Current Use by Public Records
- Retail properties & Spaces
Property Details for 3619 Georgia Ave
- Year built
- 2022
- Property type
- Retail properties & Spaces
- Property subtype
- Retail space
Description
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.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Washington
- County
- District Of Columbia
- State
- DC
- Longitude
- -77.0239
- Latitude
- 38.9352
