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1723 Connecticut Ave NW 6,020 SF 50% Leased Retail Building Washington, DC 20009 $3,601,338 CAD ($598.23 CAD/SF)
Executive Summary
1723 Connecticut Avenue NW presents a rare mixed-use investment and owner-user opportunity in the heart of Washington, DC's highly sought-after Dupont Circle neighborhood. Situated along one of the city's premier commercial corridors and within a short walk of the Dupont Circle Metro Station, the property combines stable in-place income with immediate value-add potential.
The approximately 6,020-square-foot building consists of retail and residential components across three stories plus a lower level and loft. The lower level and first floor, totaling approximately 3,037 square feet, are currently vacant and configured as a second-generation restaurant space featuring existing hood vent and bar infrastructure. The layout offers an opportunity for a multi-level restaurant, bar, hospitality, or retail concept, making the property attractive for owner-users seeking a flagship location in one of DC's most vibrant neighborhoods.
The second floor is leased to a long-term retail tenant, while the third floor contains a renovated two-bedroom residential unit, providing immediate cash flow and offsetting income. Investors can capitalize on the opportunity to lease the vacant restaurant space at market rates, while owner-occupants can establish their business in a highly visible urban location with existing income from the upper floors.
Offered at $2.6 million, 1723 Connecticut Avenue NW provides a compelling combination of location, flexibility, existing income, and future upside.
The approximately 6,020-square-foot building consists of retail and residential components across three stories plus a lower level and loft. The lower level and first floor, totaling approximately 3,037 square feet, are currently vacant and configured as a second-generation restaurant space featuring existing hood vent and bar infrastructure. The layout offers an opportunity for a multi-level restaurant, bar, hospitality, or retail concept, making the property attractive for owner-users seeking a flagship location in one of DC's most vibrant neighborhoods.
The second floor is leased to a long-term retail tenant, while the third floor contains a renovated two-bedroom residential unit, providing immediate cash flow and offsetting income. Investors can capitalize on the opportunity to lease the vacant restaurant space at market rates, while owner-occupants can establish their business in a highly visible urban location with existing income from the upper floors.
Offered at $2.6 million, 1723 Connecticut Avenue NW provides a compelling combination of location, flexibility, existing income, and future upside.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront
Building Size
6,020 SF
Building Class
C
Year Built
1927
Price
$3,601,338 CAD
Price Per SF
$598.23 CAD
Percent Leased
50%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
3.46
Lot Size
0.04 AC
Zoning
MU-8B/DC - Mixed use zoning
Frontage
17’ on Connecticut
Amenities
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- Basement
- 1,518 SF
- Retail
- -
- Now
- 1st Floor
- 1,519 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| Basement | 1,518 SF | Retail | - | Now |
| 1st Floor | 1,519 SF | Retail | - | Now |
Basement
| Size |
| 1,518 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size |
| 1,519 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
90/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0091-0034 | Improvements Assessment | $3,608,821 CAD |
| Land Assessment | $2,246,841 CAD | Total Assessment | $5,855,662 CAD |
Property Taxes
Parcel Number
0091-0034
Land Assessment
$2,246,841 CAD
Improvements Assessment
$3,608,821 CAD
Total Assessment
$5,855,662 CAD
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1723 Connecticut Ave NW
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