Mount Rainier Restaurant
4009 34th St, Mount Rainier, MD 20712
Two-story restaurant space in historic Mount Rainier Town Center.
Property size:
2,300 SFPrice / SF:
$282/SF- Added:
- Oct 26, 2024
- Days on Market:
- 583
- Last Refresh:
- May 23 at 7:38 am
Property Features for 4009 34th St
General Information
- Standard status
- Active
- Size
- 2,300 SF
Listing agent Langdon D Hample (202) 215-6095
Listing office Congressional Commercial , LLC (202) 215-6095
Listing date Oct 26, 2024
Source Exprealty
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 Congressional Commercial , LLC
HighLights
- Fully operational lower level with office, 1/2 bath, built‑in refrigeration, triple sink, and freezer space.
- Updated kitchen featuring new hood and exhaust system, grease trap, and multiple triple and hand sinks.
- Located in the historic Mount Rainier Town Center, known for walkable shops and vibrant arts.
- Zoning is L‑MUTC, permitting a wide variety of commercial uses.
- Features vintage 1930’s tin ceilings, original skylight, and bay windows.
- Served with 3‑phase power, natural gas, and municipal water and sewer.
Overview
Located in the historic Mount Rainier Town Center, the property at 4009 34th Street, Mount Rainier MD 20743 offers approximately 2,300 square feet across two levels. The building features a first-floor dining area and open kitchen/grille. The fully operational lower level includes an office, a half bath, built-in refrigeration, a triple sink, and additional freezer space. Most recently, the building was occupied by a fast-casual restaurant and catering business. The property is being repaired due to a fire in late 2024, and completion of these repairs will be a condition of closing. The building is equipped with 3-phase power, natural gas, and municipal water and sewer. The updated kitchen includes a new hood and exhaust system, grease trap, and multiple triple and hand sinks, with a half bath on each level. The main level features vintage 1930s tin ceilings, an original skylight, and bay windows. Zoned L-MUTC, the property allows for a variety of commercial uses. It is located off Rhode Island Avenue, near retailers, restaurants, City Hall, and bus stops, and is close to the MD/DC line at Eastern Avenue. The local area is serviced by WMATA Metro Bus lines with access to Metro’s Green Line.
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 | $78.1k | $33.96 |
| − Vacancy | −$8.9k | −$3.85 |
| EGI | $69.3k | $30.11 |
| − OpEx | −$17.3k | −$7.53 |
| NOI | $51.9k | $22.58 |
2,300 SF · lease $33.96/SF/yr · vacancy 11.34% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$742.0K
$649.2K – $865.6K
NOI $51,938 @ 7.0% cap · market cap 8.00%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Bros J Suya
Restaurant
Location Insight
- Map
- Local Demand
- City
- Mount Rainier
- County
- Prince George's
- State
- Maryland
- Longitude
- -76.9605972
- Latitude
- 38.9385461
Nearby Similar for Sale
FAQs
What type of property is this?
Conventional restaurant - Two-story restaurant space in historic Mount Rainier Town Center.
Where is this conventional restaurant located?
The property is located at 4009 34th St Mount Rainier, MD.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Fully operational lower level with office, 1/2 bath, built‑in refrigeration, triple sink, and freezer space.; Updated kitchen featuring new hood and exhaust system, grease trap, and multiple triple and hand sinks.; Located in the historic Mount Rainier Town Center, known for walkable shops and vibrant arts.
