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1721 Columbia Rd NW
Washington, DC 20009
Retail Property For Sale
Investment Highlights
- Located near public transportation.
Executive Summary
The KLNB Urban sales team is thrilled to present an exceptional investment opportunity:
the fee simple interest in 1721 Columbia Road NW, located on highly trafficked Columbia
Road, just a couple blocks from the 18th St retail corridor, in the heart of Adams Morgan.
1721 Columbia Road is a three-level 2,431 SF retail building that sits on a 1,618 SF lot that
is zoned MU-5A providing by-right FAR of 3.50. The property is currently tenanted by
El Miguelino Bar and Grill, a Salvadorian restaurant specializing in papusas. Currently on
a month-to-month lease, a new owner has flexibility to retain the tenant or execute
a re-tenanting plan, and the second generation restaurant provides an exciting
opportunity for an owner/operator to open a new location.
Located in the established Adams Morgan neighborhood, 1721 Columbia Road is in the
middle of a vibrant commercial node in a densely populated neighborhood, with over
10,000 residents within a quarter mile radius of the property. Average household
incomes are $171,000 with annual projected growth of 2.53% through 2029, which
indicate steady economic growth into the future.
the fee simple interest in 1721 Columbia Road NW, located on highly trafficked Columbia
Road, just a couple blocks from the 18th St retail corridor, in the heart of Adams Morgan.
1721 Columbia Road is a three-level 2,431 SF retail building that sits on a 1,618 SF lot that
is zoned MU-5A providing by-right FAR of 3.50. The property is currently tenanted by
El Miguelino Bar and Grill, a Salvadorian restaurant specializing in papusas. Currently on
a month-to-month lease, a new owner has flexibility to retain the tenant or execute
a re-tenanting plan, and the second generation restaurant provides an exciting
opportunity for an owner/operator to open a new location.
Located in the established Adams Morgan neighborhood, 1721 Columbia Road is in the
middle of a vibrant commercial node in a densely populated neighborhood, with over
10,000 residents within a quarter mile radius of the property. Average household
incomes are $171,000 with annual projected growth of 2.53% through 2029, which
indicate steady economic growth into the future.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
2,431 SF
Building Class
C
Year Built
1905
Price
$1,436,715 CAD
Price Per SF
$591.00 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.36
Lot Size
0.04 AC
Zoning
MU-5A - Permits medium density, compact mixed-use develoopment with an emphasis on residential use
Frontage
20’ on Columbia Rd NW
Amenities
- Restaurant
- Air Conditioning
Property Taxes
| Parcel Number | 2581-0281 | Improvements Assessment | $894,622 CAD |
| Land Assessment | $681,181 CAD | Total Assessment | $1,575,803 CAD |
Property Taxes
Parcel Number
2581-0281
Land Assessment
$681,181 CAD
Improvements Assessment
$894,622 CAD
Total Assessment
$1,575,803 CAD
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