Three-Level Restaurant
3217 Georgia Avenue Northwest, Washington, DC 20010
For Sale
Contact for pricing
Renovated restaurant property with bars, commercial kitchen, rooftop access, and multiple customer entrances along Georgia Avenue NW.
Property Size3,121 SF
Lot Size0.03 Acres
Price / SF$416.53
Days on Market117
Property Features for 3217 Georgia Avenue Northwest
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Road Access
Restaurant
Commercial Hood
Patio
Equipment Included
Additional Details
Sprinkler System
Amenities
dumbwaiter
Building Details
Year Built
Year Renovated
Buildings
Stories
Tenancy
Listing Agency:
Feldman Ruel
Listed By:
Ryan Smith · License DC SP98374805
From the agent's profile:
(813) 421-1220, (813) 875-3700
View profile
Source:
Crexi
Added: Jul 21
Changed: Nov 6
Last Checked: Nov 12 at 5:56AM
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 Feldman Ruel
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Investment Insights
Based on property information with market context.
This vacant restaurant property contains 3,121 square feet of leasable area across three levels on a 1,420-square-foot lot. Renovated in 2021, the building includes multiple bars, a full kitchen with hood system, five restrooms, seating areas, office space, and a dumbwaiter serving all three floors. Each level has an open layout, ceiling heights exceeding 10 feet, and sprinkler protection. Equipment associated with the restaurant operation is included.
Two access points address Georgia Avenue NW, while the upper floors can also be reached through an interior vestibule and stairwell. The second level opens onto the roof of the first level, creating the possibility for a future outdoor patio. Located at 3217 Georgia Avenue Northwest in Washington, D.C., the property carries NMU-4/GA zoning. The zoning permits use of untapped FAR for additions and allows another by-right use, including multifamily.
Two access points address Georgia Avenue NW, while the upper floors can also be reached through an interior vestibule and stairwell. The second level opens onto the roof of the first level, creating the possibility for a future outdoor patio. Located at 3217 Georgia Avenue Northwest in Washington, D.C., the property carries NMU-4/GA zoning. The zoning permits use of untapped FAR for additions and allows another by-right use, including multifamily.
Key Highlights
- 3,121 SF of leasable area across three levels
- 1,420‑square‑foot NMU‑4/GA‑zoned lot
- Renovated in 2021 with included restaurant equipment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,633
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,192,660
$1.2M
Cap Rate 7%
$851,900
$851.9K
Cap Rate 9%
$662,589
$662.6K
Market Conditions
NOI Build-Up for 3,121 SF
Gross rent
$82.4K $26.40/SF
− Vacancy
−$2.9K −$0.92/SF
EGI
$79.5K $25.48/SF
− OpEx
−$19.9K −$6.37/SF
NOI
$59.6K $19.11/SF
Area
Washington, DC
Vacancy
3.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,192,660
Cap Rate 7%
$851,900
Cap Rate 9%
$662,589
Alternative Uses
Best Use
Specialty Retail
$851.9K
$745.4K – $993.9K
NOI $59,633 @ 7.0% cap · market cap 4.59%
Second Best
Industrial
$449.4K
$393.3K – $524.3K
NOI $31,460 @ 7.0% cap · market cap 2.42%
Theoretical Best
Office A
$1.61M
$1.40M – $1.87M
NOI $112,374 @ 7.0% cap · market cap 8.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Sprinkler system
Yes
Paved road access
Yes
Commercial hood
Location Intelligence
Trade Area within ½ mile
5,303
Businesses Nearby
21k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 73%
Beauty & Spa 15%
Electronics 12%
BP
Shops & Services
8,046 visits/mo
0.2 miles
Bank of America
Shops & Services
4,955 visits/mo
0.2 miles
Ace Cash Express
Shops & Services
2,097 visits/mo
0.4 miles
Best Cuts
Beauty & Spa
1,956 visits/mo
0.5 miles
Cricket Wireless Authorized Retailer
Electronics
1,261 visits/mo
0.2 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Conventional restaurants in Washington
Vacancy Rate% for Retail in Washington, DC
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Renovated restaurant property with bars, commercial kitchen, rooftop access, and multiple customer entrances along Georgia Avenue NW.
Where is this conventional restaurant located?
The property is located at 3217 Georgia Avenue Northwest Washington, DC.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 3,121 SF of leasable area across three levels; 1,420‑square‑foot NMU‑4/GA‑zoned lot; Renovated in 2021 with included restaurant equipment
