For Sale
$1,350,000

3619 Georgia Ave Washington, DC 20010

Prime DC storefront, high traffic area.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional 2,363 square foot storefront, located at 3619 Georgia Ave NW, Washington, DC 20010, presents a lucrative investment opportunity. Built in 2022, this vacant property boasts a prime location on a high-traffic corridor, just one block from the Petworth Metro station. The building features expansive floor-to-ceiling windows, maximizing visibility and attracting significant foot and vehicle traffic. Its strategic placement near national retailers such as Marshalls, Target, CVS, Best Buy, Safeway, and Giant ensures high consumer traffic and brand synergy. The property is zoned for commercial retail (048 - COMMERCIAL-RETAIL) and offers a flexible layout suitable for various retail concepts. The asking price is $1,350,000, with a projected net operating income (NOI) of $93,475 and a pro-forma cap rate of 6.92%. The property is available for sale as an owner/user investment. The building comprises a 1,658 square foot upper level and a 705 square foot lower level. This represents a unique chance to acquire a brand-new, high-visibility retail space in a thriving Washington, DC neighborhood with approximately 75,000 residents within a one-mile radius. The property's strong location and projected returns make it an attractive investment for savvy buyers.

Highlights

  • Brand new construction.
  • High foot and vehicle traffic counts.
  • Prominent location on a major thoroughfare.
  • One block from the Petworth Metro station.
  • Nearby national retailers.

Property Details for 3619 Georgia Ave

Property type
Retail properties, Retail space
Square Feet
2,363 SF
Year Built
2022

Location Insight

City
Washington
County
District Of Columbia
State
District of Columbia
Latitude
38.935250684706
Longitude
-77.02385790717

FAQs

What type of property is this?
Retail property - Prime DC storefront, high traffic area.
Where is the retail property located?
The property is located at 3619 Georgia Ave Washington, DC.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Brand new construction.; High foot and vehicle traffic counts.; Prominent location on a major thoroughfare.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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3619 Georgia Ave
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