The Offering

Summary

  • List Price $1,700,000
  • Most Recent Use 2nd-Generation Restaurant
  • Gross Building Area 3,121 SF
  • Occupancy 0%
  • Lot Size 1,420 SF
  • Zoning NMU-4/GA

Investment Summary

Feldman Ruel is pleased to exclusively offer for sale 3217 Georgia Avenue NW; a second-generation restaurant located along the bustling Georgia Avenue corridor in the Park View neighborhood of Washington, D.C., bordering Columbia Heights. Delivered vacant, the subject property is well suited for either an investor or user due to the turn-key condition and recent capital improvements of more than $1,000,000, including state-of-the-art restaurant equipment. 3217 Georgia Avenue NW consists of 3,121 square feet of leasable area across three levels, situated on a 1,420-square-foot, NMU-4/GA-zoned lot. Fully renovated in 2021, the subject property was thoughtfully designed for a restaurant, lounge, or café to welcome guests via two access points fronting along Georgia Avenue NW. The first level has its own bar with space for seating, one restroom, and a full kitchen with a hood system. There is also a dumbwaiter that is accessible on all three levels. The second and third levels can be utilized independently through a second access point or by way of the vestibule connecting the first level to the stairwell leading to the upper levels. The second level has a full bar, one restroom, a small office, and outdoor access to the roof of the first level, whereby a potential outdoor patio could be built. The third level includes a bar, two restrooms, and additional seating. Each level has a single point of access and is fully sprinklered for smoke and fire protection.

Investment Highlights

• 2nd-Generation Restaurant Space with Multiple Bars & Dining Rooms

• Rapidly Developing Submarket with Strong Base of Retail Operators

• 5 Blocks North of Howard University | ~19,000 Students, Faculty, & Staff
• Less than 1 Mile from the Columbia Heights Metrorail Station | 8,105 Riders per Day

• Heavily Trafficked Commercial Corridor | 14,944 VPD

• Located Along a Great Streets Corridor | Grant Eligibility up to $80,000

Listing Agents