Historic Retail Storefront
For Sale
Contact for pricing
3622 Georgia Ave NW, Washington, DC 20010
Single-tenant retail building with 3,615 SF, renovated in 2012 and zoned NC-8 for street retail uses.
Property Size3,615 SF
Price / SF$207.47
Days on Market158
Property Features for 3622 Georgia Ave NW
General Information
Standard status
Active
Size
3,615 SF
Property subtype
FLEX_R_AND_D
Zoning
NC-8
Site & Location
Neighborhood
Park View
Building Details
Year Built
1915
Year Renovated
2012
Tenancy
Single
Listing Agency:
ONE Street
(202) 867-5309
Listed By:
Kevin Brandes · License #DCSP98378229
(240) 813-9344
Source:
Moodyscre
Added: May 25
Changed: Oct 25
Last Checked: Oct 28 at 10:27AM
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
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Investment Insights
Based on property information with market context.
ONE Street Commercial Properties presents a single-unit retail storefront opportunity featuring a 3,615 SF building. The property was originally built in 1915 and renovated in 2012, combining historic character with updated functionality. Zoned NC-8, the space is positioned for retail and street retail investment.
The asset is located at 3622 Georgia Ave NW in Washington, DC. The surrounding area is described as a mix of historic charm and urban vibrancy, with nearby attractions including Tivoli Square and Meridian Hill Park, and the Columbia Heights area noted for retail, dining, and entertainment options.
The offering includes one retail unit in a street retail format, supported by the property’s single-tenant configuration and NC-8 zoning.
The asset is located at 3622 Georgia Ave NW in Washington, DC. The surrounding area is described as a mix of historic charm and urban vibrancy, with nearby attractions including Tivoli Square and Meridian Hill Park, and the Columbia Heights area noted for retail, dining, and entertainment options.
The offering includes one retail unit in a street retail format, supported by the property’s single-tenant configuration and NC-8 zoning.
Key Highlights
- 3,615 SF single‑tenant retail/street retail building in Washington, DC
- Renovated in 2012 with modernized functionality
- Single unit building, suited for retail and street retail investors or tenants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,999
Cap Rate
7.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,159,980
$1.2M
Cap Rate 7%
$828,557
$828.6K
Cap Rate 9%
$644,433
$644.4K
Market Conditions
NOI Build-Up for 3,615 SF
Gross rent
$86.8K $24.00/SF
− Vacancy
−$3.9K −$1.08/SF
EGI
$82.9K $22.92/SF
− OpEx
−$24.9K −$6.88/SF
NOI
$58.0K $16.04/SF
Area
Washington, DC
Vacancy
4.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,159,980
Cap Rate 7%
$828,557
Cap Rate 9%
$644,433
Alternative Uses
Best Use
Retail
$828.6K
$725.0K – $966.7K
NOI $57,999 @ 7.0% cap · market cap 7.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,161 @ 7.0% cap · market cap 17.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,154
Businesses Nearby
104k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 50%
Groceries 44%
Electronics 3%
Beauty & Spa 1%
Giant
Groceries
45,769 visits/mo
0.4 miles
Exxon
Shops & Services
13,952 visits/mo
0.4 miles
BP
Shops & Services
8,046 visits/mo
0.1 miles
7-Eleven
Shops & Services
6,996 visits/mo
0.5 miles
7-Eleven
Shops & Services
5,639 visits/mo
0.5 miles
Demographics for 20010, DC
32,663
Population
15,917
Households
2.1
Avg Household Size
33
Median Age
67%
College-Educated
87%
High-School Grad
1.0 sq mi
ZIP Area
32,663
Density / Sq Mi
$110,260
Median Household Income
$81,834
Median Earnings
$1,815
Median Rent
$868,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Washington, DC
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Frequently Asked Questions
What type of property is this?
Storefront property - Single-tenant retail building with 3,615 SF, renovated in 2012 and zoned NC-8 for street retail uses.
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/street retail building in Washington, DC; Renovated in 2012 with modernized functionality; Single unit building, suited for retail and street retail investors or tenants
