Columbia Rd Portfolio Retail FOR SALE


Washington, DC - Lanier Heights
$2,275,000 USD
202-652-2334
, Washington, DC for Sale
$2,275,000 USD
Retail - FOR SALE
1/3
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Columbia Rd Portfolio
Washington, DC
Lanier Heights


HIGHLIGHTS

  • Two adjacent three-level buildings totaling 4,766 SF
  • Excellent opportunity for investment, owner/user, or developer
  • M-T-M tenancy with in-place income provides maximum flexibility to new owner
  • Development Potential: Zoned MU-5A (3.5 FAR) allows for additional density on site (no historical designation)
  • 30,000 residents earning $164,477 Avg. HH Income within a half mile
  • High traffic volume with 13,761 ADT on Columbia Road

OVERVIEW

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.

ASK ABOUT THIS PROPERTY

Vito LupoKLNBMore Info
202-652-2334

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Vito LupoKLNBMore Info
202-652-2334

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