3619 Georgia Ave Washington, DC 20010
Property profile & analytics
Location Intelligence
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 retail storefront, located at 3619 Georgia Ave NW in Washington, DC, 20010, presents a unique investment opportunity. Built in 2022, this single-tenant space is zoned COMMERCIAL-RETAIL and boasts a prime location on a high-traffic corridor, just one block from the Petworth Metro station. The property features significant foot and vehicle traffic, ensuring maximum visibility for your business. The space is divided into an upper level (1,658 sq ft) and a lower level (705 sq ft), offering flexibility for various retail concepts. Lease rates are $45 per square foot NNN for the upper level and $30 per square foot NNN for the lower level. Alternatively, the entire property is available for purchase at $1.4 million. The property benefits from its proximity to numerous national retailers, including Marshalls, Target, CVS, Best Buy, Safeway, and Giant, further enhancing its appeal and potential for success. This vibrant location is surrounded by a community of approximately 75,000 residents within a one-mile radius. The property's design includes expansive floor-to-ceiling windows, maximizing natural light and showcasing your business to passersby. This presents a compelling investment opportunity with a projected monthly net income of $7,980 and a 6.8% capitalization rate.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Washington
- County
- District Of Columbia
- State
- DC
- Longitude
- -77.0239
- Latitude
- 38.9352
