Check Availability
$1,300,000
Commercial - For Sale

7305 GEORGIA AVE NW

WASHINGTON, DC 20012
bedrooms
Studio
bathrooms
0 Bath
$6,384
Estimated Monthly
$0
HOA / Fees

About This Property

PRICE ADJUSTMENT! Established, modern 2-level multi-use building located in a prime business location with booming development all around. Prominently situated within walking distance to the all-new multi-phase development; The Parks at Historic Walter Reed with a new Whole Foods Market. The Parks is a major, one billion dollar project in development. Strong potential for increased foot traffic and values as part of the vibrant and progressing Brightwood neighborhood. This turn-key property is subject to one residential lease ending 2/29/2024. The retail space is vacant.  The updated storefront unit is built out into a hair salon that originally opened in 1999 and remodeled in 2012. It features a large open space with LVP flooring, modern lighting, 6 stylist stations, an esthetician station, 3 shampoo stations and multiple hair drying stations, a half bath, and a staff lounge/storage area. The upper level offers a fully remodeled open floor plan unit with 2 bedrooms, Den, 1 full bath,  an attractive open kitchen with stainless steel appliances (two ovens), granite countertops, large center island with granite, hardwood floors, stacked washer and dryer, trendy metal stair railing – urban charm! The exterior offers a large private deck, 1 parking space in the rear of the building and ample street parking. There is also a basement area where the utilities are housed. Units are separately metered. This offering is a rare opportunity to acquire a self-sufficient real estate investment with strong property management. Are you a seasoned stylist or barber and ready to step into your destiny of salon ownership – do not miss this fantastic opportunity! Become an owner occupier, live upstairs and work while running your salon or other business downstairs. Property being sold AS-IS. Weekend showings require 24 hours' notice.  All showings by appointment.
Unit Size
-
Days on Market
344 days
Land Size
0.04 acres
Price per sqft
-
Property Type
Commercial
Property Taxes
$724
HOA Dues
-
Year Built
1927
Listed By
Nyya Wellington Bance
Long & Foster Real Estate, Inc.
Carole Watson
Long & Foster Real Estate, Inc.
Last updated: 4 months ago (Bright MLS #DCDC2093162)

Price History

Date / Event Date Event Price
May 28, 2023 Listed by Long & Foster Real Estate, Inc. $1,300,000
Listed by Long & Foster Real Estate, Inc.

Property Highlights

Air Conditioning
With View
Parking Details
Parking Features: Driveway
Total Garage and Parking Spaces: 1
Interior Details

Interior Information

Flooring Type: Luxury Vinyl Plank, Wood

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
5 Beds
3 Baths
2,423 ft²
$516/ft²
$1,250,000 Mar 17, 2023
$1,250,000 May 25, 2023
-
House
4 Beds
3 Baths
2,482 ft²
$483/ft²
$1,200,000 Mar 25, 2023
$1,200,000 Apr 18, 2023
-
House
3 Beds
3 Baths
1,880 ft²
$420/ft²
$790,000 Apr 7, 2023
$790,000 Aug 23, 2023
-
House
3 Beds
5 Baths
2,622 ft²
$490/ft²
$1,285,000 Apr 14, 2023
$1,285,000 May 12, 2023
-
House
4 Beds
4 Baths
2,525 ft²
$606/ft²
$1,530,228 Mar 3, 2023
$1,530,228 Apr 10, 2023
-
House
4 Beds
4 Baths
2,152 ft²
$523/ft²
$1,125,000 Oct 20, 2023
$1,125,000 Nov 20, 2023
-
House
2 Beds
2 Baths
2,213 ft²
$587/ft²
$1,300,000 Jan 30, 2024
-
-
House
8 Beds
6 Baths
4,861 ft²
$288/ft²
$1,399,999 Oct 19, 2023
-
-
House
3 Beds
4 Baths
2,243 ft²
$664/ft²
$1,490,000 Nov 18, 2023
-
-
Condo
3 Beds
3 Baths
1,405 ft²
$818/ft²
$1,149,900 Jan 21, 2024
-
-
Condo
3 Beds
2.5 Baths
-
$1,149,900 Jan 21, 2024
-
-

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

7305 Georgia Avenue Northwest 7305 Georgia Avenue Northwest, Washington, DC 20012
  • 2 Units for Sale
More about this Building
7305 Georgia Avenue Northwest
Want to find out who owns 7305 Georgia Avenue Northwest, Washington, DC 20012? Get detailed property transactions here .

About Takoma - DC


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