Three-Level Retail Storefront with
33223324 GEORGIA AVENUE NW Washington, DC 20010
For Sale
$1,498,000
Three-level retail property with prominent street frontage and two rear parking pads for flexible use.
Property Size2,800 SF
Price / SF$535
Days on Market86
Property Features for 33223324 GEORGIA AVENUE NW
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Retail
Building Details
Year Built
1910
Listing Agency:
W F Chesley Real Estate, LLC.
(301) 509-5169
Listed By:
Andrew MacPherson
(301) 509-5169
Source:
Xome
Added: May 3
Changed: Jul 24
Last Checked: Jul 27 at 2:34AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of W F Chesley Real Estate, LLC.
Investment Insights
Based on property information with market context.
This for-sale three-level retail property at 3322–3324 Georgia Avenue NW offers a flexible, multi-use footprint with prominent street frontage and two rear parking pads. The space is described as a blank canvas for an owner or tenant fit-out, supporting a range of potential concepts.
The property is positioned in the Petworth/Park View area of northwest Washington, DC, with convenient access to multiple bus lines. The Georgia Ave–Petworth Metro station is approximately a third of a mile away.
The listing describes the corridor as transitioning from primarily residential to a more active commercial environment, with several new residential and mixed-use projects completed or underway nearby.
The property is positioned in the Petworth/Park View area of northwest Washington, DC, with convenient access to multiple bus lines. The Georgia Ave–Petworth Metro station is approximately a third of a mile away.
The listing describes the corridor as transitioning from primarily residential to a more active commercial environment, with several new residential and mixed-use projects completed or underway nearby.
Key Highlights
- Approximately 2,800 SF, three‑level property built in 1910
- Prominent street frontage on Georgia Ave
- Two rear parking pads plus on‑street parking
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $67.2k | $24.00 |
| − Vacancy | −$3.0k | −$1.08 |
| EGI | $64.2k | $22.92 |
| − OpEx | −$19.3k | −$6.88 |
| NOI | $44.9k | $16.04 |
2,800 SF · lease $24.00/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$641.8K
$561.5K – $748.7K
NOI $44,923 @ 7.0% cap · market cap 3.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.44M
$1.26M – $1.68M
NOI $100,816 @ 7.0% cap · market cap 6.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- LUGO Flowers — 936 Philadelphia Ave 2nd floor, Silver Spring, MD 20910
Frequently Asked Questions
What type of property is this?
Storefront property - Three-level retail property with prominent street frontage and two rear parking pads for flexible use.
Where is this storefront property located?
The property is located at 33223324 GEORGIA AVENUE NW Washington, DC.
What is the asking price?
The asking price for this property is $1,498,000.
What are key features of this property?
This property features: Approximately 2,800 SF, three‑level property built in 1910; Prominent street frontage on Georgia Ave; Two rear parking pads plus on‑street parking
