1042 Wisconsin Ave NW - Storefront Retail/Office FOR SALE


Washington, DC 20007- Georgetown | 
$6,650,000 USD
202-318-6833
1042 Wisconsin Ave NW, Washington, DC for Sale
$6,650,000 USD
Storefront Retail/Office - FOR SALE
1/9
null | Request Cap Rate

1042 Wisconsin Ave NW
Washington, DC 20007
Georgetown


HIGHLIGHTS

  • Located Less 500 Feet from Georgetown’s Main Intersection
  • 49.5 Feet of Frontage Along one of Georgetown’s Main Commercial Corridors
  • Full- or Partial-User Optionality | Both Levels Accessible from Wisconsin Avenue NW
  • Current Tenant on a 1-Year Renewal Through December of 2027
  • Substantially Renovated in 2016 | New 2nd-Level HVAC in 2026
  • Incredibly Strong Retail Submarket | Excellent Demographics with 14M+ Visitors & 57 New Businesses Reported Last Year

OVERVIEW

Feldman Ruel is pleased to exclusively offer for sale 1042 Wisconsin Avenue NW, a two-level, 8,400-square-foot retail property in the heart of Georgetown, one of the most supply-constrained and enduring retail submarkets in the Washington, D.C. area. The property is currently leased to SoulCycle at a below-market rent through the end of 2027. With the tenant not renewing, a purchaser inherits a defined, near-term window to retenant the asset at market rent, either to a single user across both levels or independently by level. This full- or partial-user optionality, combined with 49.5 feet of street frontage and its location less than 500 feet from Georgetown’s main intersection, positions 1042 Wisconsin Avenue NW to appeal to a broad range of prospective users as well as traditional investors. The offering is further supported by Georgetown's ongoing retail renaissance, evidenced by institutional capital commitments, record visitation, and marquee tenant leasing activity from brands including Uniqlo, Suit Supply, Google, and Ikea.

FOR SALE DETAILS

PRICE

$6,650,000 USD

PRICE/SF

$792 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1880

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,455 SF

ZONING

MU-12

APN/PARCEL ID

1188-0113

ASK ABOUT THIS PROPERTY

Josh FeldmanFeldman RuelMore Info
202-318-6833

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Josh FeldmanFeldman RuelMore Info
202-318-6833

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.