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Iconic Restaurant Space in Shaw
For Lease
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700 V St NW, Washington, DC 20001

Historic restaurant space for lease in the Shaw neighborhood.

Space Size3,252 SF
Days on Market885

Property Features for 700 V St NW

General Information

Standard status Active
Size 3,252 SF
Total Parking Spaces 10
Property subtype Retail
Lease Type NNN

Building Details

Year Built 1974
Tenancy Single

Spaces For Lease

at 700 V St NW Contact us

Available Space

Size
3,252 SF
Type
Retail
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: Willard Retail
Listed By: Ken Johnson · License #DC BR98364320
Source: Crexi
Added: Mar 22, 2024 Changed: Aug 17 Last Checked: Aug 23 at 2:48AM

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 Willard Retail

Investment Insights

Based on property information with market context.

This restaurant space is available for lease in the Shaw neighborhood. The property, an iconic and historic site, is a standalone retail building situated on a prominent corner facing Georgia Avenue and V Street. It is located across the street from Howard University Hospital and one block from the 9:30 Club, Landmark Theater, and the Atlantic Plumbing development. The property includes 12 parking spaces. The location offers high visibility due to its proximity to the adjacent university and hospital during the day, and the clubs and theater at night, in the historic heart of the Shaw neighborhood. This is the first time this space has been available in over 30 years.

Key Highlights

  • Iconic and historic standalone retail building in the heart of Shaw.
  • High visibility location on a prominent corner facing Georgia Avenue and V Street.
  • Across the street from Howard University Hospital.

Property Analytics

Current Use

Restaurants

Suggested Use

Top Pick Auto Parts Store Electrical Service Furniture & Home Goods Big Box & Wholesale Store (Bike/Boat/Book/etc) Store Building Supply

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

Lease Details

NNN (Triple Net)
Lease Type
$6.75 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

4,618
Businesses Nearby
48k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 85% Dining 15%
Marathon Shops & Services
11,525 visits/mo 0.3 miles
7-Eleven Shops & Services
10,883 visits/mo 0.3 miles
Exxon Shops & Services
7,464 visits/mo 0.4 miles
Mobil Shops & Services
5,824 visits/mo 0.3 miles
Wells Fargo Shops & Services
4,874 visits/mo 0.1 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

Lease Benchmarks for Washington, DC

$38.71 /SF/Yr
Avg Asking Price
$15–$66.67 /SF/Yr
Price Range
3,864 SF
Avg Space Size

This space is priced 16% above the average of $38.71 /SF/Yr.

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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Similar Off Market Nearby

  • TasteLife Catering LLC 1532 U St NW, Washington, DC 20009
  • SHKR 160 U St NW, Washington, DC 20001
  • W. Millar & Co. 1335 14th St NW, Washington, DC 20005
  • Yayo Grassi Caterer 310 T St NW, Washington, DC 20001
  • Jerry's Kitchen - Washington D.C. Catering Company 1102 R St NW #1, Washington, DC 20009

Frequently Asked Questions

What type of property is this?
Restaurant - Historic restaurant space for lease in the Shaw neighborhood.
Where is this restaurant located?
The property is located at 700 V St NW Washington, DC.
What is the lease rate?
The lease rate is $45 SF/Yr.
What are key features of this property?
This property features: Iconic and historic standalone retail building in the heart of Shaw.; High visibility location on a prominent corner facing Georgia Avenue and V Street.; Across the street from Howard University Hospital.
More about this property
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