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WASHINGTON, DC–After twenty-five tours and five offers, Georgetown’s Canal Inn has sold at its full list price of $2.25 million, or $672 per square feet.
The 3,350-square foot Inn is about as old school Washington DC as one can get. Located at 1061 31st St., NW on Georgetown’s C&O Canal, it was built in 1831 and renovated in 2012. It has had many uses, including serving as an warehouse-distribution facility that used the canal for transportation at one time. Over the past three years it has been a bed-and-breakfast operated by a local innkeeper.
Marcus & Millichap is the nation’s largest brokerage firm focused exclusively on investment sales. It is based on a simple premise: matching each property with the largest pool of pre-qualified investors. With over 2,000 investment sales and financing professionals located throughout the United States and Canada, Marcus & Millichap is a leading specialist in commercial real estate investment sales, financing, research, and advisory services. Founded in 1971, the firm closed 8,954 transactions in 2020 with a value of approximately $43 billion. Marcus & Millichap has perfected a powerful system for marketing properties that combines investment specialization, local market expertise, the industry’s most comprehensive research, state-of-the-art technology, and relationships with the largest pool of qualified investors. To learn more about the company, please visit www.MarcusMillichap.com.