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1434 Wisconsin Avenue Northwest, Washington, DC 20007

JZ
DC DC 96919, 97919
Coldwell Banker Commercial NRT Washington
Listed by Coldwell Banker Commercial NRT Washington
$2,300,000
4 days on market
Updated 4 days ago

1434 Wisconsin Ave NW

Details
APN 1244//0836
Property Type Retail
Sub Type Bank, QSR/Fast Food (+1)
Square Footage 1,761
Net Rentable (SqFt) 1,761
Year Built 1900
Year Renovated 2023
Buildings 1
Stories 2
Lot Size (SqFt) 1,093
Zoning MU-4
Ground Lease No
Sale Condition 1031 exchange

Georgetown- Fully renovated, 16,990 car and pedestrian traffic

Marketing description

Located directly across from CVS Pharmacy and benefiting from approximately 16,990 cars per day plus exceptional pedestrian traffic, this prominently positioned commercial property offers a rare owner-user or investment opportunity along one of Washington’s most active retail corridors.

Recently “gutted” and expanded to approximately 1,761 SF on two levels, the property is currently operated as a fine Italian shoe store under an existing Certificate of Occupancy. Meticulously renovated in 2022-2023 with exceptional attention to detail, virtually every component of the building was rebuilt, including joists, exterior walls, staircases, flooring, lighting, electrical, mechanical systems, plumbing, drywall, roof, and windows.

The property is ideally suited for an owner-occupant seeking a highly visible presence in a premier urban location. MU-4 zoning permits a broad range of retail, medical, office, and service-oriented uses.

Conveniently located near the Georgetown Waterfront, Francis Scott Key Bridge, Interstate 66, and major commuter routes, the property is surrounded by established restaurants, medical uses, salons, technology retailers, and boutique clothiers.

The existing owner desires a rent-back arrangement and will lease the property for $10,000 per month NNN for two months following a six-month delayed settlement, allowing time to liquidate inventory. Seller reserves the right to conduct a 1031 Exchange.

Investment highlights

Located directly across from CVS Pharmacy and benefiting from approximately 16,990 cars per day plus exceptional pedestrian traffic, this prominently positioned commercial property offers a rare owner-user or investment opportunity along one of Washington’s most active retail corridors.

Recently “gutted” and expanded to approximately 1,761 SF on two levels, the property is currently operated as a fine Italian shoe store under an existing Certificate of Occupancy. Meticulously renovated in 2022-2023 with exceptional attention to detail, virtually every component of the building was rebuilt, including joists, exterior walls, staircases, flooring, lighting, electrical, mechanical systems, plumbing, drywall, roof, and windows.

The property is ideally suited for an owner-occupant seeking a highly visible presence in a premier urban location. MU-4 zoning permits a broad range of retail, medical, office, and service-oriented uses.

Conveniently located near the Georgetown Waterfront, Francis Scott Key Bridge, Interstate 66, and major commuter routes, the property is surrounded by established restaurants, medical uses, salons, technology retailers, and boutique clothiers.

The existing owner desires a rent-back arrangement and will lease the property for $10,000 per month NNN for two months following a six-month delayed settlement, allowing time to liquidate inventory. Seller reserves the right to conduct a 1031 Exchange.

Listing Contacts

JZ
DC DC 96919, 97919
Coldwell Banker Commercial NRT Washington
Listed by Coldwell Banker Commercial NRT Washington

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Additional Information

Name
Anthony J. Zoilkowski, Jr
License
BR98376188
Brokerage
Coldwell Banker Realty
Title
Broker of Record
Brokerage Address
1025 Thomas Jefferson St NW Suite W-3300 Washington DC 20007
Name
Joseph Zorc
License
DC 96919
Brokerage
Coldwell Banker Realty
Title
Real Estate Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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