3831 Georgia Avenue NW
Washington, D.C. 20011
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
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