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3124 Georgia Ave NW 4,479 SF Vacant Retail Building Washington, DC 20010 $3,061,147 CAD ($683.44 CAD/SF)



Investment Highlights
- Turnkey Restaurant with a fully equipped commercial kitchen, including hood, grease trap, and all existing restaurant equipment in place
- Prime Petworth Location on Georgia Avenue NW one of Washington DC's primary north-south commercial corridors
- Flexible MU-4 Zoning
- Ideal Owner-User Opportunity to establish or expand their restaurant or hospitality concept in Washington DC.
- Charming Building with Character
- Strong DC Market Fundamentals
Executive Summary
Matthew Luchs and Matthew Ambrose with Zacuto Group, in partnership with Bang Realty are pleased to exclusively present 3124 Georgia Avenue NW, a ±4,479 square foot single-tenant retail asset on ±3,575 square feet of land, strategically positioned in the heart of Petworth, one of Washington, DC’s most dynamic and rapidly evolving neighborhoods. Purpose-built and currently configured as a turnkey restaurant, the property was formerly occupied by Reign Restaurant & Lounge DC and will be delivered fully vacant, offering immediate usability for an owner-user or a high-upside repositioning opportunity for an investor.
Offered for sale or lease, the asset provides rare flexibility in a supply-constrained market. The existing restaurant infrastructure, including buildout, layout, and key improvements, enables a seamless transition into a new food and beverage concept, materially reducing downtime, upfront capital expenditures, and execution risk.
Located along the highly trafficked Georgia Avenue corridor, the property commands excellent visibility, strong street presence, and consistent pedestrian and vehicular traffic. The surrounding area is supported by a dense and growing residential base, with continued multifamily development and retail expansion driving sustained demand for experiential dining and nightlife concepts.
3124 Georgia Avenue NW represents a rare opportunity to acquire or lease a true plug-and-play restaurant asset in a high-growth corridor, with the fundamentals, infrastructure, and location to support both immediate activation and long-term value creation
Offered for sale or lease, the asset provides rare flexibility in a supply-constrained market. The existing restaurant infrastructure, including buildout, layout, and key improvements, enables a seamless transition into a new food and beverage concept, materially reducing downtime, upfront capital expenditures, and execution risk.
Located along the highly trafficked Georgia Avenue corridor, the property commands excellent visibility, strong street presence, and consistent pedestrian and vehicular traffic. The surrounding area is supported by a dense and growing residential base, with continued multifamily development and retail expansion driving sustained demand for experiential dining and nightlife concepts.
3124 Georgia Avenue NW represents a rare opportunity to acquire or lease a true plug-and-play restaurant asset in a high-growth corridor, with the fundamentals, infrastructure, and location to support both immediate activation and long-term value creation
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
4,479 SF
Building Class
C
Year Built/Renovated
1912/2012
Price
$3,061,147 CAD
Price Per SF
$683.44 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.03
Lot Size
0.10 AC
Zoning
C2A
Frontage
32’ on Georgia Ave NW
Exceptionally walkable
90/100
Fairly drivable
40/100
Exceptional public transit
90/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2891-0114 | Improvements Assessment | $1,244,076 CAD |
| Land Assessment | $872,915 CAD | Total Assessment | $2,116,991 CAD |
Property Taxes
Parcel Number
2891-0114
Land Assessment
$872,915 CAD
Improvements Assessment
$1,244,076 CAD
Total Assessment
$2,116,991 CAD
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3124 Georgia Ave NW
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