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    515 Florida Ave Washington, DC 20001
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    515 Florida Ave, Washington, DC 20001

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    • Retail properties & Spaces
    • 1,956 SF
    Off-Market

    Value Estimations
    Cap Rate Potential
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    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 515 Florida Ave

    Property type
    Retail properties & Spaces
    Property subtype
    Restaurants

    Description

    This exceptional commercial property at 515 Florida Avenue NW, Washington, DC 20001, offers 1,956 square feet of versatile space, divisible into two 652-square-foot suites or leased as a single 1,956-square-foot unit. Ideally situated in the vibrant Shaw neighborhood, this property boasts excellent street visibility on a high-traffic street, attracting significant foot traffic. Previously a popular Thai restaurant, the space retains its unique character, featuring a cozy, intimate setting with multiple floors, perfect for a trendy eatery, café, or boutique retail operation. The MU-4 zoning allows for a variety of uses. Key features include a rustic façade ideal for eye-catching signage, and a convenient location near public transportation and numerous neighborhood amenities, including restaurants, bars, and shops. Recent upgrades include a new HVAC system and water heater. The upstairs space is fully finished, and the basement is available for lease separately or as part of the whole property. The owner is willing to offer build-out concessions to a qualified tenant. This presents a rare opportunity to establish a business in a highly desirable and dynamic area of Washington, D.C. Two parking spaces are included.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use


    Location Insight

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    • Local Demand
    City
    Washington
    County
    District Of Columbia
    State
    DC
    Longitude
    -77.019
    Latitude
    38.9152
    More about this property
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