Property

Washington, DC 20010 3619 Georgia NW

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Presented By: EXP Realty, LLC
  • MLS# DCDC2153528
  • 08/05/2024
  • Request Tour
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  • SQFT • 2,363

Home Details

Prime Retail Space for Sale/Lease in Washington, DC! For Lease: $50/15 Per SQFT NNNFor Sale: $1.35 Million Key Features: Brand New Building! Exceptional Foot/Vehicle Traffic Frontage on a High-Traffic Corridor One Block from Petworth METRO Close Proximity to National Retailers Total Rentable Space: 2,363 Sqft Upper Level: 1,658 Sqft at $50/Sqft Plus NNN Lower Level: 705 Sqft at $15/Sqft Plus NNN Attention, Savvy Investors! Noble Group with eXp Realty proudly presents an unparalleled opportunitya prestigious location at THE EXCHANGE in Washington, DC. This spacious 2,363 Sqft retail space offers maximum visibility with expansive floor-to-ceiling windows, strategically positioned along a bustling retail corridor in Washington, DC. It presents flexibility for various retail concepts, ensuring compatibility with your vision. With direct frontage on Georgia Ave NW, your investment will benefit from unmatched visibility and accessibility due to significant foot and vehicle traffic. This retail space is at the heart of a vibrant community with approximately 75,000 residents within a 1-mile radius. Imagine the exposure your business could achieve in this high-traffic locationtruly prime real estate! THE EXCHANGE is near renowned national retailers such as Marshalls, Target, CVS, Best Buy, Safeway, Giant, and more. The synergy and foot traffic generated by these esteemed neighbors will undoubtedly benefit your business. The possibilities are endless with the consistent flow of potential patrons from nearby retail visitors. This prime location retail store offers the flexibility to choose between a sale or lease, aligning perfectly with your investment strategy. Priced at $1,350,000, this opportunity comes with an Absolute Net Lease, promising a fruitful investment journey. With a projected monthly net income of $7,790, you can expect a remarkable 6.92% capitalization rate, ensuring a compelling return on your investment. Now is the time to acquire premium commercial property in Washington, DC. Contact Noble Group with eXp Realty today to explore this remarkable opportunity and watch your business flourish like never before.
Presented By: EXP Realty, LLC

Interior Features for 3619 Georgia NW

Other Interior Features

Central Air Y/NYes
Heating FuelElectric
Heating Y/NYes
Hot WaterElectric

General for 3619 Georgia NW

AccessibilityLevel Entry - Main
Association Recreation FeeN
Business TypeOther/General Retail
Cap Rate6.92
CityWASHINGTON
Construction Completed Y/NYes
Construction MaterialsOther
Cool FuelElectric
CoolingCentral A/C
CountyWASHINGTON
Days on Market59
DirectionsOn Georgia Ave
HeatingHeat Pump(s)
Historic Y/NNo
Lease Considered Y/NYes
Legal SubdivisionColumbia Heights
ModificationTimestamp2024-09-24T00:11:23
Net Operating Income93475.00
New ConstructionYes
NumberOfUnitsTotal1
Percent OwnershipCondominium
Possession0-30 Days CD, 31-60 Days CD
Price Per Sq Ft Total AG571.31
Property ConditionExcellent
Property SubTypeRetail
Property TypeCommercial Sale
Property UseOwner User
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Subdivision NamePARK VIEW
Tax Annual Amount15206.0
Tax Assessed Value921600.0
Tax Lot2011
Tax Year2023
Total Actual Rent93475.00
Vacation Rental Y/NNo
Virtual TourClick here
Water Access Y/NNo
Waterfront Y/NNo
Year Built2022
Year Built SourceAssessor
Zoning048 - COMMERCIAL-RETAIL

Exterior for 3619 Georgia NW

Building Area Total2363.00
Car Parking Spaces
Land Assessed Value276480.00
Land Use Code
Lot Dimensions0.00 x 0.00
LotDimensionsSourceAssessor
Navigable Water Y/NNo
Soil TypesUrban Land Not Rated
Total Loading Docks0
Total Parking Spaces0
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Chris Correira

Loan Officer
Price $1,350,000
MLS#DCDC2153528
List Date 08/05/2024
Property Type Commercial
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