2471 18th St NW Local commercial 491 m² 100 % Loué À vendre Washington, DC 20009 2 153 450 € (4 382,59 €/m²)

The KLNB Urban sales team is thrilled to present an exceptional investment opportunity: the fee simple interest in 2471 18th Street NW, located directly on the 18th Street retail corridor in the heart of Adams Morgan. 2471 18th Street is a four-level 5,289 SF mixed-use building situated on a 1,742 SF lot zoned MU-5A, providing
by-right FAR of 3.50. The building is in excellent condition and offers approximately 3,394 SF of newly renovated second-generation bar/restaurant space across the ground floor and lower level, plus approximately 1,895 SF of office/residential space on the second and third floors. The building also features ground-level roll up doors facing
18th St, and a 193 SF balcony accessible from the third floor. The property will be delivered vacant across all floors, presenting a rare opportunity to acquire a well-located 18th
Street asset and execute a full re-tenanting strategy at market rents. The second-generation bar/restaurant build out on the ground floor and lower level provides a compelling opportunity for an incoming food and beverage operator, while the upper floors offer flexible office, creative or residential space that has recently been used as a
recording and podcast studio. Located in the established Adams Morgan neighborhood, 2471 18th Street sits at the center of one of DC’s most vibrant and enduring commercial corridors, in a densely populated neighborhood with over 10,000 residents within a quarter mile of the property. Average household incomes exceed $170,000 with projected annual growth of 2.53% through 2029, reflecting the steady economic strength of the surrounding trade area. Separately, the owner controls a Class C (Tavern) license which is available for purchase. There are currently no available Tavern licenses in Adams Morgan according to ABCA. Class C Tavern license allows for on premises
consumption of beer, wine, and spirits. It also includes an Entertainment endorsement (allowing for live entertainment) and a Carry-Out and Delivery, Holiday Extension, and Sports Wagering endorsement.