DEVELOPED BETWEEN THE 1880S AND 1920S and often called the gateway to Capitol Hill, Pennsylvania Avenue 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.
SHOPS AT PENN BRANCH
Jair Lynch Real Estate Partners completed the renovation of the existing retail center in 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.
GREAT STREETS RETAIL SMALL BUSINESS GRANTS
Pennsylvania Avenue, SE 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 2019, 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).