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 Dupont Circle property offers a total of approximately 9,738 square feet of improved retail space, currently available for lease. The space is ideally suited for a restaurant or bar operation, and is divisible to accommodate multiple tenants. Situated on a ±3,595 square foot lot, the property is zoned MU-21, allowing for a variety of uses. The building boasts separate units, some believed to be built-out AirBnB rentals, offering potential for diverse income streams. Currently, the space is tentatively occupied by "The Big Hunt" bar until October 31st, 2024. This prime location enjoys excellent proximity to the Dupont Circle Metro Station and Park, ensuring high visibility and accessibility. The asking lease rate and sales price are available upon request. The property presents a unique opportunity for investors and operators seeking a high-traffic, well-located establishment in a vibrant neighborhood. Serious inquiries only. The asking sales price for the entire property is $12,000,000.

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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Blend (final) Blend
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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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