3232 Georgia AveWashington, DC 20010

Property Details for 3232 Georgia Ave

Year built

2013

Lot size

0.08 AC

Property size (Sq ft)

100,000 SF

Zone code

RF-1

Property type

High-rise multifamily apartments

APN

2892 0915

APU

28920915

Description

This exceptional 2,796-square-foot commercial property, located at 3232 Georgia Avenue NW, Washington, DC 20010, presents a unique investment opportunity. Situated at the corner of Georgia Avenue and Lamont Street in the vibrant Petworth submarket, this single-tenant space boasts excellent visibility from Georgia Avenue, while its primary entrance faces Lamont Street. Built in 2012, the property is zoned for commercial use and offers a flexible layout ideal for both office and retail uses. The space is currently configured as a traditional office, featuring 1,940 square feet on the street level and an additional 856 square feet on a mezzanine level overlooking the street. The mezzanine provides an added dimension of space and functionality. The conversion to retail space would be straightforward, making this property adaptable to a variety of business needs. Its convenient location, approximately half a mile from both the Petworth and Columbia Heights Metro stations, ensures easy access for employees, customers, and clients. This property offers a compelling combination of prime location, versatile space, and excellent accessibility, making it an attractive option for discerning businesses seeking a prominent presence in the thriving Petworth neighborhood. The property is available for lease.

• CAP approach

  CAP return

  Valuation

  6%

  $32,045,344

  6.5%

  $29,580,318

  7%

  $27,467,438

• Comparable approach

  Method

  Valuation

  Relative Method

  $25,886,550

  Geo Method

  $25,886,550

• Alternative Use

  Use

  Valuation

  Residential

  $29,580,318

  Hospitality

  $27,095,412

  Educational

  $22,543,066

  Medical

  $23,318,356

  Retail

  $35,066,992

Location Insight

City

Washington

County

District Of Columbia

State

DC

Latitude

38.9307

Longitude

-77.0242

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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