The KLNB Urban sales team is thrilled to present an exceptional investment opportunity: the fee simple interest in 1721 & 1723 Columbia Road NW. The properties are located on highly trafficked Columbia Road, just a couple blocks from the 18th St retail corridor, in the heart of Adams Morgan. The buildings are being offered as a package and provide a combined total of 4,766 square feet. The buildings are located on separate parcels and encompass a combined land area of 3,170 square feet zoned MU-5A, providing a by-right FAR of 3.50.
Each 3-level building is currently occupied by a restaurant: El Miguelino Bar and Grill in 1721 Columbia, and Tex-Mex Restaurant in 1723. Both restaurants are owned by the same operator, providing ease of management, and both are on month-to-month leases providing flexibility and in-place cash flow to a new owner as they implement their business plan.