1734 Wisconsin NW Ave Washington, DC 20007-2313

Property Details for 1734 Wisconsin NW Ave

Year built

1923

Construction

BRICK

Lot size

0.03 lot acres

Property size

1,350 SF

Zone code

MU-4

Property type

Turn key restaurants

APN

1298 0809

APU

12980809

Description

This exceptional mixed-use property at 1734 Wisconsin Ave NW, Washington, DC 20007, presents a compelling value-add investment opportunity. The 2,500 square foot building, constructed in 1923 and renovated in 2010, boasts a Class A designation and currently houses the Shanghai Lounge, a fully operational restaurant with a 7-year lease commencing February 28, 2023, and expiring February 28, 2030. The restaurant occupies both floors, offering seating for 50 patrons (20 on the first floor and 30 on the second). Additional space on the second floor could be used for office or residential purposes. A lower level provides storage and a bathroom. The property includes one parking space. The building features masonry construction and is zoned MU-4. Its prime location in Georgetown offers excellent visibility and high foot traffic, benefiting from proximity to Embassy Row, Georgetown University, American University, George Washington University, and numerous attractions. The sale includes a full liquor license. The asking price is $1,929,900 ($771.96/sq ft). Note: Approximate 2013 business revenue was $500,000/year. Confidentiality is required. Lot size is 0.03 acres.

Location Insight

City

Washington

County

District Of Columbia

State

DC

Longitude

-77.0674

Latitude

38.9146

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments