Description
Rare Vacant Retail Opportunity with Immediate Value-Add Potential - The Property will be delivered 100% vacant, providing an investor or owner-user with complete flexibility to execute a lease-up strategy, reposition the asset, or occupy the building without existing tenant constraints.Exceptional Redevelopment Potential in a Growing Northwest DC Corridor - Situated on a 16,614 SF MU-4 zoned parcel, the Property offers approximately 49,842 buildable square feet (3.0 FAR with IZ), creating a compelling long-term redevelopment opportunity in one of Northwest DC's most active growth corridors.Prime Georgia Avenue Location with Strong Visibility - The Property features 116 feet of frontage along Georgia Avenue and benefits from exposure to more than 25,500 vehicles per day, providing outstanding visibility for retail, medical, fitness, showroom, or service-oriented users.Recently Renovated Asset with Rare On-Site Parking - Renovated in 2020, the 6,329-square-foot masonry building includes 26 dedicated parking spaces, a loading dock, central HvAC, and 12'10" ceiling heights—amenities rarely found in urban retail assets of this size.Attractive Basis with Strong Income Potential - Offered at $373 per square foot and $47 per buildable square foot, the Property presents investors with an attractive basis while supporting a projected 8.3% pro forma capitalization rate following lease-up.
Description
Rare Vacant Retail Opportunity with Immediate Value-Add Potential - The Property will be delivered 100% vacant, providing an investor or owner-user with complete flexibility to execute a lease-up strategy, reposition the asset, or occupy the building without existing tenant constraints.Exceptional Redevelopment Potential in a Growing Northwest DC Corridor - Situated on a 16,614 SF MU-4 zoned parcel, the Property offers approximately 49,842 buildable square feet (3.0 FAR with IZ), creating a compelling long-term redevelopment opportunity in one of Northwest DC's most active growth corridors.Prime Georgia Avenue Location with Strong Visibility - The Property features 116 feet of frontage along Georgia Avenue and benefits from exposure to more than 25,500 vehicles per day, providing outstanding visibility for retail, medical, fitness, showroom, or service-oriented users.Recently Renovated Asset with Rare On-Site Parking - Renovated in 2020, the 6,329-square-foot masonry building includes 26 dedicated parking spaces, a loading dock, central HvAC, and 12'10" ceiling heights—amenities rarely found in urban retail assets of this size.Attractive Basis with Strong Income Potential - Offered at $373 per square foot and $47 per buildable square foot, the Property presents investors with an attractive basis while supporting a projected 8.3% pro forma capitalization rate following lease-up.
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