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1564 Wisconsin Ave NW
Washington, DC 20007
Retail Property For Sale


INVESTMENT HIGHLIGHTS
- Fully built-out restaurant with patio seating potential.
- 120 new business opened since 2021 in Georgetown.
- Strong demographics $177k average household income.
- Prime location along the desirable Georgetown corridor.
- $2.1M average home sale prices in 2024.
- 349,413 population within 3 miles.
EXECUTIVE SUMMARY
On behalf of ownership, Marcus & Millichap is pleased to present the opportunity to acquire a mixed-use building in Georgetown, one of Washington, DC’s most sought-after corridors. This 2,587-square-foot property features a fully built-out restaurant on the first floor and recently renovated retail/office space on the second floor. Perfectly positioned along highly trafficked Wisconsin Avenue, the property offers exceptional visibility and versatility—ideal to continue as a restaurant or to be adapted for other retail or office uses. With a Walk Score of 98 (“Walker’s Paradise”), the location provides unmatched pedestrian accessibility. The ground floor is currently occupied by Los Cuates, a popular local Mexican restaurant chain. Los Cuates has additional locations in Old Town Alexandria and Falls Church. The restaurant owners have decided to close all locations, so this property can be delivered empty with an immediate opportunity to lease with a new tenant.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,985 SF
Building Class
B
Year Built
1926
Price
$1,800,000
Price Per SF
$603.02
Cap Rate
6.47%
NOI
$116,460
Tenancy
Single
Building Height
2 Stories
Building FAR
1.01
Lot Size
0.07 AC
Zoning
MU-4 - 067 - Commercial- Restaurant
Frontage
23’ on Wisconsin Ave NW
AMENITIES
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 1272-0814 | Improvements Assessment | $316,160 |
| Land Assessment | $1,013,500 | Total Assessment | $1,329,660 |
PROPERTY TAXES
Parcel Number
1272-0814
Land Assessment
$1,013,500
Improvements Assessment
$316,160
Total Assessment
$1,329,660
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