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Investment Highlights
- 5413 Georgia Avenue NW is a 4,200-square-foot mixed-use property that can generate income streams from both retail and residential uses.
- Renovated top-floor condo featuring a 2-bed, 2-bath layout with no condo fee, deluxe kitchen, washer/dryers, custom bathrooms, and more.
- Near Rock Creek Park, Petworth, and Columbia Heights, this combines visibility, versatility, and lifestyle convenience in one prime investment.
- Comprising three levels, a renovated and waterproofed lower level, a street-fronting main retail level, and a luxury top-floor condo.
- Zoned commercial and formerly operated by a lounge, which held a Class A liquor license, and the site currently holds an online-only liquor license.
- Cost-effective opportunity priced below comparable retail properties in the Uptown submarket, approximately $116 per square foot less than average.
Executive Summary
The "Flagship Opportunity" (Best for Retail Tenants)
Prime Mixed-Use Flagship on Georgia Avenue | 3,000 SF + Luxury Commercial Space
Experience unparalleled visibility in the heart of the District’s most dynamic corridor. This versatile commercial property offers a commanding presence on Georgia Avenue NW, perfectly positioned to capture a high-income demographic and a daily traffic count of over 26,000 vehicles.
Main Level (1,500 SF): A high-impact retail floor featuring expansive frontage and an open-concept layout. Ideally suited for a flagship coffee house, boutique day spa, artisanal bakery, or modern salon, Restaurant or Lounge.
Lower Level (1,500 SF): A functional, high-capacity level with rear alley access. Perfect for extra storage.
Legacy of Success: Formerly the site of the well-known G-Spot Lounge,
This exceptional three-level mixed-use property offers prime visibility, flexible space, and strong income potential in one of DC’s most active corridors.
This property is zoned for commercial use and was previously operated as G-Spot Lounge, which held a Class A liquor license. It currently holds an active Class A EBRA license (online-only for liquor).
The property includes two levels of retail/multi-purpose commercial space and a contemporary 2-bedroom, 2-bath condominium 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, with convenient rear access from the alley.
The top-floor condo offers a bright and contemporary 2-bedroom, 2-bath layout, featuring an open-concept living and dining area, a deluxe kitchen with island, gas stove, stainless steel appliances, custom bathrooms, a walk-in closet, washer/dryer combo, and central A/C — all with no condo fee. Situated within walking distance of Rock Creek Park, Petworth, and Columbia Heights, this property combines visibility, versatility, and lifestyle convenience in one outstanding investment opportunity.
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. It is just minutes from the Georgia Ave–Petworth Metro Station and only a 9-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. Originally built for use as a liquor store, the property also provides the potential to purchase the existing liquor business, making it ideal for investors or owner-users seeking immediate opportunity.
Prime Mixed-Use Flagship on Georgia Avenue | 3,000 SF + Luxury Commercial Space
Experience unparalleled visibility in the heart of the District’s most dynamic corridor. This versatile commercial property offers a commanding presence on Georgia Avenue NW, perfectly positioned to capture a high-income demographic and a daily traffic count of over 26,000 vehicles.
Main Level (1,500 SF): A high-impact retail floor featuring expansive frontage and an open-concept layout. Ideally suited for a flagship coffee house, boutique day spa, artisanal bakery, or modern salon, Restaurant or Lounge.
Lower Level (1,500 SF): A functional, high-capacity level with rear alley access. Perfect for extra storage.
Legacy of Success: Formerly the site of the well-known G-Spot Lounge,
This exceptional three-level mixed-use property offers prime visibility, flexible space, and strong income potential in one of DC’s most active corridors.
This property is zoned for commercial use and was previously operated as G-Spot Lounge, which held a Class A liquor license. It currently holds an active Class A EBRA license (online-only for liquor).
The property includes two levels of retail/multi-purpose commercial space and a contemporary 2-bedroom, 2-bath condominium 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, with convenient rear access from the alley.
The top-floor condo offers a bright and contemporary 2-bedroom, 2-bath layout, featuring an open-concept living and dining area, a deluxe kitchen with island, gas stove, stainless steel appliances, custom bathrooms, a walk-in closet, washer/dryer combo, and central A/C — all with no condo fee. Situated within walking distance of Rock Creek Park, Petworth, and Columbia Heights, this property combines visibility, versatility, and lifestyle convenience in one outstanding investment opportunity.
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. It is just minutes from the Georgia Ave–Petworth Metro Station and only a 9-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. Originally built for use as a liquor store, the property also provides the potential to purchase the existing liquor business, making it ideal for investors or owner-users seeking immediate opportunity.
Data Room Click Here to Access
- Property Tax Bill
- Survey
- Approved Drawings
- Supporting Documents & Permits
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,200 SF
Building Class
C
Year Built/Renovated
1923/2023
Price
$1,380,000
Price Per SF
$328.57
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.80
Lot Size
0.03 AC
Opportunity Zone
Yes
Zoning
MU-4 - Retail/Mixed-Use Commercial
Parking
1 Spaces (0.24 Spaces per 1,000 SF Leased)
Frontage
20’ on Georgia Ave NW
Amenities
- Signage
Walk Score®
Walker's Paradise (91)
Bike Score®
Very Bikeable (72)
Demographics
Demographics
1 mile
3 mile
5 mile
15 min drive
2024 Population
38,879
308,997
740,848
964,140
2029 Population
35,004
284,577
696,818
1,007,175
2024-2029 Projected Population Growth
-10.0%
-7.9%
-5.9%
4.5%
Median Age
39.0
37.5
36.8
37.3
College Degree + Higher
44%
62%
61%
27%
Daytime Employees
10,695
135,410
724,278
805,010
Total Businesses
1,313
19,384
71,928
79,427
Average Household Income
$127,039
$138,036
$137,816
$153,961
Median Household Income
$87,921
$104,615
$103,689
$123,130
Total Consumer Spending
$533.3M
$5.1B
$11.8B
$14.4B
2024 Households
14,157
138,378
324,350
417,678
Average Home Value
$711,427
$748,411
$744,689
$578,435
Nearby Major Retailers
Property Taxes
| Parcel Number | 2996-0054 | Improvements Assessment | $703,240 |
| Land Assessment | $117,130 | Total Assessment | $820,370 |
Property Taxes
Parcel Number
2996-0054
Land Assessment
$117,130
Improvements Assessment
$703,240
Total Assessment
$820,370
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5413 Georgia Ave NW
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