2340 Wisconsin AveWashington, DC 20007

Property Details for 2340 Wisconsin Ave

Year built

1919

Construction

BRICK

Lot size

0.15 AC

Property size (Sq ft)

4,479 SF

Zone code

MU-27,R-3

Property type

Retail properties

Property subtype

Turn key restaurants

APN

1300 0570

APU

13000570

Description

This exceptional 5,821 square foot retail space, located at 2340 Wisconsin Avenue NW in Washington, D.C.'s desirable Glover Park neighborhood, presents a unique opportunity for a single-tenant restaurant. The entire building is currently vacant, offering a blank canvas for a discerning operator to create their ideal culinary destination. Situated in a vibrant and affluent community, this property boasts high visibility and accessibility, making it an attractive location for a variety of restaurant concepts. The building's substantial square footage allows for ample space for dining, kitchen operations, and potentially additional amenities. The address is within the 20007 zip code, providing easy access to a diverse customer base. This is a single-tenant occupancy, offering complete control and customization for the lessee. The property's location in Glover Park offers a strong residential base and significant foot traffic, creating a prime opportunity for a successful restaurant venture. The property type is classified as retail, specifically suited for restaurant use. This is a rare opportunity to secure a substantial and well-located space in a highly sought-after area of Washington, D.C. The property is ready for immediate occupancy, allowing for a swift and efficient launch of a new restaurant. Detailed specifications and lease terms are available upon request. Don't miss this chance to establish your restaurant in a thriving community.

• CAP approach

  CAP return

  Valuation

  6%

  $1,701,538

  6.5%

  $1,570,650

  7%

  $1,458,461

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,885,055

  Geo Method

  $1,885,055

• Alternative Use

  Use

  Valuation

  Residential

  $1,324,902

  Hospitality

  $1,213,604

  Educational

  $1,009,704

  Medical

  $1,044,429

  Retail

  $1,570,650

Location Insight

City

Washington

County

District Of Columbia

State

DC

Latitude

38.921

Longitude

-77.0723

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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