Iconic Wisconsin & M Building Sells for $12.25 Million

The southeast corner of Wisconsin Avenue and M Street building sold for $12.25 million.
Tim Riethmiller
The southeast corner of Wisconsin Avenue and M Street building sold for $12.25 million.

One of the most recognized properties at Georgetown's most famous intersection was sold Feb. 21 for $12.2 million by the Heon family to 3150 M Street, LLC, a source close to the sale told the Georgetowner.

The 6,662-square-foot trophy retail space currently houses Serendipity 3 restaurant but is best known as the place, where Nathans, a Georgetown classic restaurant and watering hole, once stood. Nathans closed in July 2009, after 40 years.

The Heon family -- which sold the former Georgetown Theater property to Georgetown architect Robert Bell for redevelopment in October 2013 -- had owned the corner property for 100 years. During the middle of the 20th century, the family lived in the upper floors of 3150 M St., NW. For the present generation, this was where parents and grandparents lived. One family member said it was hard to let go of the property.

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Wed, 23 Jul 2014 18:10:59 -0400

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