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3619 NW Georgia Ave - Retail Condo 1,658 sq ft Retail Unit Offered at £662,881 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 $890,000, this opportunity comes with an Absolute Net Lease, promising a fruitful investment journey. With a projected monthly net income of $5,527, you can expect a remarkable 7,45% capitalization rate, ensuring a compelling return on your investment.
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Storage Space
1 UNIT AVAILABLE
Unit 1
| Unit Size | 1,658 sq ft | Net Initial Yield | 7.45% |
| Price | £662,881 | NOI | £49,395.80 |
| Price Per sq ft | £399.81 | Sale Conditions | Option to Purchase with Lease |
| Unit Use | Retail | APN/Parcel ID | 3032-0048 |
| Sale Type | Investment or Owner Occupier |
| Unit Size | 1,658 sq ft |
| Price | £662,881 |
| Price Per sq ft | £399.81 |
| Unit Use | Retail |
| Sale Type | Investment or Owner Occupier |
| Net Initial Yield | 7.45% |
| NOI | £49,395.80 |
| Sale Conditions | Option to Purchase with Lease |
| APN/Parcel ID | 3032-0048 |
DESCRIPTION
Rentable Space: 1,658 Sqft
- Ground Level Retail: 1,658 Sqft For Rent at $40/Sqft ($5,527 monthly)Plus NNNor $890,000 For Sale
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 1,658 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.
NEARBY MAJOR RETAILERS
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3619 NW Georgia Ave - Retail Condo
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