1042 Wisconsin Avenue NW
Washington, D.C. 20007
The Offering
Summary
- List Price $6,650,000
- Gross Leasable Area 8,400 SF
- Lot Size 4,455 SF
- Price Per SF $791.67
- Lot Width/Street Frontage 49'06"
- Zoning MU-12
- Occupancy 100%
- Lease Expiration December 2027
Investment Summary
Feldman Ruel is pleased to exclusively offer for sale 1042 Wisconsin Avenue NW, a two-level, 8,400-square-foot retail property in the heart of Georgetown, one of the most supply-constrained and enduring retail submarkets in the Washington, D.C. area. The property is currently leased to SoulCycle at a below-market rent through the end of 2027. With the tenant not renewing, a purchaser inherits a defined, near-term window to retenant the asset at market rent, either to a single user across both levels or independently by level. This full- or partial-user optionality, combined with 49.5 feet of street frontage and its location less than 500 feet from Georgetown’s main intersection, positions 1042 Wisconsin Avenue NW to appeal to a broad range of prospective users as well as traditional investors. The offering is further supported by Georgetown's ongoing retail renaissance, evidenced by institutional capital commitments, record visitation, and marquee tenant leasing activity from brands including Uniqlo, Suit Supply, Google, and Ikea.
