5111 Georgia AveWashington, DC 20011

  • Commercial real estate
  • 1,613 SF

Property Details for 5111 Georgia Ave

Year built
2021
Lot size
0.02 AC
Property size (Sq ft)
1,613 SF
Property type
Commercial real estate
APN
3002 2005
APU
30022005

Description

This exceptional retail property at 5111 Georgia Ave NW, Washington, DC 20011, offers 2,658 square feet of versatile space, ideal for a variety of commercial uses. Located in the vibrant Petworth submarket of Washington, D.C., this property boasts a prime location with high visibility and foot traffic. The space is currently entirely vacant, presenting a unique opportunity for a new tenant to establish their business. The building underwent a complete renovation in 2021, ensuring modern and updated facilities. The layout comprises 1,371 square feet on the ground floor and an additional 1,287 square feet in the basement, featuring an 8-foot ceiling. The property is zoned MU-4, allowing for a wide range of retail possibilities. Recent approvals for daycare use demonstrate the property's suitability for family-oriented businesses, while the zoning also accommodates other retail ventures. This is a rare chance to acquire a fully renovated, sizable retail space in a thriving Washington, D.C. neighborhood. The property's size and flexible zoning make it an attractive investment opportunity for both established businesses and new ventures seeking a strong foothold in a dynamic market. District of Columbia County location provides access to a diverse and growing customer base.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $470,556
    Hospitality
    $431,027
    Educational
    $358,609
    Medical
    $370,942
    Retail
    $557,836

Location Insight

City
Washington
County
District Of Columbia
State
DC
Latitude
38.9523
Longitude
-77.0272
CBSA code
47900
CBSA name
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$7,667
$139,400
$325,280
$464,680
-
$139,400
$325,280
$464,680

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