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.
Distance | 0.25 Mile | 0.5 Mile | 1 Mile |
---|---|---|---|
Population | 9,995 | 29,810 | 95,891 |
Daytime Population | 7,140 | 20,778 | 76,118 |
Households | 5,832 | 16,318 | 50,846 |
Avg. Household Income | $171,956 | $164,477 | $178,146 |
P: 202-420-7778
1130 Connecticut Avenue, NW, Suite 600, Washinton, District of Columbia 20036