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7307 Georgia Ave NW 3,332 SF Retail Building Washington, DC 20012 $1,350,000 ($405.16/SF) 8.60% Cap Rate
Investment Highlights
- Second Generation Restaurant.
- Close Proximity to Whole Foods
- 2 Bathrooms on 1st floor / 1 bathroom on 2nd floor
- Bar, Lounge, Restaurant Ready!
- Commercial Kitchen
- Basement for Storage
Executive Summary
Unique opportunity to own a second generation restaurant on vibrant Georgia Avenue. First Floor recently operated as a Restaurant, Bar and Lounge. Fully usable basement for storage. Second Floor has an open floorplan with separate entrance on Georgia Ave.
Several mixed use and residential multi-family developments have been completed across the street and on this block. Property is one block north of the 66 acre Walter Reed Mixed Use Development. The close proximity to Whole Foods and high visibility and vibrant activity on Georgia Ave makes this an attractive location for any business or development.
Several mixed use and residential multi-family developments have been completed across the street and on this block. Property is one block north of the 66 acre Walter Reed Mixed Use Development. The close proximity to Whole Foods and high visibility and vibrant activity on Georgia Ave makes this an attractive location for any business or development.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,332 SF
Building Class
C
Year Built
1927
Price
$1,350,000
Price Per SF
$405.16
Cap Rate
8.60%
NOI
$116,100
Tenancy
Single
Building Height
2 Stories
Building FAR
1.91
Lot Size
0.04 AC
Opportunity Zone
Yes
Zoning
MU-4
Frontage
15’ on Georgia Ave NW
Amenities
- 24 Hour Access
- Signage
- Signalized Intersection
- Storage Space
- Air Conditioning
Moderately walkable
70/100
Very drivable
80/100
Strong public transit
80/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2964-0028 | Improvements Assessment | $419,990 |
| Land Assessment | $247,620 | Total Assessment | $667,610 |
Property Taxes
Parcel Number
2964-0028
Land Assessment
$247,620
Improvements Assessment
$419,990
Total Assessment
$667,610
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Presented by
TG Associates
7307 Georgia Ave NW
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