1734 Wisconsin AveWashington, DC 20007

Property Details for 1734 Wisconsin Ave

Year built

1923

Construction

BRICK

Lot size

0.03 AC

Property size (Sq ft)

1,350 SF

Zone code

MU-4

Property type

Turn key restaurants

APN

1298 0809

APU

12980809

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $402,033

  6.5%

  $371,108

  7%

  $344,600

• Comparable approach

  Method

  Valuation

  Relative Method

  $234,482

  Geo Method

  $234,482

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $726,863

  Mixed-Use / Specialty

  $368,505

  Hospitality / Lodging

  $268,694

  Office

  $364,983

  Institutional / Educational

  $382,639

  Residential Income

  $447,688

  Multifamily

  $544,027

  Automotive / Energy

  $327,977

  Parking / Income-Based Land

  $114,445

  Restaurant / Food Service

  $188,931

  Healthcare / Senior Housing

  $379,207

Location Insight

City

Washington

County

District Of Columbia

State

DC

Latitude

38.9146

Longitude

-77.0674

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].