Listed by NAI KLNB (Baltimore, MD), NAI KLNB (Washington, DC)
$2,575,000
3630-3632 Georgia Ave NW
Details
APN 2897-0133, 2897-0132
Property Type Retail
Sub Type Restaurant, Bar
Square Footage 3,576
Cap Rate 8.00%
NOI $206,336
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $720
Buildings 2
Lot Size (SqFt) 4,122
Zoning NMU-7B/GA
Investment Type Stabilized
Ground Lease No
Urban Retail with Patio | Petworth Metro | Washington, DC
Marketing description
KLNB Urban is pleased to present for sale the fee simple interest in two contiguous retail properties located at 3630 and 3632 Georgia Avenue NW, Washington, DC, situated in the vibrant Petworth neighborhood of Northwest DC. The properties comprise approximately 3,576 rentable square feet plus useable rear patio area. Each building is fully occupied by complementary food and beverage concepts: Afro Lounge (formerly Tsehay Ethiopian Restaurant) at 3630 Georgia Avenue, and Kuro Listening Bar (Culture District) at 3632 Georgia Avenue.
Investment highlights
- Two contiguous retail properties at 3630 and 3632 Georgia Avenue NW in Petworth, Washington DC
- Approximately 3,576 rentable square feet plus useable rear patio area
- Fully occupied by complementary food and beverage concepts with long-term leases
- Two parcels totaling 4,122 SF zoned NMU-7B/GA permitting up to 4.0 FAR (4.8 FAR IZ)
- One block from Georgia Ave-Petworth Metro station (green and yellow lines)
- Walkability score of 95
- Frontage on DC's longest commercial corridor with over 24,400 vehicles per day
- Georgia Avenue corridor designated as Great Streets corridor
- Multiple Michelin Bib Gourmand-designated restaurants in the area
- Median home value within half-mile reached $794,232
- Trade area residents spending over $54.9 million on food away from home annually
- 250,400 residents reachable within 10-minute drive
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$206,336.00
$17,194.67/mo
Valuation Metrics
0
DSCR
8.01%
Cap Rate
8.01%
ROI
Map
Zoning
NMU-7B/GA MixedMixed UseNeighborhood Mixed Use Georgia Avenue
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View all 66 uses Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics
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