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INFORMATIONS PRINCIPALES SUR L'INVESTISSEMENT
- Two adjacent three-level buildings totaling 4,766 SF
- M-T-M tenancy with in-place income provides maximum flexibility to new owner
- 30,000 residents earning $164,477 Avg. HH Income within a half mile
- Excellent opportunity for investment, owner/user, or developer
- Development Potential: Zoned MU-5A (3.5 FAR) allows for additional density on site (no historical designation)
- High traffic volume with 13,761 ADT on Columbia Road
RÉSUMÉ ANALYTIQUE
The KLNB Urban sales team is thrilled to present an exceptional investment opportunity: the fee simple interest in 1721 & 1723 Columbia Road NW. The properties are located on highly trafficked Columbia Road, just a couple blocks from the 18th St retail corridor, in the heart of Adams Morgan. The buildings are being offered as a package and provide a combined total of 4,766 square feet. The buildings are located on separate parcels and encompass a combined land area of 3,170 square feet zoned MU-5A, providing a by-right FAR of 3.50.
Each 3-level building is currently occupied by a restaurant: El Miguelino Bar and Grill in 1721 Columbia, and Tex-Mex Restaurant in 1723. Both restaurants are owned by the same operator, providing ease of management, and both are on month-to-month leases providing flexibility and in-place cash flow to a new owner as they implement their business plan.
Each 3-level building is currently occupied by a restaurant: El Miguelino Bar and Grill in 1721 Columbia, and Tex-Mex Restaurant in 1723. Both restaurants are owned by the same operator, providing ease of management, and both are on month-to-month leases providing flexibility and in-place cash flow to a new owner as they implement their business plan.
DATA ROOM Cliquez ici pour accéder à
- Offering Memorandum
INFORMATIONS SUR L’IMMEUBLE
Biens
| NOM DU BIEN/ADRESSE | TYPE DE BIEN | SURFACE | ANNÉE DE CONSTRUCTION | PRIX INDIVIDUEL |
|---|---|---|---|---|
| 1721 Columbia Rd NW, Washington, DC 20009 | Local commercial | 226 m² | 1905 | - |
| 1723 Columbia Rd NW, Washington, DC 20009 | Local commercial | 217 m² | 1905 | - |
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Columbia Rd Portfolio
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