1434 WISCONSIN AVENUE, Washington, District Of Columbia, United States, 20007

2,300,000
for Sale
1,093

About the property:

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 1,404 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. Owner may conduct a 1031- Exchange.
Property Type:
Retail
Status:
for Sale
Acres:
0.03
Square Feet:
1761
Heating Type:
0
Directions:
Wisc & M, N on Wisconsin, across from the CVS
Is Building:
Yes
Is Investment:
Yes
Is Medical:
Yes
Is Office:
Yes
Is Pharmacy:
Yes
Is Retail:
Yes
Is Salon:
Yes
Is Service:
Yes
Is Unit:
Yes
Is Waterfront:
Yes
Listing ID:
DCDC2261558

Rooms

Dimensions

Brokered by:
Coldwell Banker Residential Brokerage
Presented By:

Edward Giles

Real Estate Broker

Georgetown Realty Group