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3408 Connecticut Avenue NwWashington, DC 20008Price: $2,500,000

  • Price: $2,500,000
  • 30 Days on Market
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Federal 30-year interest rate: 6.42% last updated on Mar 16, 2023
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  • $2,500,000List Price

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Commercial retail property featuring 2,300 SF on a highly visible corner lot in the wealthy Cleveland Park neighborhood of Washington, DC. The brand-new property, currently being built, will be completed at the end of September 2023. Located on the main-level unit of a building with 16-foot ceilings, this versatile property can be customized by the buyer and turned into a retail store, office space or restaurant. There is a parking space to load and unload. In addition, the property is next to the Cleveland Park Metro stop, and more developments are under way in this area. This is a low-maintenance and high income-producing investment. Nearby are numerous trendy shops, CVS, a movie theater, bars, and restaurants. Plus, this area has lots of foot traffic and vehicle traffic from affluent homeowners who live nearby. The average household income of people living within a mile of the property was $160,874 in 2022, with a median home value of $846,606 and a median age of 38. They're educated professionals, too: 82% have a bachelor's degree or advanced degree. Vehicle traffic in the area averaged 110,676 per day in 2022. It is an exciting opportunity to own your own retail for your own business or buy as an investment property in one of Washington, DC's premier neighborhoods!

Property Details of 3408 Connecticut Avenue Nw

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Listed by Bron Davis of Long & Foster Real Estate,Inc.

Copyright 2023 BRIGHT, All Rights Reserved.  Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Next Step Realty | W Home Group participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Data last updated March 24, 2023. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

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