5413 Georgia Ave Washington, DC 20011
- Commercial real estate
- 2,913 SF
- 0.03 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 5413 Georgia Ave
- Year built
- 1923
- Construction
- BRICK
- Lot size
- 0.03 lot acres
- Property size
- 2,913 SF
- Zone code
- MU-4
- Property type
- Commercial real estate
- APN
- 2996 0054
- APU
- 29960054
Description
This exceptional 3,000-square-foot retail space is ideally situated at 5413 Georgia Ave NW in Washington, DC, zip code 20011. The property, classified as Class B, was constructed in 1923 and is zoned MU-4 within the District of Columbia. The single-tenant space offers a unique opportunity for a variety of businesses. The layout comprises 1,500 square feet on the ground level and an additional 1,500 square feet on the lower level. A recent renovation ensures the space is move-in ready. This location boasts tremendous visibility and signage potential directly on Georgia Avenue, providing excellent exposure to high foot traffic. The property's zoning allows for a wide range of commercial uses, and there's even the potential to acquire an existing operational liquor business. This is a rare chance to secure a prime retail location in a vibrant and growing area of Washington, DC. The entire 3,000 square feet is currently vacant and available for lease. Interested parties should inquire for lease terms and conditions.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $830,000
- ML approach
- $965,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $960,000
- 6.5%
- $885,000
- 7%
- $825,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,075,000
Market price range: $864k - $1.88M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $1,270,000 Current use
- OFFICE BUILDING
- $1,170,000 Change: -8% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Washington
- County
- District Of Columbia
- State
- DC
- Longitude
- -77.0277
- Latitude
- 38.9556
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA