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3651-3659 Georgia Ave NW 15,508 SF 31% Leased Retail Building Washington, DC 20010 For Sale
Investment Highlights
- +15,650 SF mixed-use building on the 3600 block of Georgia Avenue NW in Petworth with eight 1BD/1BA apartments over five retail bay
- Includes fully approved plans and permits for a ±42,000 SF mixed-use building with 39 residential units over +3,000 SF of retail
- the remaining retail and residential components present meaningful upside through lease-up and stabilization.
- Prime, transit-oriented location just 1 block from Georgia Ave Petworth Metro Station, supporting strong rental demand & long-term neighborhood growth
- Three of the five retail bays are currently leased, offering in-place income
- Existing 8 residential units are in shell condition & delivered free of TOPA, allowing investors to tailor their buildout
Executive Summary
+15,000 SF Value Add Mixed Use w/ Shovel Ready Dev Upside | 1 Block from Petworth Metro
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
15,508 SF
Building Class
B
Year Built
1920
Percent Leased
31%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.10
Lot Size
0.17 AC
Zoning
NMU-7B/GA
Frontage
104’ on Georgia Ave NW
Amenities
- Restaurant
- Signage
- Signalized Intersection
Exceptionally walkable
90/100
Fairly drivable
50/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Nearby Major Retailers
Contacts
-
Ian Weisz -
John Spaller -
Benjamin Wilson -
Kyle Tangney -
Herb Schwat -
Greysteel Holdings
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3651-3659 Georgia Ave NW
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