3634 Georgia NW Ave, Washington, DC 20010-1621
- Retail space
- 3,534 SF
- 0.04 lot acres
Current Use by Public Records
- Retail space
Property Details for 3634 Georgia NW Ave
- Year built
- 1915
- Construction
- BRICK
- Lot size
- 0.04 lot acres
- Zone code
- NC-8
- Property type
- Retail space
- APN
- 2897 0131
- APU
- 28970131
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jul 11, 2008 | $1,424,999 | 3634 Avenue LLC | 3634 Georgia LLC | Warranty Deed | $990k · Banco Popular North Ameri |
| Sep 8, 2004 | $305,000 | 3634 Georgia LLC | First Dev LLC | Grant Deed | $425k · Branch Banking & Trust Co |
| — | — | 3634 Avenue LLC | — | Deed Of Trust · related | $990k · Branch Banking & Trust Co |
| — | — | 3634 Georgia LLC | — | Deed Of Trust · related | $978k · Mercantile Potomac Bank |
Description
This exceptional mixed-use property at 3634 Georgia Ave NW, Washington, DC 20010, offers a compelling investment opportunity. The 5,000 square foot building, fully renovated in 2015, boasts four full levels and is currently 100% occupied by three tenants. The ground floor houses a long-established bar with outdoor seating, generating consistent income. The upper two floors are vacant, presenting a flexible opportunity for either office or residential use, catering to a variety of potential tenants. The property benefits from its prime location in Columbia Heights, characterized by high foot traffic and ample street parking. The asking price is $3,400,000, translating to $680 per square foot. The permitted zoning is MIXED, RETAIL, reflecting the versatility of this location. The building's multi-tenant structure provides a diversified income stream. Proof of sufficient closing funds will be required.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $945,000
- 6.5%
- $870,000
- 7%
- $810,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $581,000
Market price range: $255k - $730k -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,080,000 Current use
- WAREHOUSE, STORAGE
- $1,110,000 Change: +3% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Washington
- County
- District Of Columbia
- State
- DC
- Longitude
- -77.0245
- Latitude
- 38.935
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
