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7325 Georgia Ave NW 3,492 SF Vacant Office Building Washington, DC 20012 $849,000 ($243.13/SF)
Investment Highlights
- Approx. 1-Year Sale Leaseback of 1st Level & Sublevel Mitigates Carrying Costs During Lease-Up
- Less Than 500-Feet from The Parks at Water Reed | 66-Acre Redevelopment Including 3.1M SF
- Along a Washington, D.C. Great Streets Corridor | Buyer May be Eligible for up to $80,000 in Grants
- Repositioning Opportunity | MU-4 Zoning Allows Retail, Office, & Multifamily Uses
- Nearby Credit Tenants Include Whole Foods, Chase Bank, Target, 7-Eleven, McDonald’s & More
Executive Summary
Feldman Ruel is pleased to offer for sale 7325 Georgia Avenue NW, a three-level mixed-use property situated on a 1,743-square-foot lot zoned MU-4. The subject property is currently mostly owner-occupied by a law firm which operates out of the sublevel and first level. The second level has a vacant, well-maintained office space facing Georgia Avenue NW, and a vacant rear-facing two-bedroom apartment. Both units are accessible through a separate entrance from the first level and are fully self-contained with separate entrances and a shared hallway. There are two on-site parking spaces at the rear of the property, providing convenient access for tenants or patrons. Less than 500 feet away, The Parks at Walter Reed—Washington, D.C.’s largest master-planned community—offers a diverse mix of retail amenities.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
3,492 SF
Building Class
C
Year Built
1937
Price
$849,000
Price Per SF
$243.13
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
1,519 SF
Slab To Slab
9’
Building FAR
2.00
Lot Size
0.04 AC
Opportunity Zone
Yes
Zoning
MU-4
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Moderately walkable
70/100
Very drivable
80/100
Strong public transit
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 2964-0830 | Improvements Assessment | $602,940 |
| Land Assessment | $272,990 | Total Assessment | $875,930 |
Property Taxes
Parcel Number
2964-0830
Land Assessment
$272,990
Improvements Assessment
$602,940
Total Assessment
$875,930
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7325 Georgia Ave NW
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