Turnkey Restaurant/Bar on Georgia
5217 GEORGIA Ave NW Washington, DC 20011
5217 GEORGIA Ave NW, Washington, DC, 20011
$1,100,000
For Sale
$1,100,000
Fully built-out restaurant/bar with recent renovations in vibrant NW DC.
Property Size2,696 SF
Price / SF$408.01
Days on Market86
Property Features for 5217 GEORGIA Ave NW
General Information
- Standard status
- Active
- Size
- 2,696 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1923
Listing Agency
Keller Williams Capital Prop.
(240) 848-5138
Listed by
Martha Liriano · License #SP98377038
(240) 848-5138
Source
Elliman
Added: Apr 24 Checked: Jul 16 at 1:19 pm
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Capital Prop.
Investment Insights
Based on property information with market context.
Located along Georgia Avenue in Northwest Washington, DC, this 2,696 square foot, three-level building is suited for a restaurant, bar, lounge, or event venue. The property features three bar areas renovated in 2021, a commercial kitchen on the main level with a kitchen hood installed in 2024, and existing commercial refrigeration that conveys with the space. Recent exterior improvements include roof and rear siding updates. Zoned MU-4, the property supports a range of commercial uses, including restaurant, bar, lounge, or entertainment concepts. The layout allows for flexible operations across multiple levels, making it well-suited for operators seeking separate dining, bar, or private event spaces. Additional highlights include rear parking for staff and 1–2 on-site parking spaces. The property has visibility along Georgia Avenue with access to public transit and neighborhood amenities. The space is move-in ready and offers an opportunity for hospitality operators looking to establish a presence in a Northwest DC corridor. The bike score is 80, the walk score is 88, and the transit score is 75.
Key Highlights
- Fully built‑out three‑level restaurant/bar/lounge space (2,696 sq ft) ready for immediate occupancy.
- Prime location on Georgia Avenue in Northwest DC with high visibility and excellent walk, bike, and transit scores (88, 80, and 75 respectively).
- Includes three bar areas (renovated in 2021) and a commercial kitchen with a kitchen hood installed in 2024 and existing commercial refrigeration.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $97.1k | $36.00 |
| − Vacancy | −$3.9k | −$1.44 |
| EGI | $93.2k | $34.56 |
| − OpEx | −$23.3k | −$8.64 |
| NOI | $69.9k | $25.92 |
2,696 SF · lease $36.00/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$998.3K
$873.5K – $1.16M
NOI $69,880 @ 7.0% cap · market cap 6.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.39M
$1.22M – $1.62M
NOI $97,436 @ 7.0% cap · market cap 8.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Bars & Pubs
Similar For Sale Nearby
Similar Off Market Nearby
- DeGar's Catering — 622 Allison St NW, Washington, DC 20011
- Calderon Catering — 5747 13th St NW, Washington, DC 20011
- Gator On Wheels Caterers — Washington, DC 20011
- Three Friends Catering — 4203 16th St NW, Washington, DC 20011
- Catering By BenjamÃn INC — 5327 Georgia Ave NW, Washington, DC 20011
FAQs
What type of property is this?
Restaurant - Fully built-out restaurant/bar with recent renovations in vibrant NW DC.
Where is this restaurant located?
The property is located at 5217 GEORGIA Ave NW Washington, DC.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Fully built‑out three‑level restaurant/bar/lounge space (2,696 sq ft) ready for immediate occupancy.; Prime location on Georgia Avenue in Northwest DC with high visibility and excellent walk, bike, and transit scores (88, 80, and 75 respectively).; Includes three bar areas (renovated in 2021) and a commercial kitchen with a kitchen hood installed in 2024 and existing commercial refrigeration.
