5413 Georgia Ave NW Local commercial 390 m² À vendre Washington, DC 20011 1 283 635 € (3 289,75 €/m²)

Take advantage of the prime visibility, flexibility, and strong income potential in one of DC’s most active corridors with this premier sale offering presented by NK Real Estate Group.

5413 Georgia Avenue NW is a three-level mixed-use property in Uptown, comprising two levels of retail/multi-purpose commercial space and a contemporary residential condo on the top floor.

The main level offers approximately 1,500 square feet of high-visibility retail frontage, ideal for grocery stores, coffee shops, bakeries, day spas, hair or nail salons, massage centers, sandwich shops, and more. The lower level provides an additional 1,500 square feet of space suitable for storage, back-office use, or expansion, and was recently renovated and waterproofed to minimize future capital expenditures.

The retail level was formerly a lounge and later converted into a salon. It previously held a Class A in-store liquor license and currently has an active, online-only Class A EBRA license. A new in-store license would need to be attained for interested parties, and supplementing food and tobacco licenses are easy and affordable to acquire.

The top-floor condo offers a bright and modern two-bedroom, two-bath layout. It features an open-concept living and dining area, a deluxe kitchen with an island, a gas stove, stainless steel appliances, custom bathrooms, a walk-in closet, a washer/dryer combo, and central air conditioning, all with no condo fee.

Positioned along the bustling Georgia Avenue corridor with exposure to approximately 26,000 vehicles per day, this property benefits from strong traffic visibility and accessibility. This is already an established, foot-traffic-heavy node, with the Neptune Room, Texas Cantina, Lucky Corner Market, Gueny’s Cafe & Market, and more, all within just two blocks on the same street. It is near the Georgia Ave–Petworth Metro Station, only a nine-minute bus ride (Route 70), ensuring convenience for both pedestrians and commuters. The surrounding area boasts a population of 163,048 residents within a 10-minute drive and a median household income of $108,211, offering an excellent consumer base. Many of these potential customers are organically drawn here due to Georgia Avenue’s arterial prominence and proximity to destinations like Rock Creek Park.

Adding yet another advantage, 5413 Georgia Avenue NW is listed at a cost-effective price point compared to similar Uptown retail properties. The trailing five-year average sale price for retail properties in the submarket is approximately $470 per square foot, $116 more than what this property is priced at. With the added benefit of residential income, this asset provides incredible ROI value.