1721 Columbia Rd NW
1721 Columbia Rd NW | Adams Morgan Investment Property
Marketing description
The KLNB Urban sales team is thrilled to present an exceptional investment opportunity:
the fee simple interest in 1721 Columbia Road NW, located on highly trafficked Columbia
Road, just a couple blocks from the 18th St retail corridor, in the heart of Adams Morgan.
1721 Columbia Road is a three-level 2,431 SF retail building that sits on a 1,618 SF lot that
is zoned MU-5A providing by-right FAR of 3.50. The property is currently tenanted by
El Miguelino Bar and Grill, a Salvadorian restaurant specializing in papusas. Currently on
a month-to-month lease, a new owner has flexibility to retain the tenant or execute
a re-tenanting plan, and the second generation restaurant provides an exciting
opportunity for an owner/operator to open a new location.
Investment highlights
2,431 SF three level retail building, currently occupied by
restaurant/bar
M-T-M tenancy with in-place income provides maximum
flexibility to new owner
Excellent opportunity for investment, owner/user, or developer
30,000 residents earning $164,477 Avg. HH Income within a
half mile, projected to increased 2.53% annually through 2029
High traffic volume with 13,761 ADT on Columbia Road
Strong neighborhood tenancy with Safeway, CVS, Solidcore,
Ace, and Banfield within a block of the property
Development Potential: Zoned MU-5A (3.5 FAR) allows for
additional density on site (no historical designation)
Valuation Calculator
Valuation Metrics
Map
Zoning
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
