Georgetown Retail and Office
1620 Wisconsin Ave Nw, Washington, DC 20007
For Sale
$2,500,000
Move-in ready retail/office townhouse in the heart of Georgetown.
Property Size3,800 SF
Lot Size0.03 Acres
Price / SF$657.89
Days on Market261
Property Features for 1620 Wisconsin Ave Nw
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Amenities
Business District
Road Frontage
Building Details
Year Built
Listing Agency:
THE GENAU GROUP, LLC.
(202) 735-5382
Listed By:
FLETCHER DAVID GILL · License DC #0225188558
Source:
Corcoran
Added: Feb 26
Changed: Aug 24
Last Checked: Aug 14 at 6:01AM
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 THE GENAU GROUP, LLC.
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Investment Insights
Based on property information with market context.
Located on Wisconsin Avenue NW, this three-story townhouse offers a rare opportunity in Georgetown. The property, offered for sale, features approximately 3,800 square feet of space on a 1,307-square-foot lot. Zoned MU-4, the building provides flexibility for various retail, medical, or office uses. The property includes approximately 3,000 square feet across two main floors, along with an additional 800 square feet of finished basement space, allowing for efficient layouts and multiple configuration options. Upgrades include central air, a new boiler, and exterior security cameras. Situated along Wisconsin Avenue, the property benefits from exposure to approximately 16,090 vehicles passing daily, as well as foot traffic and access to public transportation, the Georgetown Waterfront, Francis Scott Key Bridge, and major commuter routes. The location is ideal for an owner-occupant seeking a high-visibility presence. The property is located in one of DC’s established neighborhoods.
Key Highlights
- Prime Georgetown Location: Highly visible position on Wisconsin Avenue.
- Flexible MU‑4 Zoning: Supports retail, medical, and office uses.
- Move‑In Ready Condition: Includes central air, new boiler, and security cameras.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$120,658
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,413,160
$2.4M
Cap Rate 7%
$1,723,686
$1.7M
Cap Rate 9%
$1,340,644
$1.3M
Market Conditions
NOI Build-Up for 3,800 SF
Gross rent
$191.5K $50.40/SF
− Vacancy
−$30.6K −$8.06/SF
EGI
$160.9K $42.34/SF
− OpEx
−$40.2K −$10.58/SF
NOI
$120.7K $31.75/SF
Area
Washington, DC
Vacancy
16.00%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,413,160
Cap Rate 7%
$1,723,686
Cap Rate 9%
$1,340,644
Alternative Uses
Best Use
Office B
$1.72M
$1.51M – $2.01M
NOI $120,658 @ 7.0% cap · market cap 4.83%
Second Best
Retail
$871.0K
$762.1K – $1.02M
NOI $60,967 @ 7.0% cap · market cap 2.44%
Theoretical Best
Office A
$1.95M
$1.71M – $2.28M
NOI $136,822 @ 7.0% cap · market cap 5.47%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
5,031
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 20007, DC
26,827
Population
13,583
Households
2
Avg Household Size
35
Median Age
87%
College-Educated
98%
High-School Grad
3.1 sq mi
ZIP Area
8,654
Density / Sq Mi
$142,783
Median Household Income
$93,107
Median Earnings
$2,066
Median Rent
$1,202,900
Median Home Value
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Market
Average Price Trend$/SF for Storefront properties in Washington, DC
Properties on Market for Storefront properties in Washington
Vacancy Rate% for Office in Washington, DC
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Frequently Asked Questions
What type of property is this?
Storefront property - Move-in ready retail/office townhouse in the heart of Georgetown.
Where is this storefront property located?
The property is located at 1620 Wisconsin Ave Nw Washington, DC.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Prime Georgetown Location: Highly visible position on Wisconsin Avenue.; Flexible MU‑4 Zoning: Supports retail, medical, and office uses.; Move‑In Ready Condition: Includes central air, new boiler, and security cameras.
