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    2827 Sherman Ave Washington, DC 20001

    Sponsored
    For Sale
    $1,950,000

    $1.95M, 3200 SF, Vacant, Renovated

    Property size:
    3,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 3,200 square foot restaurant space, located at 2827 Sherman Ave NW in Washington, DC's vibrant Columbia Heights neighborhood, is available for $1,950,000. The property, built in 1908 and extensively renovated in 2021, boasts a desirable corner lot position with a potential for outdoor patio seating. Currently vacant, this single-unit building offers a blank canvas for a discerning restaurateur. The property features versatile zoning, allowing for a variety of culinary concepts. With 1,067 square feet of lot size, the building is classified as Class B and sits within the 20001 zip code. This is a unique opportunity to establish a thriving business in a highly sought-after location. The property's recent renovation ensures a move-in ready space, minimizing upfront investment and maximizing potential for immediate returns. Don't miss this chance to capitalize on the area's thriving culinary scene.

    Property Features for 2827 Sherman Ave

    General Information

    Property type
    Restaurants
    Square Feet
    3,200 SF
    Class
    B

    Building Details

    Year Built/Renovated
    1908/2021
    Buildings
    1
    Units
    1

    HighLights

    • Exceptional 3,200 sq ft restaurant space in Washington, DC's Columbia Heights for $1,950,000.
    • Corner lot with outdoor patio potential.
    • Vacant, single‑unit building, renovated in 2021.
    • Versatile zoning for various culinary concepts.
    • 1,067 sq ft lot, Class B building, 20001 zip code.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Washington
    County
    District Of Columbia
    State
    District of Columbia
    Longitude
    -77.02584955
    Latitude
    38.92682387

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    FAQs

    What type of property is this?
    Restaurant - $1.95M, 3200 SF, Vacant, Renovated
    Where is this restaurant located?
    The property is located at 2827 Sherman Ave Washington, DC.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: Exceptional 3,200 sq ft restaurant space in Washington, DC's Columbia Heights for $1,950,000.; Corner lot with outdoor patio potential.; Vacant, single-unit building, renovated in 2021.
    Request Owner's contact information
    2827 Sherman Ave 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
    2827 Sherman Ave Washington, DC 20001
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