5117 MacArthur Blvd NW
Washington, DC 20016
Retail Property For Sale

The Feldman Group of Marcus & Millichap is pleased to present the exclusive offering of 5117 MacArthur Boulevard NW in the affluent Palisades neighborhood of Washington, D.C. This offering represents and extremely rare opportunity to acquire a retail/office building along the MacArthur Boulevard commercial corridor, which runs through the middle of the neighborhood. The owner has operated out of the building for more than thirty years and will vacate its unit upon sale. This creates an ideal opportunity for an investor to reposition the asset, or for an owner/user to occupy that space and benefit from the additional income generated by the other two tenants. The building itself is three stories, totals 2,924 square feet of rentable space, and is situated on a 2,440-square-food lot. It is comprised of three units with the rear unit being delivered vacant. The other two units are occupied by Chen's Gourmet which has been a tenant since 1986, and the Ashtanga Yoga Studio which opened in 2012. The building has undergone a few renovations during the current ownership, most recently in 2012 and 2016. Those latest renovations included a new roof, floors, windows, HVAC, lighting, kitchen, and bathrooms. The subject property also offers alley access at the rear of the lot for the two onsite parking spaces, loading, and trash service. The Palisades neighborhood is located in the Northwest quadrant of the District of Columbia. The neighborhood is home to upscale estates and scenic parks, as well as being a wealthy and affluent community. MacArthur Boulevard NW serves as the Palisades' commercial corridor, with offices, restaurants, and retail dotting the tree-lined street.