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1823 M St NW 6,460 SF Retail Building Washington, DC 20036 $3,600,000 ($557.28/SF) 6% Cap Rate
Investment Highlights
- Fully leased, long-standing nightclub/bar generating stable income
- MU-9B/DC zoning supports high-density mixed-use development
- Rare opportunity with both immediate cash flow and long-term investment upside
- Prime Dupont Circle location in DC’s Golden Triangle with high visibility and foot traffic
- Structured annual rent escalations providing predictable, growing returns
Executive Summary
Located in the heart of Washington, DC’s Golden Triangle, 1823 M Street NW is a premier investment opportunity. The four-story, 6,400+ sqft building is tenant-occupied under a Triple Net (NNN) lease with approximately five years remaining, providing predictable, management-free income with annual escalations. The property features two levels of hospitality space, including lounges, a commercial kitchen, and multiple bar build-outs, plus four apartment-style units on the upper floors. This flexible configuration allows for a variety of uses, from maintaining the current entertainment/dining format to converting upper levels to residential, boutique office, or extended hospitality. Prime location, strong market fundamentals, and long-term repositioning potential make this a rare opportunity in the DC commercial market.
Property Facts Under Contract
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Bar
Building Size
6,460 SF
Building Class
B
Year Built
1889
Price
$3,600,000
Price Per SF
$557.28
Cap Rate
6%
NOI
$216,000
Tenancy
Single
Building Height
4 Stories
Building FAR
2.97
Lot Size
0.05 AC
Zoning
MU-9B - Mixed-use zoning allowing medium/high-density residential with ground-floor retail, office, or service uses in urban centers.
Frontage
20’ on M Street Northwest
Amenities
- Signage
Exceptionally walkable
100/100
Moderately drivable
70/100
Exceptional public transit
100/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0139-0007 | Improvements Assessment | $1,176,800 |
| Land Assessment | $1,427,180 | Total Assessment | $2,603,980 |
Property Taxes
Parcel Number
0139-0007
Land Assessment
$1,427,180
Improvements Assessment
$1,176,800
Total Assessment
$2,603,980
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1823 M St NW
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