Renovated Single-Unit Retail
3622 Georgia Ave NW Washington, DC 20010
3622 Georgia Ave NW, Washington, DC, 20010
Contact for pricing
For Sale
Contact for pricing
Renovated single-tenant retail storefront in Washington, DC with NC-8 zoning.
Property Size1,395 SF
Price / SF$537.63
Days on Market58
Property Features for 3622 Georgia Ave NW
General Information
- Standard status
- Active
- Size
- 1,395 SF
- Property subtype
- FLEX_R_AND_D
Listing agency
ONE Street
(240) 813-9344
Listed by
Kevin Brandes · License #DCSP98378229
Source
Moodyscre
Added: May 25 Updated: Jul 20 at 9:34PM Checked: Jul 21 at 5:33AM
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 ONE Street
Investment Insights
Based on property information with market context.
One Street Commercial Properties presents a renovated, single-unit retail storefront at 3622 Georgia Ave NW in Washington, DC. The property includes a 3,615 SF building with one retail unit. The asset traces its history to 1915 and was updated for modern functionality in 2012, combining historic character with more contemporary improvements.
Zoned NC-8, the property offers versatile prospects for retail and street retail use within the Washington area. The surrounding area is described as a mix of historic charm and urban vibrancy, with Columbia Heights nearby and retail, dining, and entertainment options. Reported nearby attractions include Tivoli Square and Meridian Hill Park, supporting a retail-focused setting for businesses looking to establish a presence in this commercial hub.
Zoned NC-8, the property offers versatile prospects for retail and street retail use within the Washington area. The surrounding area is described as a mix of historic charm and urban vibrancy, with Columbia Heights nearby and retail, dining, and entertainment options. Reported nearby attractions include Tivoli Square and Meridian Hill Park, supporting a retail-focused setting for businesses looking to establish a presence in this commercial hub.
Key Highlights
- 3,615 SF single‑tenant retail building on a street retail setting in Washington, DC
- Renovated for modern functionality in 2012 with historic history dating back to 1915
- Zoned NC‑8, supporting retail and street retail uses
Local 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 | $33.5k | $24.00 |
| − Vacancy | −$1.5k | −$1.08 |
| EGI | $32.0k | $22.92 |
| − OpEx | −$9.6k | −$6.88 |
| NOI | $22.4k | $16.04 |
1,395 SF · lease $24.00/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$319.7K
$279.8K – $373.0K
NOI $22,381 @ 7.0% cap · market cap 2.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$717.5K
$627.9K – $837.1K
NOI $50,228 @ 7.0% cap · market cap 6.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Sneakers N Tingz
Clothing & Fashion Store
Puff Ultra Premium
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Petal DC — Kenyon St NW, Washington, DC 20010
- Bees Flower Shop LLC — 3045 15th St NW #7, Washington, DC 20009
- Lidia's Floral Design — 3324 17th St NW, Washington, DC 20010
- Anuheas Same Day Flower Delivery Inc. — 1340 park rd nw, washington, dc 20010
- Cositas de Lu — 3636 16th St NW, Washington, DC 20010
FAQs
What type of property is this?
Storefront property - Renovated single-tenant retail storefront in Washington, DC with NC-8 zoning.
Where is this storefront property located?
The property is located at 3622 Georgia Ave NW Washington, DC.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 3,615 SF single‑tenant retail building on a street retail setting in Washington, DC; Renovated for modern functionality in 2012 with historic history dating back to 1915; Zoned NC‑8, supporting retail and street retail uses
