5111 Georgia Ave Washington, DC 20011
- Commercial real estate
- 1,613 SF
- 0.02 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 5111 Georgia Ave
- Year built
- 2021
- Lot size
- 0.02 lot acres
- Property size
- 1,613 SF
- Property type
- Commercial real estate
- APN
- 3002 2005
- APU
- 30022005
Description
This exceptional retail property at 5111 Georgia Ave NW, Washington, DC 20011, offers 2,658 square feet of versatile space, ideal for a variety of commercial uses. Located in the vibrant Petworth submarket of Washington, D.C., this property boasts a prime location with high visibility and foot traffic. The space is currently entirely vacant, presenting a unique opportunity for a new tenant to establish their business. The building underwent a complete renovation in 2021, ensuring modern and updated facilities. The layout comprises 1,371 square feet on the ground floor and an additional 1,287 square feet in the basement, featuring an 8-foot ceiling. The property is zoned MU-4, allowing for a wide range of retail possibilities. Recent approvals for daycare use demonstrate the property's suitability for family-oriented businesses, while the zoning also accommodates other retail ventures. This is a rare chance to acquire a fully renovated, sizable retail space in a thriving Washington, D.C. neighborhood. The property's size and flexible zoning make it an attractive investment opportunity for both established businesses and new ventures seeking a strong foothold in a dynamic market. District of Columbia County location provides access to a diverse and growing customer base.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $285,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $315,000
- 6.5%
- $305,000
- 7%
- $295,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $315,000
- Geo Method
- $310,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $305,000
- Retail
- $255,000
- Mixed-Use
- $325,000
- Hospitality
- $335,000
- Educational
- $265,000
- Residential Income
- $305,000
- Energy
- $270,000
- Income-Based Land
- $245,000
- Food Service
- $320,000
Location Insight
- Map
- Local Demand
- City
- Washington
- County
- District Of Columbia
- State
- DC
- Longitude
- -77.0272
- Latitude
- 38.9523
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA