Prime Retail Condo at Signalized Intersection 4422-4424 Georgia Ave NW
4,626 SF Retail Condo Unit Online Auction Sale Washington, DC 20011
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INVESTMENT HIGHLIGHTS
- Premier 4,626-SF two-level shell-condition retail unit available on the 1st and 2nd floors in a modern asset with an attractive façade in DC.
- Dynamic opportunity to acquire desirable spaces primed for a new business to flourish in a bustling market within a heavily trafficked destination.
- Lucratively encompassed by an affluent population of 769,624 residents within a 5-mile radius producing an average household income of $138,700.
- Incredibly positioned with unmissable visibility at a signalized intersection off major thoroughfare Georgia Ave NW/US 29 in front of 20,432 VPD.
- Excellent for many business uses, including a coffee shop, medical practice, urgent care, dental care, daycare, a spa, a home design store, and more.
- Advantageously positioned 3 miles north of Downtown Washington, DC, in the Uptown retail submarket, seeing rental increases of 4.1% year over year.
EXECUTIVE SUMMARY
Contemporary two-floor retail unit located on the ground and lower level at 4422-4424 Georgia Avenue NW, in Washington, DC. This 4,626-square-foot opportunity offers direct street access in a mixed-use building, making it an ideal location for a variety of businesses. Currently in shell condition, the space is perfect for diverse business opportunities, including a coffee shop, medical practice, urgent care, dental care, daycare, a day spa, a home design store, and more. A new owner could easily find themselves occupying this asset for the benefit of their own business to flourish in a prime destination or for an investor to lease up each level to either a single tenant or two retailers at impressive Uptown retail submarket rents. Located at a heavily trafficked signalized corner lot at 4422-4424 Georgia Avenue NW, this retail property offers extreme visibility in front of 20,432 vehicles passing daily. Just minutes from the Georgia Ave-Petworth Metro Station and Safeway, it's easily accessible for both pedestrians and commuters. The area has a dense population of 769,624 residents with an average household income of $138,700 within a 5-mile radius, making it an ideal location for retail businesses seeking strong community engagement and exposure. This robust population has an exceptional spending power of more than $11.8 billion annually and is joined by an impressive daytime employment of 784,200 employees. Experience all that 4422-4424 Georgia Avenue NW has to offer as its modernized, attractive façade will captivate future consumers to a business’ doorstep. Optimally located just 3 miles north of Downtown Washington, DC, in the Uptown retail submarket, seeing rental increases of 4.1% year over year, this acquisition is primed for a new owner to thrive whether it is for their own retail use or as an investor seeking to flourish through valuable upside. Open House - Friday 2/21 from 1:00 PM to 2:00 PM. Call Deniz to confirm your appointment at 571-271-6604.
OFFERING MEMORANDUM Click Here to Access
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Title and Insurance
PROPERTY FACTS
| Unit Size | 4,626 SF |
| No. Units | 1 |
| Total Building Size | 11,565 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Office |
| Sale Type | Investment |
| Building Class | C |
| Floors | 5 |
| Typical Floor Size | 2,313 SF |
| Year Built | 2020 |
| Lot Size | 0.07 AC |
| Parking Ratio | 0.09/1,000 SF |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
1 UNIT AVAILABLE
Unit 100
| Unit Size | 4,626 SF |
| Condo Use | Retail |
| Sale Type | Investment |
DESCRIPTION
Lower Level and First Floor Space.
DEMOGRAPHICS
Demographics
AMENITIES
- Signalized Intersection
NEARBY MAJOR RETAILERS
ZONING
| Zoning Code | MU-4 (Welcome to 4424 Georgia Ave NW, a prime retail space now available for lease in one of Washington D.C.'s most promising neighborhoods.) |
SALE ADVISOR
SALE ADVISOR
Deniz Senyurt, CCIM, Associate Broker , CCIM
ABOUT THE AUCTION PLATFORM
