Investment Overview

Marcus & Millichap is pleased to exclusively to present 2727–2731 Washington Boulevard, a fully leased, mixed-use investment opportunity in the heart of Arlington, Virginia, just three blocks from the Clarendon Metro Station. This highly visible, corner-lot property delivers immediate cash flow and long-term redevelopment potential in one of the most sought-after and rapidly appreciating submarkets in the Washington, D.C. metro area. Situated on a rare 0.46-acre parcel, the property features six ground-floor retail suites and six residential apartments above, totaling 11,192 square feet of rentable space. As a 100% leased property, investors benefit from a strong income stream, including over $56,000 annually from rooftop T-Mobile antennas and a long-term parking lease with neighboring dentist. With a solid 7.02% capitalization rate, more than 110 basis points above the submarket average, this asset stands out as a high performing, income-generating investment. Positioned at the signalized corner of Washington Boulevard and North Pershing Drive, the property offers unmatched visibility, 18 dedicated parking spaces, walkability, and quick access to highway 395. Tenants and patrons also enjoy close proximity to the Clarendon Metro, Whole Foods, Trader Joe’s, and a vibrant array of restaurants, retailers, and amenities—all within walking distance. Arlington’s robust economic fundamentals are underpinned by billions in public and private investment. Amazon’s HQ2 in nearby National Landing is projected to bring more than 25,000 high-paying jobs by 2030, while the Virginia Tech Innovation Campus continues to attract top-tier talent and research funding. These transformative projects are fueling sustained demand for housing and retail, driving rent growth, and enhancing long-term investor confidence. Zoned C-1 and occupying a prominent corner lot, the property also presents significant future redevelopment upside. Whether held for stable cash flow or repositioned for greater density, 2727 Washington Boulevard represents a rare opportunity to acquire a high-performing asset in one of Northern Virginia’s most dynamic corridors.