Noma / Bloomingdale Restaurant for Sale (NW DC)

1837 1st
Washington D.C.
20001

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Property Description

SOLD – February 2019

1837 1st Street, NW

Washington, DC

The Opportunity

An ongoing restaurant with full kitchen, separate bar, liquor license, and large front and rear patio, available for purchase in northwest DC.  Excellent opportunity to get into an operating restaurant in a neighborhood with rising incomes and populations – with exceptionally low rent.  All equipment and POS included in the purchase price (no real estate included).  Walkable to Metro.  NDA required for details.

The Neighborhood

Located in one of the most sought after markets of the city, the Bloomingdale / Noma neighborhood is on target to soon become one of the most densely populated sections of DC.  Noma’s high-income apartment residences and offices combine with its status as transportation hub, with nearby Union Station receiving 40 million visitors per year.  Next door Bloomingdale is recognized as a trendy neighborhood with nationally recognized restaurants such as Red Hen and local draws like Big Bear Cafe and Boundary Stone, with multiple large scale developments underway, including McMillan Reservoir, which will soon anchor the immediate north of the neighborhood.

Asking Price:  $125,000

Lease:  $4500 / month (including pass-through charges)

Lease Term: 7 years remaining, with 2 additional five year options

Size:  2300 s.f., plus front and back outdoor patio

Washington DC restaurant for sale

Basic Details
Building Type : RetailSold/Leased
Price : $95,000
Size : 2,300 Sqft
BUSINESS : Yes
Address Map
Street : 1st
Street Number : 1837
Floor Number : 0
Neighborhood
Neighborhood
Retail Sold/Leased
  • Size : 2,300 Sqft
$95,000
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