4422 Georgia AveWashington, DC 20011

Property Details for 4422 Georgia Ave

Year built

2021

Lot size

0.02 AC

Property size (Sq ft)

1,887 SF

Property type

Commercial real estate

APN

2917 2001

APU

29172001

Description

This exceptional 4,626 square foot retail property, located at 4422-4424 Georgia Avenue NW in Washington, DC 20011, presents a unique investment and/or leasing opportunity. Situated on a signalized corner lot, this two-level space boasts high visibility to approximately 26,000 vehicles daily. The property is currently vacant and offers direct street access within a mixed-use building. The asking price is $3,000,000, and lease terms are NNN. Rental rates are $40 per square foot (NNN) for the street level and $25 per square foot (NNN) for the lower level, with a total NNN expense of $5.33 per square foot. The property's ideal location, just minutes from the Georgia Ave-Petworth Metro Station and a Safeway, ensures high pedestrian and vehicular traffic. The surrounding area boasts a substantial population of 179,207 with an average household income of $190,448, creating a strong market for retail businesses. The property owner is open to providing a construction allowance or even building out the space to suit a tenant's specific needs. This makes it an excellent fit for a variety of uses, including coffee shops, medical practices, urgent care facilities, dental offices, daycares, day spas, or home design stores. Don't miss this chance to secure a prime retail location in a thriving Washington, DC neighborhood.

• Alternative Use

  Use

  Valuation

  Residential

  $558,181

  Hospitality

  $511,290

  Educational

  $425,388

  Medical

  $440,017

  Retail

  $661,714

Location Insight

City

Washington

County

District Of Columbia

State

DC

Latitude

38.9442

Longitude

-77.0263

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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