Property profile

1345-1347 Connecticut Ave Washington, DC 20036

OFF-MARKET
Retail properties & Spaces
9,738 SF
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Property summary

AI-generated overview

This exceptional retail property at 1345-1347 Connecticut Ave NW in Washington, DC, presents a unique investment opportunity. The 9,738 square foot building sits on a 3,595 square foot lot and is zoned MU-21. Previously occupied by the Big Hunt, a multi-faceted establishment including four bars, a kitchen, a comedy cellar, and an outdoor tiki bar, the interior has been demoed and is currently undergoing renovation for a new bar concept. The property also includes three apartments, offering additional income potential or the possibility of expansion. The building is currently vacant, providing a blank canvas for a new owner to create a thriving business. Its prime location offers excellent visibility and accessibility, with close proximity to the Dupont Circle Metro Station and Park, ensuring high foot traffic and convenient access for patrons. The asking price is $12,000,000, translating to $1,232.29 per square foot. This is a NNN lease type property with multi-tenant capabilities. The property's size and zoning make it suitable for a variety of uses, presenting a compelling opportunity for investors seeking a high-return investment in a vibrant and desirable location. The property is located in Washington, DC, zip code 20036.

Property profile

Verified
Property type Retail properties & Spaces
Total area 9,738 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1345-1347 Connecticut Ave Washington, DC 20036
Washington metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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