Three-Level Restaurant and Bar
For Sale
Contact for pricing
3209 MOUNT PLEASANT STREET NW, Washington, DC 20010
Existing dining areas, commercial kitchen infrastructure, and lower-level storage support restaurant operations.
Property Size1,908 SF
Price / SF$3.67
Days on Market52
Property Features for 3209 MOUNT PLEASANT STREET NW
General Information
Standard status
Active
Size
1,908 SF
Property subtype
Commercial
Restaurant
Commercial Hood
Yes
Equipment Included
Yes
Building Details
Year Built
1909
Stories
3
Listing Agency:
KW United
(703) 533-1500
Listed By:
Ibteesam Al slimawy · License #SP200201840
(571) 225-5652
Source:
Cummingsrealtors
Added: Aug 31
Changed: Oct 19
Last Checked: Oct 19 at 11:26AM
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 KW United
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Investment Insights
Based on property information with market context.
Built in 1909, this 1,908-square-foot restaurant property spans three functional levels. The upper floors were configured for dining, while the lower level provides storage and room for an industrial-grade refrigerator. Existing kitchen improvements include an approximately 10-foot exhaust hood, gas range, and additional restaurant equipment and appliances.
The property is positioned along Mount Pleasant Street in Washington, DC, within an active retail corridor and a high-density residential setting. Its location provides exposure to the surrounding neighborhood and direct access from the street. The physical configuration and existing restaurant infrastructure offer a base for a new dining concept or an expanding operator, subject to verification of condition, permits, licenses, square footage, and permitted uses.
The property is positioned along Mount Pleasant Street in Washington, DC, within an active retail corridor and a high-density residential setting. Its location provides exposure to the surrounding neighborhood and direct access from the street. The physical configuration and existing restaurant infrastructure offer a base for a new dining concept or an expanding operator, subject to verification of condition, permits, licenses, square footage, and permitted uses.
Key Highlights
- 1,908‑square‑foot restaurant property built in 1909
- Three functional levels with dining areas on the upper floors
- Lower‑level storage area with space for an industrial‑grade refrigerator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,233
Suggested Prices Based on Cap Rates
Cap Rate 5%
$384,660
$384.7K
Cap Rate 7%
$274,757
$274.8K
Cap Rate 9%
$213,700
$213.7K
Market Conditions
NOI Build-Up for 1,908 SF
Gross rent
$28.6K $15.00/SF
− Vacancy
−$1.1K −$0.60/SF
EGI
$27.5K $14.40/SF
− OpEx
−$8.2K −$4.32/SF
NOI
$19.2K $10.08/SF
Area
Washington, DC
Vacancy
4.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$384,660
Cap Rate 7%
$274,757
Cap Rate 9%
$213,700
Alternative Uses
Best Use
Specialty Retail
$520.8K
$455.7K – $607.6K
NOI $36,456 @ 7.0% cap · market cap 520.80%
Second Best
Industrial
$274.8K
$240.4K – $320.6K
NOI $19,233 @ 7.0% cap · market cap 274.76%
Theoretical Best
Office A
$981.4K
$858.7K – $1.14M
NOI $68,699 @ 7.0% cap · market cap 981.41%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
2,602
Businesses Nearby
129k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 41%
Groceries 36%
Electronics 22%
Dining 2%
Giant
Groceries
45,769 visits/mo
0.3 miles
7-Eleven
Shops & Services
25,739 visits/mo
0.4 miles
Best Buy
Electronics
23,961 visits/mo
0.3 miles
Exxon
Shops & Services
13,952 visits/mo
0.4 miles
Nationwide Insurance
Shops & Services
4,153 visits/mo
0.4 miles
Demographics for 20010, DC
32,663
Population
15,917
Households
2.1
Avg Household Size
33
Median Age
67%
College-Educated
87%
High-School Grad
1.0 sq mi
ZIP Area
32,663
Density / Sq Mi
$110,260
Median Household Income
$81,834
Median Earnings
$1,815
Median Rent
$868,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Washington, DC
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Existing dining areas, commercial kitchen infrastructure, and lower-level storage support restaurant operations.
Where is this conventional restaurant located?
The property is located at 3209 MOUNT PLEASANT STREET NW Washington, DC.
What are key features of this property?
This property features: 1,908‑square‑foot restaurant property built in 1909; Three functional levels with dining areas on the upper floors; Lower‑level storage area with space for an industrial‑grade refrigerator
