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Renovated Multi-Level Restaurant
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438 Massachusetts Ave NW, Washington, DC 20001

Multi-level restaurant and bar property with a city-permitted patio option and potential for vacant delivery.

Property Size3,619 SF
Days on Market147

Property Features for 438 Massachusetts Ave NW

General Information

Standard status Active
Size 3,619 SF
Class B
Property subtype Retail
Zoning D4R
Occupancy 100%
Lease Type NNN
Investment Type Owner/User

Building Details

Tenancy Single
Listing Agency: AdvisoRE, LLC
Listed By: Alexander Alperstein · License #DC BR200201526
Source: Crexi
Added: Apr 6 Changed: Aug 30 Last Checked: Aug 30 at 7:06AM

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 AdvisoRE, LLC

Investment Insights

Based on property information with market context.

This 3,619-square-foot, renovated multi-level restaurant and bar occupies a standalone building at 438 Massachusetts Ave NW. The property can be delivered vacant, supporting owner occupancy or a new operating concept. An outdoor patio is available subject to city permitting.

The building sits within a walkable downtown setting near Capital One Arena and Gallery Place Metro, with surrounding residential buildings contributing nearby pedestrian activity. It also offers access to major city thoroughfares. The property is zoned D4R, which permits a maximum FAR of 4.5. The building formerly operated as a firehouse and was recognized as the oldest operating firehouse in DC for 95 years.

Key Highlights

  • 3,619‑square‑foot renovated multi‑level restaurant and bar building
  • Outdoor patio available with city permit
  • Can be delivered vacant for owner occupancy or a new operator

Property Analytics

Current Use

Present Company Public ... Restaurant

Suggested Use

Top Pick Tanning Salon Butcher (Bike/Boat/Book/etc) Store Clothing & Fashion Store Auto Parts Store Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

11,437
Businesses Nearby
112k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Hotels & Casinos 43% Groceries 25% Shops & Services 23% Dining 9%
Safeway Groceries
28,133 visits/mo 0.3 miles
Washington Marriott At Metro Center Hotels & Casinos
24,363 visits/mo 0.5 miles
TD Bank Shops & Services
11,904 visits/mo 0.2 miles
Hampton Inn Washington Downtown Convention Center Hotels & Casinos
6,622 visits/mo 0.2 miles
HSBC Shops & Services
6,258 visits/mo 0.2 miles

Demographics for 20001, DC

49,040
Population
26,728
Households
1.8
Avg Household Size
32
Median Age
78%
College-Educated
95%
High-School Grad
2.0 sq mi
ZIP Area
24,520
Density / Sq Mi
$138,730
Median Household Income
$94,675
Median Earnings
$2,464
Median Rent
$844,500
Median Home Value

Market

Vacancy Rate% for Retail in Washington, DC

4.9% 2019
5.4% 2020
5.6% 2021
4.8% 2022
4.6% 2023
4.2% 2024
4.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Multi-level restaurant and bar property with a city-permitted patio option and potential for vacant delivery.
Where is this conventional restaurant located?
The property is located at 438 Massachusetts Ave NW Washington, DC.
What are key features of this property?
This property features: 3,619‑square‑foot renovated multi‑level restaurant and bar building; Outdoor patio available with city permit; Can be delivered vacant for owner occupancy or a new operator
More about this property
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