1723 Connecticut Ave NW - Storefront FOR SALE


Washington, DC 20009- Dupont Circle
$2,600,000 USD
1723 Connecticut Ave NW, Washington, DC for Sale
$2,600,000 USD
Storefront - FOR SALE
1/17
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1723 Connecticut Ave NW
Washington, DC 20009
Dupont Circle


OVERVIEW

1723 Connecticut Avenue NW presents a rare mixed-use investment and owner-user opportunity in the heart of Washington, DC's highly sought-after Dupont Circle neighborhood. Situated along one of the city's premier commercial corridors and within a short walk of the Dupont Circle Metro Station, the property combines stable in-place income with immediate value-add potential. The approximately 6,020-square-foot building consists of retail and residential components across three stories plus a lower level and loft. The lower level and first floor, totaling approximately 3,037 square feet, are currently vacant and configured as a second-generation restaurant space featuring existing hood vent and bar infrastructure. The layout offers an opportunity for a multi-level restaurant, bar, hospitality, or retail concept, making the property attractive for owner-users seeking a flagship location in one of DC's most vibrant neighborhoods. The second floor is leased to a long-term retail tenant, while the third floor contains a renovated two-bedroom residential unit, providing immediate cash flow and offsetting income. Investors can capitalize on the opportunity to lease the vacant restaurant space at market rates, while owner-occupants can establish their business in a highly visible urban location with existing income from the upper floors. Offered at $2.6 million, 1723 Connecticut Avenue NW provides a compelling combination of location, flexibility, existing income, and future upside.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$432 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1927

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

MU-8B/DC

APN/PARCEL ID

0091-0034

ASK ABOUT THIS PROPERTY

Chris VondasAdvisoRE, LLCMore Info

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Chris VondasAdvisoRE, LLCMore Info

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