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5534 Connecticut Ave NW 3,829 SF Retail Building Washington, DC 20015 $2,200,000 ($574.56/SF)



Investment Highlights
- Located in the Chevy Chase neighborhood along a well-traveled retail corridor.
- Surrounded by affluent residential communities and a strong retail mix.
- Within walking distance of Friendship Heights Metro Station on the Red Line.
Executive Summary
5534 Connecticut Avenue NW presents a rare opportunity to acquire a retail property in the highly regarded Chevy Chase neighborhood of Washington, DC. Positioned along a prominent commercial corridor, this asset benefits from strong visibility and steady pedestrian and vehicular traffic. The property sits on a 0.08-acre lot and offers a multistory configuration suitable for a variety of retail or mixed-use concepts.
Located within the Uptown submarket, the property provides convenient access to major thoroughfares and is less than a mile from the Friendship Heights Metro Station, ensuring excellent connectivity for both customers and employees. The surrounding area is characterized by a dense residential base with high household incomes, complemented by a vibrant mix of national retailers, local boutiques, and dining establishments.
Investors will appreciate the property’s proximity to key commuter routes and its accessibility to downtown Washington, DC, as well as nearby Maryland suburbs. The site is also within a short drive of Ronald Reagan Washington National Airport and Washington Dulles International Airport, enhancing regional and national connectivity. With its established location, strong demographics, and flexible layout, this property offers significant potential for long-term value creation and operational versatility.
Located within the Uptown submarket, the property provides convenient access to major thoroughfares and is less than a mile from the Friendship Heights Metro Station, ensuring excellent connectivity for both customers and employees. The surrounding area is characterized by a dense residential base with high household incomes, complemented by a vibrant mix of national retailers, local boutiques, and dining establishments.
Investors will appreciate the property’s proximity to key commuter routes and its accessibility to downtown Washington, DC, as well as nearby Maryland suburbs. The site is also within a short drive of Ronald Reagan Washington National Airport and Washington Dulles International Airport, enhancing regional and national connectivity. With its established location, strong demographics, and flexible layout, this property offers significant potential for long-term value creation and operational versatility.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,829 SF
Building Class
C
Year Built
1937
Price
$2,200,000
Price Per SF
$574.56
Tenancy
Single
Building Height
2 Stories
Building FAR
1.10
Lot Size
0.08 AC
Zoning
MU-3 - mixed use commercial
Parking
5 Spaces (1.31 Spaces per 1,000 SF Leased)
Frontage
32’ on Connecticut Ave NW
Amenities
- Signalized Intersection
- Drive Thru
Very walkable
80/100
Fairly drivable
50/100
Good public transit
60/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 1859-0802 | Improvements Assessment | $1,306,290 |
| Land Assessment | $503,270 | Total Assessment | $1,809,560 |
Property Taxes
Parcel Number
1859-0802
Land Assessment
$503,270
Improvements Assessment
$1,306,290
Total Assessment
$1,809,560
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5534 Connecticut Ave NW
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