1389 Quincy St NW - Restaurant FOR SALE


Washington, DC 20011- Petworth
$1,450,000 USD
703-836-1116
1389 Quincy St NW, Washington, DC for Sale
$1,450,000 USD
Restaurant - FOR SALE
1/5
null | 3.89% Cap Rate

1389 Quincy St NW
Washington, DC 20011
Petworth


HIGHLIGHTS

  • Excellent MU-4 (Mixed Use) Zoning - Allows Many Commercial / Retail Uses
  • High Visibility Location at Corner of 14th St NW & Quincy St. NW
  • Month-To-Month Leases - Flexibility - Suited For Investor or Owner/User

OVERVIEW

Arlington Realty, Inc. / Virginia Smith as exclusive agent, is pleased to offer the opportunity to acquire a Prime mixed-use building in the heart of the sought after Petworth neighborhood, along the busy retail-commercial corridor of 14th St. NW. PRICE IMPROVEMENT - Reduced $200K. Corner lot with frontage on 14th St. NW and on Quincy St. NW. Built out for restaurant / carry out on the first floor with a large outdoor patio dining space. Above the restaurant on the 2nd and 3rd levels are two 1 br. / 1 ba. apartments, including a large deck off the rear of the 2nd level . Tax record indicates 2,019 SF, but seller estimates approx. 2,300 SF. Zoned MU-4. There could be potential to add another level: max. building height = 50 ft.; max FAR = 2.5 (residential) or 1.5 (non-residential). Lease for 1st/2nd level is month-to-month, so property could be delivered vacant, or the new owner can renegotiate the lease. 3rd floor apartment is vacant. Excellent location with heavy foot and vehicle traffic, surround by shops, cafes, pubs, restaurants, and residential. Approx. 4 blocks to the Georgia Ave.-Petworth Metro station and 6 blocks to Columbia Heights Metro.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$630 USD /SF

CAP RATE

3.89%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1907

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,438 SF

ZONING

MU-4

APN/PARCEL ID

2825-0033

ASK ABOUT THIS PROPERTY

Virginia SmithArlington Realty, Inc.More Info
703-836-1116

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Virginia SmithArlington Realty, Inc.More Info
703-836-1116

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