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3630-3632 Georgia Ave 2 Retail Properties Offered at $2,575,000 in Washington, DC
Investment Highlights
- Two adjacent buildings on separate parcels totaling 3,576 SF of rentable area + outdoor seating
- Fully occupied by newly renovated Kuro Listening Bar and Afro Lounge, in occupancy since 2019
- 4,122 SF of land area on two separate parcels, zoned NMU-7B/GA providing for 4.0 FAR by right
- Metro Location: 1 block from Georgia Ave-Petworth Metro with excellent walkability score of 95
- Dense commercial retail corridor and high traffic volumes of 24,000 VPD on Georgia Ave
- Dense and growing submarket with 6,875 residents in a .25 mile radius earning $195,000 Avg. HH Income
Executive Summary
KLNB Urban is pleased to present for sale the fee simple interest in two contiguous retail properties located at 3630 and 3632 Georgia Avenue NW, Washington, DC, situated in the vibrant Petworth neighborhood of Northwest DC. The properties comprise approximately 3,576 rentable square feet plus useable rear patio area. Each building is fully occupied by complementary food and beverage concepts: Afro Lounge (formerly Tsehay Ethiopian Restaurant) at 3630 Georgia Avenue, and Kuro
Listening Bar (Culture District) at 3632 Georgia Avenue. The buildings are situated on two parcels totaling 4,122 SF of land area zoned NMU-7B/GA (Neighborhood Mixed Use – Georgia Avenue) which permits up to 4.0 FAR (4.8 FAR IZ) providing long-term development potential. Ideally positioned just one block from the Georgia Ave-Petworth
Metro station, serving the green and yellow lines, the property benefits from exceptional transit driven foot traffic, a walkability score of 95, and frontage on DC’s longest commercial corridor with over 24,400 vehicles per day. The surrounding Petworth trade area continues to attract significant residential investment, with thousands of new units delivered or planned along the Georgia Avenue corridor, supporting strong consumer demand for the food and beverage uses anchoring this property.
Listening Bar (Culture District) at 3632 Georgia Avenue. The buildings are situated on two parcels totaling 4,122 SF of land area zoned NMU-7B/GA (Neighborhood Mixed Use – Georgia Avenue) which permits up to 4.0 FAR (4.8 FAR IZ) providing long-term development potential. Ideally positioned just one block from the Georgia Ave-Petworth
Metro station, serving the green and yellow lines, the property benefits from exceptional transit driven foot traffic, a walkability score of 95, and frontage on DC’s longest commercial corridor with over 24,400 vehicles per day. The surrounding Petworth trade area continues to attract significant residential investment, with thousands of new units delivered or planned along the Georgia Avenue corridor, supporting strong consumer demand for the food and beverage uses anchoring this property.
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Property Facts
| Price | $2,575,000 | Number of Properties | 2 |
| Price / SF | $720.08 / SF | Individually For Sale | 0 |
| Cap Rate | 8% | Total Building Size | 3,576 SF |
| Sale Type | Investment | Total Land Area | 0.10 AC |
| Status | Active |
| Price | $2,575,000 |
| Price / SF | $720.08 / SF |
| Cap Rate | 8% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 3,576 SF |
| Total Land Area | 0.10 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 3630 Georgia Ave NW, Washington, DC 20010 | Retail | 1,826 SF | 1915 | - |
| 3632 Georgia Ave NW, Washington, DC 20010 | Retail | 1,750 SF | 1927 | - |
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3630-3632 Georgia Ave
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