3124 Georgia Ave NW - Storefront Retail/Office FOR SALE


Washington, DC 20010- Park View
$2,250,000 USD
818-519-1429
3124 Georgia Ave NW, Washington, DC for Sale
$2,250,000 USD
Storefront Retail/Office - FOR SALE
1/22
null | Request Cap Rate

NEW


3124 Georgia Ave NW
Washington, DC 20010
Park View


HIGHLIGHTS

  • Turnkey Restaurant with a fully equipped commercial kitchen, including hood, grease trap, and all existing restaurant equipment in place
  • Ideal Owner-User Opportunity to establish or expand their restaurant or hospitality concept in Washington DC.
  • Prime Petworth Location on Georgia Avenue NW one of Washington DC's primary north-south commercial corridors
  • Charming Building with Character
  • Flexible MU-4 Zoning
  • Strong DC Market Fundamentals

OVERVIEW

Matthew Luchs and Matthew Ambrose with Zacuto Group, in partnership with Bang Realty are pleased to exclusively present 3124 Georgia Avenue NW, a ±4,479 square foot single-tenant retail asset on ±3,575 square feet of land, strategically positioned in the heart of Petworth, one of Washington, DC’s most dynamic and rapidly evolving neighborhoods. Purpose-built and currently configured as a turnkey restaurant, the property was formerly occupied by Reign Restaurant & Lounge DC and will be delivered fully vacant, offering immediate usability for an owner-user or a high-upside repositioning opportunity for an investor. Offered for sale or lease, the asset provides rare flexibility in a supply-constrained market. The existing restaurant infrastructure, including buildout, layout, and key improvements, enables a seamless transition into a new food and beverage concept, materially reducing downtime, upfront capital expenditures, and execution risk. Located along the highly trafficked Georgia Avenue corridor, the property commands excellent visibility, strong street presence, and consistent pedestrian and vehicular traffic. The surrounding area is supported by a dense and growing residential base, with continued multifamily development and retail expansion driving sustained demand for experiential dining and nightlife concepts. 3124 Georgia Avenue NW represents a rare opportunity to acquire or lease a true plug-and-play restaurant asset in a high-growth corridor, with the fundamentals, infrastructure, and location to support both immediate activation and long-term value creation

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$502 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

1912

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

C2A

APN/PARCEL ID

2891-0114

ASK ABOUT THIS PROPERTY

Matthew LuchsZacuto GroupMore Info
818-519-1429

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Matthew LuchsZacuto GroupMore Info
818-519-1429

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