3930 Georgia Avenue Northwest
TOPA-Exempt Mixed-Use Property with 31 Multifamily Units & 1 Retail Unit
Marketing description
Feldman Ruel is pleased to offer for sale The Fahrenheit, located at 3930 Georgia Avenue NW, a 40,728-square-foot, six-story mixed-use building constructed in 2015. The offering represents a rare opportunity to acquire a modern, condo-quality asset below replacement cost. Originally designed as a condominium project, the building features high-end finishes and a desirable mix of one-bedroom and two-bedroom units, along with a unique three-bedroom unit that includes private outdoor space. Because the building was constructed less than 15 years ago, the transaction qualifies for an exemption from Washington, D.C.’s TOPA process. A newly executed five-year retail lease with New Hampshire Medical Supply, a corporately guaranteed tenant established in 1962, provides stable ground-floor income. Positioned at a signalized intersection along Georgia Avenue NW, the subject property benefits from strong visibility and abundant natural light. Located steps from the Georgia Ave–Petworth Metro station and near Howard University, 3930 Georgia Avenue NW is well connected and surrounded by major economic drivers that support long-term rental demand and asset value.
Investment highlights
• Highly Visible Mixed-Use Property Located at at Signalized Intersection
• TOPA -Exempt Multifamily Transaction | 2015 Construction
• Attractive Multifamily Unit Mix | 5 - 1BRs, 25 - 2BRs, & 1 - 3BR with Private Outdoor Space
• 40,728 Gross SF Across 7 Levels | 2,840-SF Street-Level Retail Unit
• Newly Signed Retail Lease | Experienced Operator with Strong Financials
• Prominent Corner Location 2 Blocks from the Georgia Ave-Petworth Metro
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