Description
Commercial retail property featuring 2,300 SF on a highly visible corner lot in the wealthy Cleveland Park neighborhood of Washington, DC. The brand-new property, currently being built, will be completed at the end of September 2023. Located on the main-level unit of a building with 16-foot ceilings, this versatile property can be customized by the buyer and turned into a retail store, office space or restaurant. There is a parking space to load and unload. In addition, the property is next to the Cleveland Park Metro stop, and more developments are under way in this area. This is a low-maintenance and high income-producing investment.
Nearby are numerous trendy shops, CVS, a movie theater, bars, and restaurants. Plus, this area has lots of foot traffic and vehicle traffic from affluent homeowners who live nearby. The average household income of people living within a mile of the property was $160,874 in 2022, with a median home value of $846,606 and a median age of 38. They’re educated professionals, too: 82% have a bachelor's degree or advanced degree. Vehicle traffic in the area averaged 110,676 per day in 2022.
It is an exciting opportunity to own your own retail for your own business or buy as an investment property in one of Washington, DC’s premier neighborhoods!
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Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 27th March, 2023 1:10 AM (UTC)
