Developed between the 1880s and 1920s and often called the gateway to Capitol Hill, Pennsylvania Avenue, SE is known for its brick single family homes, townhouses and strong residential base.
Adjacent neighborhoods, such as Hillcrest, Penn Branch and Summit Park, offer considerable consumer spending potential with average household incomes in the $100,000+ range.
$30 Million Streetscape Enhancements
The improvements were made along Pennsylvania Avenue from 27th Street, SE to Southern Avenue, SE and were completed in 2011. The project involved new sidewalks, curbs and gutters, streetlights and landscaping.
Shops at Penn Hill
Jair Lynch Real Estate Partners completed the renovation of the existing retail center in early 2019. The updated property features 17,000 SF of office space and 65,000 SF of retail space, anchored by a 20,000 SF Planet Fitness (Q4 2018 opening). Phase II calls for 100–150 residential units of housing and 22,000 SF of commercial space.
- 186,000+ residents within a 10-minute car ride
- 21,600-42,300 average daily traffic counts (Pennsylvania Ave., SE)
- Detailed demographics
Great Streets Retail Small Business Grants
Pennsylvania Avenue is a designated Great Streets corridor. As funds become available small businesses can apply for grants to cover capital improvements and certain soft costs. In 2018, up to $50,000 was awarded per location.
Neighborhood Shopping Centers along Pennsylvania Avenue
- Fairfax Village (34,400 SF) and Fort Davis (44,000 SF) provide additional retail, restaurants, and neighborhood services to the surrounding communities.
- Fort Davis Center (3863 Alabama Ave. SE) sold for $13.5 million in 2018 ($306 PSF).