Investment Overview

Marcus & Millichap is pleased to exclusively represent the owners of 6400 Georgia Avenue NW, a prime mixed-use building in the vibrant Brightwood neighborhood of NW Washington, DC. This well-maintained property offers a total of 20,680 square feet of office and retail space across two stories, plus an additional 10,000 square feet of finished lower-level space with impressive 11-foot ceilings. Zoned MU-4, the building supports retail, office, and residential uses with a 3.0 FAR as a matter of right. Recent upgrades in 2024 include a new roof, a sump pump, and various other enhancements. The first-floor hosts seven fully leased retail spaces, including a prominent Subway franchise restaurant and several long-term local businesses, all under NNN leases. The second-floor features six office suites, two of which are currently leased. With a 28% vacancy, an investor can enjoy an immediate 8.06% CAP rate, with potential for a 10.46% CAP rate and a 15.13% cash-on-cash return once fully stabilized. Adjacent to the building is a .44-acre parcel, also available for sale. Currently serving as a 40 space parking lot for 6400 Georgia Avenue, this site also offers potential for redevelopment into three residential single-family homes. Situated on a .15-acre corner lot at Georgia Avenue and Tuckerman Street, this property benefits from high visibility and a daily traffic count of 23,782 vehicles. The surrounding area features residential single-family homes and commercial retail centers, including the Piney Branch Shopping Center anchored by Safeway, just a block away. The Brightwood neighborhood is undergoing significant development, including the transformative 66-acre Parks at Walter Reed project, which will offer 3.1 million square feet of residential, retail, and office space. Nearby amenities include Walmart, Safeway, and the newly opened Art Place at Fort Totten, featuring cultural and entertainment options. Brightwood’s strategic location ensures excellent connectivity, with easy access to major transportation routes and metro stations such as Takoma Park, Georgia Avenue-Petworth, and Fort Totten, facilitating seamless travel throughout Washington, DC, and downtown Silver Spring, MD. Don’t miss this exceptional investment opportunity in one of DC’s most dynamic and rapidly developing neighborhoods.