515 Florida Ave Washington, DC 20001
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.