Description
Unique retail building with a four-story restaurant space and endless renovation potential. The property possesses 5,304 square feet of space spread across its four stories and sits on a 0.07-acre parcel zoned NC-5. The building comes with a recent renovations two years ago that provided modern finishes and upgrades to the building. The exterior is a traditional brick with rows of windows allowing ample natural light. Additionally, an awning and patio add extra curb appeal to passing pedestrians. This asset is currently absentee owner occupied and will be delivered vacant opening many different redevelopment opportunities. The property can be turned into a high-end mixed-use asset with lower-level retail and Upper-level residential space. This renovation will open additional square footage pushing the asset closer to the 10,000 square-foot mark since zoning allows additional FAR. It could also be redeveloped into a high-end commercial or residential-only building with space for up to 9 condo or apartment units (subiect to appropriate zoning approvals)
The property is steps from Woodley Park/Adams Morgan Metro Station and the Wardman Tower Luxury Condos. It is also a short five-minute walk from the Smithsonian National Zoo, a heavily visited tourist attraction. The property is nestled along a strip of residential and apartment housing, giving it easy access to local clientele while also being a short walk from the Omni Shoreham Hotel.
This is an incredible investment or owner-user opportunity to acquire an ungraded retail asset in the D.C market. Property tours are available by appointment only.
Location
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Courtesy of: Samson Properties Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 4th February, 2023 2:38 PM (UTC)
