3421 Connecticut Avenue NW

Washington, D.C. 20008

Offering Memorandum

The Offering

Summary

  • List Price $2,400,000
  • Gross Leasable Area 4,104 SF + Roof Deck
  • Lot Size 2,660 SF
  • Property Type Retail
  • Property Subtype Restaurant
  • Neighborhood Cleveland Park
  • Adjacent Metro Station Cleveland Park (Red Line)
  • Zoning NC-3

Investment Summary

Feldman Ruel Urban Property Advisors is pleased to offer for sale 3421 Connecticut Avenue NW, a two-level retail property that features a full kitchen, multiple wet bars, a large bar/dining area and covered roof deck. The property has been leased to the Cleveland Park Bar & Grill since 2005. It is conveniently located along a major commuter artery in the Cleveland Park submarket surrounded by numerous other retailers and is only steps away from the Cleveland Park Metro station which serves the Red Line. The vibrant mix of restaurants and other retail, convenient transportation options, and its close proximity to the National Zoo creates a thriving commercial environment for any successful business. The property is currently leased through August of 2024 which provides a new owner time to negotiate a lease extension with the current tenant, secure a new tenant if terms cannot be agreed upon with the current tenant, or make arrangements to occupy the property for its own use.

Investment Highlights

● Rare Cleveland Park Investment Opportunity with Owner-User Optionality

● Long-Term Below-Market Lease Expires in Q3 2024

● Occupied by the Cleveland Park Bar & Grill Since 2005
● 2nd Generation Restaurant Property with Roof Deck and Potential for Public Space Sidewalk Café

● Only Steps Away from the Cleveland Park Metro Station Along the Red Line

● Located Along a Major Commercial Artery with Strong Traffic Counts of 27,179 VPD

Listing Agents

Josh Feldman

Managing Principal
Direct: (202) 318-6833

Ian Ruel

Managing Principal
Direct: (202) 318-6844

Adam Costanzo

Senior Associate
Direct: (202) 318-6826