3124 Georgia Avenue Northwest Washington, DC 20010
Restaurant space with built-out improvements on the Georgia Avenue corridor for quick concept transition and strong street visibility.
Property Features for 3124 Georgia Avenue Northwest
General Information
- Standard status
- Active
- Size
- 4,479 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1912
Listing office Marcus & Millichap
Listing date Jun 15, 2026
Source Crexi
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Investment Insights
Based on property information with market context.
The restaurant is located along the Georgia Avenue corridor in Washington, DC, where it benefits from a highly visible street presence. The property is positioned to capture consistent pedestrian and vehicular traffic, supporting an active, street-facing dining environment.
The existing improvements and operational infrastructure make the space well suited for operators looking to open a new concept without rebuilding core restaurant systems. It is also a strong fit for investors or tenants seeking flexible transaction terms for a restaurant asset in an area characterized by a dense residential base, ongoing multifamily development, and additional retail expansion that supports experiential dining and nightlife concepts.
Key Highlights
- Built in 1912 restaurant asset with existing restaurant infrastructure
- Restaurant space includes built‑out improvements, layout, and key improvements for a concept transition
- Located along the Georgia Avenue corridor with strong street presence and visibility
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 | $118.2k | $26.40 |
| − Vacancy | −$4.1k | −$0.92 |
| EGI | $114.1k | $25.48 |
| − OpEx | −$28.5k | −$6.37 |
| NOI | $85.6k | $19.11 |
