For Sale $3,000,000
Property Type Retail - Street Retail
Property Size 5,000 SF
Units 1
Lot Size 0.04 Acre
Year Built 1915
Year Renovated 2005
Date Updated Nov 18, 2023

Located in the heart of the Petworth-Georgia Ave corridor, only a block and a half from the Georgia Ave-Petworth Metro Station.Investment ownership opportunity of a fully-leased downtown commercial building in the heart of the Petworth-Georgia Ave corridor. Located only a block and a half from the Georgia Ave-Petworth Metro Station with NMU-7B/GA zoning. Building offers a total of 4 floors, for a total approximate square footage of 5,000 SF. The bottom two floors include 2 bars, dining area, kitchen, and outdoor seating, and the upper two floors can be used as either office or additional retail space. The upper floors are accessible using a separate entrance. All levels currently leased (NNN).

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Highlights

Ownership opportunity in the heart of Petworth-Georgia Ave corridor.
NMU-7B/GA Zoning.
1 ½ blocks from the Georgia Ave-Petworth Metro Station.
All levels currently leased (NNN).
5.81% Cap Rate with an NOI of $174,300.

Contacts

Andrew Hunt

Long & Foster Commercial

(301) 806-6244

Location

Getting Around

Walk Score ®
97/100 Walker's Paradise
Transit Score ®
73/100 Excellent Transit
Bike Score ®
88/100 Very Bikeable

Map
Street

City Washington, DC
Neighborhood Park View
Zip Code 20010
Market Washington DC Suburban Maryland

Frequently Asked Questions

What is the lease rate for 3634 Georgia Ave NW?

Rental asking rate at 3634 Georgia Ave NW is $1,500,000.00/YR.

What is the total square footage of 3634 Georgia Ave NW?

3634 Georgia Ave NW totals 5,000 square feet.

When was this property built?

3634 Georgia Ave NW was built in 1915.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker

Andrew Hunt

Long & Foster Commercial

(301) 806-6244

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3634 Georgia Ave NW, Washington, DC 20010 - Retail Space

This listing is located at 3634 Georgia Ave NW in the Park View neighborhood, in Washington, DC, 20010. The building incorporates a total of 5,000 SF Class retail space and is situated on a lot that is 0.04 Acre in size. 3634 Georgia Ave NW that was completed in 1915. This property is one of 4 retail buildings in Washington that are at least 50,000 square feet in size.

At city level, the local retail market incorporates 1 class A+ retail buildings, 9 class A retail Buildings, 4 class B retail buildings, 1 class C retail buildings. A total of 2 local retail properties have achieved LEED certification. For investor consideration, the average asking rate for retail space in Washington is $44.31/SF/YR across all property classes. Retail building sale prices in Washington average $2,145,500.

The average rent rate for retail space in the neighborhood, across all property classes, is $44.31/SF/YR. Retail building sale prices in Park View average $2,145,500.

3634 Georgia Ave NW