3124 Georgia Avenue NW
Matthew Luchs and Matt Ambrose with Zacuto Group are pleased to exclusively present for sale 3124 Georgia Ave NW — a ±4,479 SF single-tenant retail restaurant opportunity asset on ±3,575 SF of land, strategically positioned in the heart of Petworth, one of Washington, DC's most dynamic and rapidly evolving neighborhoods. Purpose-built and currently configured as a turnkey restaurant, the property was formerly occupied by Reign Restaurant & Lounge DC and will be delivered fully vacant, offering immediate usability for an owner-user or a high-upside repositioning opportunity for an investor.
Offered for sale or lease, the asset provides rare flexibility in a supply-constrained market. The existing restaurant infrastructure — including buildout, layout, and key improvements — enables a seamless transition into a new food and beverage concept, materially reducing downtime, upfront capital expenditures, and execution risk.
Located along the highly trafficked Georgia Avenue corridor, the property commands excellent visibility, strong street presence, and consistent pedestrian and vehicular traffic. The surrounding area is supported by a dense and growing residential base, with continued multifamily development and retail expansion driving sustained demand for experiential dining and nightlife concepts.
The building spans ±4,479 square feet and features a fully equipped commercial kitchen including a hood system, grease trap, and all existing restaurant equipment, providing immediate operational capability for a new operator. Additional parking is available at the rear of the property, offering convenience for both staff and guests. The property's MU-4 zoning designation supports a wide range of commercial uses, including restaurant, retail, entertainment, and mixed-use applications, providing flexibility for a variety of owner-user concepts or investment strategies.
- ±4,479 SF single-tenant retail/restaurant building on ±3,575 SF (0.08 AC) of land
- Turn-key F&B asset — fully built-out and delivered vacant for plug-and-play activation
- Fully equipped commercial kitchen: hood system, grease trap, and restaurant equipment included
- Former Reign Restaurant & Lounge DC — established F&B and entertainment use case
- MU-4 (Mixed-Use 4) zoning — restaurant, retail, entertainment, and mixed-use flexibility
- Heart of the Petworth / Georgia Avenue corridor — high foot traffic, strong street presence
- Dense, growing residential base with ongoing multifamily and retail expansion
- Rear parking for 4 vehicles — rare in this DC submarket
- Offered for sale at $2,250,000 ($502/SF building, $629/SF land)
- Available for sale or lease — flexibility for owner-users and investors alike
