3831 Georgia Avenue NW

Washington, D.C. 20011

Offering Memorandum

The Offering

Property Overview

  • List Price $6,500,000
  • Gross Building Area 14,742 SF
  • # of Units 15 + Retail
  • Residential Price Per Unit $380,000
  • Delivered July 2022
  • Product Type Mixed-Use
  • Zoning NC-8
  • Rentable/Sellable SF 12,299 SF
  • Lot Size 3,116 SF
  • Levels 6
  • On-Site Parking 2 Spaces
  • Price Per SF $440.92
  • Residential Unit Mix 5 - 1BDR, 10 - 2BDR
  • Retail SF 1,392 SF + 645 SF Outdoor Patio Space
  • Construction Light Gauge Steel
  • Elevators 1

Investment Summary

Feldman Ruel is pleased to offer for sale The Augusta, a 15-unit mixed-use property with 1,392 square feet of street-level retail space situated at a signalized intersection. Located just two blocks north of the Georgia Ave-Petworth Metro station and surrounded by retail including numerous restaurants, The Augusta is well-positioned to attract young, urban renters. In addition, a new owner has the option to sell the units individually, as the building has a condominium registration.

Investment Highlights

• Mixed-Use Building Built in 2022 | Podium & Light Gauge Steel Construction

• 14,742 Square Feet of GBA | 12,299 Square Feet of Rentable/Sellable Area

• 5 1BR/1BA & 10 2BR/2BA Multifamily Units | 1,392 Square Feet of Street-Level Retail Space
• Acquisition Price Per Square Foot ($440.92) Well Below Condo Outsales in the Submarket

• Experienced Developer | 36 Years and 300+ Projects Completed

• Two Blocks from Georgia Ave-Petworth Metro Station Along the Green Line

Listing Agents

Ian Ruel

Managing Principal
Direct: (202) 318-6844

Josh Feldman

Managing Principal
Direct: (202) 318-6833

Ryan Smith

Associate Director
Direct: (202) 318-6808

Alex Petrov

Direct: (202) 932-5082