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/

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
  • 1st Floor
  • 2,651 SF
  • Retail
  • -
  • Now

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

Jazzercise
Giant Food
Trader Joe's
Citi
Truist
TD Bank
Bank of America
Planet Fitness
MOM's - My Organic Market
Starbucks

PROPERTY TAXES

  • Listing ID: 34852409

  • Date on Market: 2/17/2025

  • Last Updated:

  • Address: 1604-1608 Rhode Island Ave NE, Washington, DC 20018