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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

515 Florida Ave Washington, DC 20001

1,956 SF
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Total area 1,956 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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