This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
3619 NW Georgia Ave - Retail Condo
2,363 SF Retail Condo Unit Offered at $1,350,000 in Washington, DC 20010
Investment Highlights
- • Brand New Building!
- • Frontage on a High-Traffic Corridor
- • Close Proximity to National Retailers
- • Exceptional Foot/Vehicle Traffic
- • One Block from Petworth METRO
Executive Summary
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.
Property Facts
| Price | $1,350,000 | Building Class | A |
| Unit Size | 2,363 SF | Floors | 1 |
| No. Units | 1 | Typical Floor Size | 2,363 SF |
| Total Building Size | 2,363 SF | Year Built | 2022 |
| Property Type | Retail (Condo) | Tenancy | Single |
| Property Subtype | Storefront Retail/Residential | Lot Size | 0.11 AC |
| Sale Type | Investment or Owner User | Sale Conditions | Lease Option |
| Price | $1,350,000 |
| Unit Size | 2,363 SF |
| No. Units | 1 |
| Total Building Size | 2,363 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Residential |
| Sale Type | Investment or Owner User |
| Building Class | A |
| Floors | 1 |
| Typical Floor Size | 2,363 SF |
| Year Built | 2022 |
| Tenancy | Single |
| Lot Size | 0.11 AC |
| Sale Conditions | Lease Option |
1 Unit Available
Unit 1
| Unit Size | 2,363 SF | Cap Rate | 6.92% |
| Price | $1,350,000 | NOI | $93,420 |
| Price Per SF | $571.31 | Sale Conditions | Lease Option |
| Condo Use | Retail | APN/Parcel ID | 3032-0048 |
| Sale Type | Investment or Owner User |
| Unit Size | 2,363 SF |
| Price | $1,350,000 |
| Price Per SF | $571.31 |
| Condo Use | Retail |
| Sale Type | Investment or Owner User |
| Cap Rate | 6.92% |
| NOI | $93,420 |
| Sale Conditions | Lease Option |
| APN/Parcel ID | 3032-0048 |
Description
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
Sale Notes
Prime Retail Space for Sale/Lease in Washington, DC!
Attention, Savvy Investors! Noble Group with eXp Realty proudly presents an unparalleled opportunity—a 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 location—truly 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.
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.
Amenities
- 24 Hour Access
- Storage Space
Nearby Major Retailers
zoning
| Zoning Code | 048 - COMMERCIAL-RETAIL (Commercial-Retail-Condo. (CLASS 2): Unit in a predominately residential condo complex used for retail sales/service business.) |
| 048 - COMMERCIAL-RETAIL (Commercial-Retail-Condo. (CLASS 2): Unit in a predominately residential condo complex used for retail sales/service business.) |
-
Serif Soydan -
eXp Realty Commercial
Learn More About Investing in Retail Properties
Presented by
3619 NW Georgia Ave - Retail Condo
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.