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    700 V St Washington, DC 20001

    Sponsored
    For Lease
    $49 SF/Yr

    Historic building, high visibility, 2,200 sq ft.

    Lot size:
    2,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2,200-square-foot restaurant space at 700 V St NW, Washington, DC 20001, presents a rare opportunity. Built in 1974 and renovated in 1994, this single-tenant retail property boasts a prime location in the vibrant Shaw neighborhood. Situated on a prominent corner, facing Georgia Avenue and V Street, the building offers unparalleled visibility. Its proximity to Howard University Hospital across the street, and just one block from the 9:30 Club, Landmark Theater, and the Atlantic Plumbing development, ensures high foot traffic throughout the day and night. The property includes 10 parking spaces, a significant advantage in this bustling area. This is a one-story building that has been a fixture in the community for over three decades, making it an ideal location for a discerning restaurateur seeking a well-established and highly visible space. The property's history and location combine to create a truly unique and compelling investment opportunity in the heart of Washington, D.C.'s Shaw neighborhood. This is a first-time availability in over 30 years.

    Property Features for 700 V St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,200 SF

    Building Details

    Year Built/Renovated
    1974/1994
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    2,200 SF
    Rate per SF
    $49

    HighLights

    • 2,200 SF restaurant space at 700 V St NW, Washington, DC.
    • Prime corner location in Shaw, high visibility on Georgia Ave & V St.
    • Ten on‑site parking spaces.
    • One‑story building, renovated in 1994.
    • High foot traffic, near Howard University Hospital, 9:30 Club, and Landmark Theater.
    • First‑time availability in over 30 years.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Washington
    County
    District Of Columbia
    State
    District of Columbia
    Longitude
    -77.022198092451
    Latitude
    38.917797929637

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    FAQs

    What type of property is this?
    Retail property - Historic building, high visibility, 2,200 sq ft.
    Where is this retail property located?
    The property is located at 700 V St Washington, DC.
    What is the lease rate?
    The lease rate is $49 SF/Yr.
    What are key features of this property?
    This property features: 2,200 SF restaurant space at 700 V St NW, Washington, DC.; Prime corner location in Shaw, high visibility on Georgia Ave & V St.; Ten on-site parking spaces.
    Request Owner's contact information
    700 V St Washington, DC 20001
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    700 V St Washington, DC 20001
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