Developers take note. Two adjacent leased commercial properties zoned MU-4 on Georgia Avenue are ripe for redevelopment. The properties are currently leased to 3 tenants with annual rents totaling over $131,000. The buildings total approximately 6,117 square feet and the combined lots total 3,364 square feet. There is alley access in the rear with 3 parking spaces. MU-4 zoning allows a 2.5 FAR so there is potential for expansion. Leases and rent rolls are available for review with signed confidentiality agreement. Purchaser will be buying both properties. They will not be offered individually.
7327 Georgia Ave has a beauty supply store occupying the first floor and basement with a residence on the second floor. First floor has one large retail area with an office and half bath in the rear. You can access the first floor by street front and through the rear where there is one large parking space. The basement level has one large main area and laundry/utility room. The residence on the second floor is a spacious 2 bedroom/1 full bath unit with kitchen, dining, office and living room. This property has gas forced air heat, gas hot water and window/wall unit air conditioning.
7329 Georgia Ave has a hair studio on the first floor and basement and a wellness studio on the second floor. The hair studio has a typical open buildout for a hair salon on the first level and a half bath. The basement is a large open room with a utility room and multiple utility closets. The wellness center on the second floor has 4 office/wellness rooms, a kitchenette, half bath, large shower room, another former bathroom and a large reception area. There are separate entrances in the front and rear for the upstairs space. This property has forced air gas heat, gas hot water and central air conditioning.
Please be sure to review the Property Information Package by clicking on “Access Property Documents”. By viewing this package, you will alert Tranzon Fox to your interest in this property and you will receive emails with any updates on this auction. The package contains information needed to participate in bidding at auction.3:07 PM 7/28/2022
Located on Georgia Ave just south of Geranium St NW