1048 WISCONSIN AVENUE NW
1048 Wisconsin Avenue NW – Georgetown, Washington DC
SQUARE FOOTAGE: 8,855 SF total:
First floor (2,887 SF)
Second floor (2,046)
Third floor (2,220)
Basement (1,702 SF)
SALE PRICE: $8.855 Million / $1,000 PSF
RENT: Asking $39,000 NNN/Month | $468,000 NNN/Year
Current Estimates for RE Taxes: $70,000 per year/ $7.90 PSF
Current Estimates for Insurance: $6,000 per year/ $0.68 PSF
IDEAL USES: Fast Casual Restaurants, Full Service Restaurants, Retail, Fitness and Services
AVAILABILITY: Immediate
THE SITE:
- Free-standing flagship property in historic Georgetown, DC (formerly Patagonia)
- (9) Parking Spaces
- Concrete structural floors with wood-plank flooring on 1st & 2nd floors
- Fully sprinklered building
- Separate delivery loading doors on street level
- Highly desirable iconic retail building just 364 feet away from the intersection of Wisconsin Avenue and M Street
- A mere 528 feet away from the Potomac Waterfront
- Outdoor patio area just off the entrance to the building overlooking the C&O Canal
- North elevation of the building is fronting the Historic C & O Canal and Towpath, which is currently under construction for renovation
NEIGHBORHOOD: 1048 Wisconsin Avenue NW, Georgetown, DC – Exclusive retail space for lease in the heart of sought-after Georgetown. Ideal for national and online retailers looking to open their first DC location. Surrounded by 2 of DC’s most prestigious colleges (Georgetown University and George Washington University), Potomac Waterfront, Kennedy Center, Boathouse, and highly affluent residents. Perfect location to establish a business presence.
C&O CANAL: Plans are in the works to revitalize the first mile of the C&O Canal in Georgetown. Construction has already begun. The project is being designed by James Corner Field Operations, the landscape architecture firm that shaped New York’s High Line and Cleveland’s Public Square. Click here to read more
PUBLIC PARKING: Situated steps away from Georgetown Park’s parking garage, which offers 450 parking spaces that are available to the public on an hourly or daily basis, 24-hours a day.
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