500,000/year. Confidentiality is required. Lot size is 0.03 acres.

Highlights

  • Excellent access and visibility in prime Georgetown location.
  • One parking space.
  • Close proximity to Embassy Row, Georgetown University, American University, and George Washington University.
  • Includes a full liquor license.
  • Fully operational restaurant with a 7-year lease (Feb 28, 2023 - Feb 28, 2030), no key money.
  • MU-4 zoning.

Property Details for 1734 Wisconsin Ave

Property type
Retail properties, Restaurants
Square Feet
2,500 SF
Class
A
Year Built/Renovated
1923/2010
Buildings
1
Stories
2
Lot Size (sq. ft)
1,307 SF

Location Insight

City
Washington
County
District Of Columbia
State
District of Columbia
Latitude
38.9145598
Longitude
-77.0673182
1734 Wisconsin Ave, Washington, District of Columbia

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1734 Wisconsin Ave
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