1604-1608 Rhode Island Ave NE 4,513 SF 8% Leased Retail Building Washington, DC 20018 $2,500,000 ($553.96/SF)
EXECUTIVE SUMMARY
This mixed use property has a second generation restaurant with a huge kitchen and walk in refrigerator and freezer on the first floor. Perfect for a restaurant owner who wants to own rather than lease their space!
Retail level has two entrances so it can be divided into a carry-out restaurant and separate retail space that can be leased our or it can be seating for a restaurant.
The basement level has bathrooms and additional storage for the restaurant.
The second floor can be office or residential. It is currently a 5 bedroom apartment which could use some updating.
https://www.capitalinvestmentllc.com/
Retail level has two entrances so it can be divided into a carry-out restaurant and separate retail space that can be leased our or it can be seating for a restaurant.
The basement level has bathrooms and additional storage for the restaurant.
The second floor can be office or residential. It is currently a 5 bedroom apartment which could use some updating.
https://www.capitalinvestmentllc.com/
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,513 SF
Building Class
C
Year Built
1940
Price
$2,500,000
Price Per SF
$553.96
Percent Leased
8%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.48
Lot Size
0.07 AC
Zoning
MU-4 - Mixed-Use designation that allows for a combination of residential, commercial, and sometimes light industrial uses.
Frontage
49’ on Rhode Island Ave
AMENITIES
- Restaurant
- Security System
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
This mixed use property has a second generation restaurant with a huge kitchen and walk in refrigerator and freezer on the first floor. Perfect for a restaurant owner who wants to own rather than lease their space! Retail level has two entrances so it can be divided into a carry-out restaurant and separate retail space that can be leased our or it can be seating for a restaurant. The basement level has bathrooms and additional storage for the restaurant. The second floor can be office or residential. It is currently a 5 bedroom apartment which could use some updating. https://www.capitalinvestmentllc.com/
- 2nd Floor
- 1,481 SF
- Office/Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 2,651 SF | Retail | - | Now |
| 2nd Floor | 1,481 SF | Office/Retail | - | Now |
1st Floor
| Size |
| 2,651 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
2nd Floor
| Size |
| 1,481 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
Walk Score®
Very Walkable (85)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 4132-0804 | Improvements Assessment | $565,200 |
| Land Assessment | $312,540 | Total Assessment | $877,740 |
