1065 Wisconsin Ave — Sale in Washington, DC

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Washington, DC 20007
  • Year built: 1960

Photos

1065 Wisconsin Ave — Sale in Washington, DC, photo 1 of 2
1065 Wisconsin Ave — Sale in Washington, DC, photo 2 of 2

Investment Figures

Cap rate
6.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap, on behalf of Ownership, is pleased to present the opportunity to acquire 1065 Wisconsin Avenue NW, a 6,906 square foot, lower management, three-tenant retail building in the heart of Washington, DC’s Georgetown neighborhood (the “Offering”). Originally constructed in 1800’s, and most recently renovated in 2018, the two-story building is 100% leased to three well-known brands. Andy’s Pizza and South Moon Under occupy the ground floor, while Club Pilates occupies the entire second floor. The exceptionally well-located property is a rare chance for an investor to purchase in a highly desired, internationally-known corridor. Near-Term Mark-to-Market Opportunity The building's largest tenant is South Moon Under. The Mid-Atlantic specialty apparel retailer leases 3,001 square feet with 45 feet of frontage along Wisconsin Avenue. Its lease expires in April 2032 with no renewal options. As the first scheduled rollover, this prime ground-floor storefront represents a mark-to-market opportunity in one of the region’s most desirable retail markets, or the ability to negotiate a new long-term extension at market rents. As evidenced by the $100 PSF rental rate obtained for the neighboring Andy’s space (compared to the present $91 PSF for South Moon Under), demand for space should easily allow ownership to increase the rental rate by $10-20 PSF in 2032 with continued demand from national and regional brands seeking to enter the highly competitive Georgetown market. Two Newly Signed, Long-Term Leases Andy’s Pizza executed a new 10-year lease in 2025, featuring annual increases and two renewal options. Andy’s Pizza is a fast-growing, Washington, DC–based pizza concept, and the lease is backed by a corporate guaranty from affiliated Andy’s entities. The second floor is leased to Club Pilates, a national boutique-fitness franchise and Xponential Fitness brand. The lease, backed by a two-unit franchisee, has landlord favorable annual increases. The space carries a

Market Context

This retail in Washington, DC is listed for sale. It is offered at an approximate 6.0% capitalization rate, a key benchmark for income-producing retail assets. The building dates to 1960. Compare it against other retail listings for sale in Washington, DC — view the full market.

Estimated Price per SF

$195.94/SF – $1,425/SF

Mid: $593.76/SF

About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.

Contact

Explore this market

Similar Retail Business for Sale in Washington, DC