1389 Quincy St NW - Restaurant FOR SALE


Washington, DC 20011
$1,450,000 USD
703-836-1116
1389 Quincy St NW, Washington, DC for Sale
$1,450,000 USD
Restaurant - FOR SALE
1/5
null | 5.38% Cap Rate

1389 Quincy St NW
Washington, DC 20011


OVERVIEW

Arlington Realty, Inc. / Virginia Smith as exclusive agent, is pleased to offer the opportunity to acquire a prime mixed-use building in the heart of the sought after Petworth neighborhood, along the busy retail-commercial corridor of 14th St. NW. Corner lot with frontage on 14th St. NW and on Quincy St. NW. Built out for restaurant / carry out on the first floor with a large outdoor patio dining space. Above the restaurant on the 2nd and 3rd levels are two 1 br. / 1 ba. apartments, including a large deck off the rear of the 2nd level . Tax record indicates 2,019 SF, but seller estimates approx. 2,300 SF. Zoned MU-4. There could be potential to add another level: max. building height = 50 ft.; max FAR = 2.5 (residential) or 1.5 (non-residential). Leases are month-to-month, so property could be delivered vacant, or the new owner can renegotiate the leases. Excellent location with heavy foot and vehicle traffic, surround by shops, cafes, pubs, restaurants, and residential. Approx. 4 blocks to the Georgia Ave.-Petworth Metro station and 6 blocks to Columbia Heights Metro.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$630 USD /SF

CAP RATE

5.38%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1907

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,438 SF

ZONING

MU-4

APN/PARCEL ID

2825-0033

ASK ABOUT THIS PROPERTY

Virginia SmithArlington Realty, Inc.More Info
703-836-1116

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Virginia SmithArlington Realty, Inc.More Info
703-836-1116

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.