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1721 Wisconsin Ave NW 3,600 - 7,200 SF of Office/Retail Space Available in Washington, DC 20007
HIGHLIGHTS
- MU-4 Zoning Allows for Retail, Office, Multifamily, Hospitality, & Other By-Right Uses
- 874 Multifamily Units Proposed or Under Construction Near the Subject Property
- Recent Improvements Include Electrical & Structural Upgrades and a Partial Roof Replacement
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 3,600 SF | Negotiable | $62.82 CAD/SF/YR $5.23 CAD/SF/MO $226,139 CAD/YR $18,845 CAD/MO | Triple Net (NNN) | ||
| 2nd Floor | 3,600 SF | Negotiable | $62.82 CAD/SF/YR $5.23 CAD/SF/MO $226,139 CAD/YR $18,845 CAD/MO | Triple Net (NNN) |
1st Floor
Feldman Ruel is pleased to offer for sale 1721 Wisconsin Avenue NW, a 7,200-square-foot commercial building in cold dark shell condition situated on a 3,424-square-foot lot. The subject property is positioned along a highly trafficked commercial corridor in Washington, D.C. With the subject property's MU-4 zoning permitting a wide range of potential uses and significant capital improvements recently completed, 1721 Wisconsin Avenue NW offers an attractive opportunity for an owner-user or a value-add investor seeking an asset in one of Washington, D.C.’s premier neighborhoods.
- Lease rate does not include utilities, property expenses or building services
- Can be combined with additional space(s) for up to 7,200 SF of adjacent space
2nd Floor
Feldman Ruel is pleased to offer for sale 1721 Wisconsin Avenue NW, a 7,200-square-foot commercial building in cold dark shell condition situated on a 3,424-square-foot lot. The subject property is positioned along a highly trafficked commercial corridor in Washington, D.C. With the subject property's MU-4 zoning permitting a wide range of potential uses and significant capital improvements recently completed, 1721 Wisconsin Avenue NW offers an attractive opportunity for an owner-user or a value-add investor seeking an asset in one of Washington, D.C.’s premier neighborhoods.
- Lease rate does not include utilities, property expenses or building services
- Can be combined with additional space(s) for up to 7,200 SF of adjacent space
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT 1721 WISCONSIN AVE NW, WASHINGTON, DC 20007
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Ledo Pizza
- Pizza
- 126
- Regional
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Ledo Pizza | Pizza | 126 | Regional |
PROPERTY FACTS
| Total Space Available | 7,200 SF | Gross Leasable Area | 7,200 SF |
| Property Type | Retail | Year Built | 1929 |
| Property Subtype | Restaurant |
| Total Space Available | 7,200 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 7,200 SF |
| Year Built | 1929 |
ABOUT THE PROPERTY
Feldman Ruel is pleased to offer for sale 1721 Wisconsin Avenue NW, a 7,200-square-foot commercial building in cold dark shell condition situated on a 3,424-square-foot lot. The subject property is positioned along a highly trafficked commercial corridor in Washington, D.C. With the subject property's MU-4 zoning permitting a wide range of potential uses and significant capital improvements recently completed, 1721 Wisconsin Avenue NW offers an attractive opportunity for an owner-user or a value-add investor seeking an asset in one of Washington, D.C.’s premier neighborhoods.
NEARBY MAJOR RETAILERS
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1721 Wisconsin Ave NW
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