Description

CALL FOR OFFERS - AUGUST 26th - BRING ALL OFFERS - This historic retail asset was originally opened as the Dumbarton in 1913 and designed by architect William Nichols. It was first used as a playhouse and shortly afterwards began showing movies. Renamed the Georgetown in 1947, it was remodeled to reflect the Streamline Moderne style which was popular at the time. A local landmark for years and years, the marquee with the name "Georgetown" in lights would be one of the first things to welcome visitors to the neighborhood as they drove over the hill on Wisconsin Avenue heading down towards M Street NW.
For the last few decades it has been home to The National Jewel Center of Georgetown but will be delivered vacant. 1351 Wisconsin Avenue sits at the T-intersection of O Street NW.

Street-level retail rental rates in Georgetown typically range from $50 - $125 per square foot. With some renovation a savvy investor could achieve substantial income from this historic asset which boasts more than 32 feet of frontage on Wisconsin Avenue.

Georgetown is known worldwide for its high-end retail and restaurants. While historic Georgetown is one of Washington D.C.'s most popular tourism destinations, it is also home to many of the Washington elite. This mid-18th century colonial village which was originally a port town named for King George II has managed through the centuries to maintain the feel with which it was originally designed. The original homes and commercial buildings have been remarkably well maintained and this same historic charm that brought residents like John F. Kennedy and wife Jackie in the 1950's has allowed the area to grow into Washington D.C.'s most desirable neighborhood. Over the last few decades Georgetown has become the premier destination for high-end retail in the Mid-Atlantic region due to the affluence of its residents as well as its wide appeal for both foreign and domestic tourism.