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$2,200,000
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Property Description
Prime Mixed-Use Investment Opportunity in Shepherd Park - 7344 Georgia Ave NW, Washington, DC Positioned along the highly visible Georgia Avenue corridor, this exceptional mixed-use asset offers a rare combination of stable income streams and future upside potential. The property features a well-established dry cleaning business, a tile company, and a separate 2-bedroom, 2-bath residential unit, creating multiple revenue channels under one roof. The approximately 3,040 sq ft structure sits in the sought-after Shepherd Park neighborhood, just moments from Shepherd Elementary School and the transformative Walter Reed redevelopment, one of D.C.'s most significant growth drivers. Ideal for investors or owner-operators, this property benefits from: High-traffic, high-visibility location Diverse income-producing components Strong neighborhood fundamentals and ongoing redevelopment Mixed-use flexibility with long-term appreciation potential This is a strategic acquisition opportunity in a rapidly evolving corridor-perfect for those looking to secure a foothold in one of Northwest D.C.'s most promising submarkets.
Full Property Details
Full Property Details for 7344 Georgia Ave NW
General
- Price: $2,200,000
- Taxes: $12,373 (2025)
- Status: Active
- Type: Retail
- Source: BrightMLSMidAtlantic
- MLS ID: DCDC2250680
- Updated: 7/25/2026
- Added to Site: 149 day(s) ago
Business
- Business Type: Flex, Other/General Retail, Other
Parking
- Total Spaces: 4
- Parking Type: Driveway, On Street
Location
- County: WASHINGTON
- Driving Directions: GEORGIA AVE TO 7344
- City Limits: Yes
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: 90% Forced Air
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick
- # Loading Docks: 2
- Building Size: 3040
- Year Built: 1927
- Year Built Source: Assessor
Unit Information
- # Tenants: Multiple
Lot Features
- Lot Size (Acres): 0.09
- Lot Size (Sq. Ft.): 4,000
- Lot Size Source: Assessor
- Zoning: MU 4
Financial Considerations
- Price Per Sq. Ft.: $723.68
- Assessment Year: 2025
- City/TownTax: $12,373
- City/TownTax Freq: Annually
- County Tax Freq: Annually
- Tax w/Assessment: $911,680
- Tax Amount: $12,373
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 65
Listed by Fairfax Realty Premier, Rodney A Bennett
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Schools
Schools serving 7344 Georgia Ave NW
School District:District of Columbia Public Schools
| Name | Grades | Distance |
|---|---|---|
Shepherd Elementary School 7800 14th Street Northwest, Washington, DC 20012 | PK-5 | 0.5 mi |
Deal Middle School 3815 Fort Drive Northwest, Washington, DC 20016 | 6-8 | 3.2 mi |
Jackson-Reed High School 3950 Chesapeake Street Northwest, Washington, DC 20016 | 9-12 | 3.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 7344 Georgia Ave NW
Date
Details
Price
Change
Source
7/25/2026
Price Reduced
$2,200,000
-16.98%
MLS
4/02/2026
Listed
$2,650,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 7344 Georgia Ave NW
Year
Property Taxes
Change
Tax Assessment
Change
2025
$12,373
-1%
$949,710
-1%
2024
$12,468
-1%
$956,990
-1%
2023
$12,549
-7%
$969,490
1%
2022
$13,525
—
$961,300
—
2021
$13,548
-11%
$962,960
4%
2020
$15,291
7%
$926,710
7%
2019
$14,241
8%
$863,110
8%
2018
$13,177
9%
$798,580
9%
2017
$12,067
9%
$731,360
9%
2016
$11,091
—
$672,190
—
2015
$11,044
1%
$669,310
1%
2014
$10,927
—
$662,250
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 7344 Georgia Ave NW
7344 Georgia Avenue NW, Washington, DC 20012 (MLS# DCDC2250680) is a Retail property. 7344 Georgia Avenue NW is currently listed for $2,200,000 and was received on April 02, 2026. Want to learn more about 7344 Georgia Avenue NW? Do you have questions about finding other Retail real estate for sale in Washington? You can browse all Washington real estate or contact a Coldwell Banker agent to request more information.

