This 2-story, 4,080 square foot iconic retail property is located in the center of the highly-desired Adams Morgan submarket of Washington, D.C. It has a desirable grade-level entrance versus a step-down or step-up entrance. Each floor features 1,840 square feet of prime retail/restaurant space with high ceilings and an exposed 400 square foot mezzanine. The property is also fully vented and has alley access in the rear. Its former tenancy was a well renowned jazz bar in operation for over 25-years. The offering represents a rare opportunity to acquire an iconic retail property ideally positioned in one of Washington, DC’s most vibrant neighborhoods.
Property Highlights.
- Property is well-known due to long term former tenant of 25-years, highly acclaimed jazz club, Columbia Station
- Direct access into the property from street, alley access in the rear, open floor plan, high ceilings and 400 square foot mezzanine
- Large signage availability
- 4,080 square foot retail/restaurant property
- Fully operational commercial kitchen
- 22’ frontage on 18th Street NW, the center of Adams Morgan’s nightlife and restaurant scene
- Improved second-generation restaurant and lounge interior build out inclusive of large outdoor patio
Demographics & Market Stats.
- Population of 93,000 within a one-mile radius
- 7% population growth through 2023 within a one-mile radius
- Average household income of $143,000 within a one-mile radius
- The LINE Hotel delivered 220 rooms in 2017, just a few blocks from offering
- 30% rental increases in renovated apartment buildings within a one-mile radius
- 975 units under construction within a one-mile radius
- Adams Morgan is one of the most sought-after submarkets in Washington, DC
- Established commercial hub which boasts 100+ retail stores
Offered for Sale.
LIST PRICE: $2,750,000
For More Information.
Danny Brooker
202.772.0530 | dbrooker@monumentretail.com
Rich Sillery
202.777.2005 | rsillery@monumentretail.com
Valerie Mnayarji
202.772.0523 | vmnayarji@monumentretail.com