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    3619 Georgia Ave Washington, DC 20010

    Sponsored
    For Sale
    $1,350,000

    Prime DC storefront, high traffic area.

    Property size:
    2,363 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2,363 square foot storefront, located at 3619 Georgia Ave NW, Washington, DC 20010, presents a lucrative investment opportunity. Built in 2022, this vacant property boasts a prime location on a high-traffic corridor, just one block from the Petworth Metro station. The building features expansive floor-to-ceiling windows, maximizing visibility and attracting significant foot and vehicle traffic. Its strategic placement near national retailers such as Marshalls, Target, CVS, Best Buy, Safeway, and Giant ensures high consumer traffic and brand synergy. The property is zoned for commercial retail (048 - COMMERCIAL-RETAIL) and offers a flexible layout suitable for various retail concepts. The asking price is $1,350,000, with a projected net operating income (NOI) of $93,475 and a pro-forma cap rate of 6.92%. The property is available for sale as an owner/user investment. The building comprises a 1,658 square foot upper level and a 705 square foot lower level. This represents a unique chance to acquire a brand-new, high-visibility retail space in a thriving Washington, DC neighborhood with approximately 75,000 residents within a one-mile radius. The property's strong location and projected returns make it an attractive investment for savvy buyers.

    Property Features for 3619 Georgia Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,363 SF

    Building Details

    Year Built
    2022

    HighLights

    • Brand new construction.
    • High foot and vehicle traffic counts.
    • Prominent location on a major thoroughfare.
    • One block from the Petworth Metro station.
    • Nearby national retailers.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Washington
    County
    District Of Columbia
    State
    District of Columbia
    Longitude
    -77.02385790717
    Latitude
    38.935250684706

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    FAQs

    What type of property is this?
    Individual retail property - Prime DC storefront, high traffic area.
    Where is this individual retail property located?
    The property is located at 3619 Georgia Ave Washington, DC.
    What is the asking price?
    The asking price for this property is $1,350,000.
    What are key features of this property?
    This property features: Brand new construction.; High foot and vehicle traffic counts.; Prominent location on a major thoroughfare.
    Request Owner's contact information
    3619 Georgia Ave Washington, DC 20010
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3619 Georgia Ave Washington, DC 20010
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