1837 M NW St Washington, DC 20036-2523
- Retail space
- 28,944 SF
- 0.16 lot acres
Jan 19, 2024
Current Use by Public Records
- Dog Haus Biergarten - Burgers Beer Cocktails Sports Bar / Chicken Wings Restaurant / Cocktail Bar
- Boqueria - Dupont / Spanish Restaurant / Delivery Service
Property Details for 1837 M NW St
- Year built
- 1890
- Construction
- BRICK
- Lot size
- 0.16 lot acres
- Property size
- 28,944 SF
- Zone code
- MU-21
- Property type
- Retail space
- APN
- 0139 0077
- APU
- 1390077
Description
This exceptional retail property, located at 1837 M St NW in the heart of Washington, D.C., presents a rare opportunity for restaurant or bar concepts. The building offers a total of 5,205 square feet, currently entirely vacant, and is divisible into two suites. Each potential tenant has flexibility, with a minimum leasable space of 1,390 square feet and a maximum contiguous space of 3,815 square feet. This second-generation restaurant and bar space boasts a highly desirable corner location at the intersection of 19th and M Streets NW, providing excellent visibility and accessibility. The property benefits from its strategic placement within a densely populated office district, ensuring a robust customer base. The building's location in the heart of downtown DC offers unparalleled access to a diverse population and high foot traffic. This is an exceptional opportunity to establish a thriving business in one of the most sought-after locations in the nation's capital. The District of Columbia location provides access to a vibrant and affluent market. The entire 5,205 square feet is available for lease, offering significant potential for a large-scale operation or the opportunity to subdivide the space to suit individual tenant needs. This is a truly unique opportunity to secure a prime retail space in a high-demand area.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $9,000,000
- ML approach
- $9,000,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $7,740,000
- 6.5%
- $7,145,000
- 7%
- $6,635,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $12,274,000
Market price range: $6.38M - $14.4M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $9,850,000 Current use
- COMMERCIAL (GENERAL)
- $12,610,000 Change: +28% Conversion: Easy
- OFFICE BUILDING
- $11,240,000 Change: +14% Conversion: Easy
- WAREHOUSE, STORAGE
- $9,080,000 Change: -8% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $8,570,000 Change: -13% Conversion: Difficult
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Washington
- County
- District Of Columbia
- State
- DC
- Longitude
- -77.0431
- Latitude
- 38.9059
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA