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Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Subdivision Park View
MLS Listing ID DCDC2153528
Year Built 2022
Annual Tax Amount $15,206
Tax Year 2024
Lot Dimensions 0.00 x 0.00
Property Sub-Type Retail
Source BRIGHT
Property Description
For Lease: $40 Per SQFT($5,527 monthly) plus NNN, For Sale: $890,000
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: 1,658 Sqft
Ground Level Retail: 1,658 Sqft at $40/Sqft Plus NNN
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.
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.
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.
Location
State DC
County Washington
Zoning 048 - COMMERCIAL-RETAIL
Interior
Hot Water Electric
Heating Heat Pump(s)
Cooling Central A/C
Heat Source Electric
Exterior
Water Access N
Accessibility Level Entry - Main
Garage N
Building
Sewer Public Sewer
Water Public
New Construction Y
Schools
School District District Of Columbia Public Schools
Others
Tax ID 3032//2011
Ownership Condominium
Special Listing Condition Standard
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Nearby Locations
Questions About This Property?
Saad Jamil
(703) 782-4830Arslan Jamil
(571) 621-5413Request Sent!
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