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3619 Georgia Ave Washington, DC 20010

OFF-MARKET Retail properties & Spaces Google Maps
2,363 SF Built 2022
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

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 profile

Verified
Property type Retail properties & Spaces
Year built 2022
Total area 2,363 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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