LOCATE YOUR BUSINESS ON PENNSYLVANIA AVENUE EAST
Why Investing Along the Corridor Can Provide A Strong Return
COMPETITIVE ADVANTAGES FOR YOUR BUSINESS
ROBUST VEHICULAR ACCESS & VISIBILITY
Pennsylvania Avenue East is a major arterial road with direct connections to Downtown DC and Maryland. The corridor has some of the highest vehicular traffic counts in the city, with an average of 29,400 vehicles per day. Many retail spaces are in shopping centers with surface-level parking lots – a limited
resource in DC that provides customer confidence in parking availability.
AFFORDABLE RENTS
With retail rents approximately 36% lower than the DC average, Pennsylvania Avenue East is an affordable place to start, relocate, or expand your business.
WIDE RANGE FOR RETAIL SPACE SIZES and TYPES
Pennsylvania Avenue East offers an array of retail spaces, from traditional ground-floor storefronts to larger spaces in strip shopping centers.
STRONG RETAIL PERFORMANCE & UNTAPPED LOCAL DEMAND
The major shopping centers along the corridor, Shops at Penn Branch, Fort Davis Shopping Center, and Fairfax Village Shopping Center, all feature high occupancy rates, reflecting the strong performance of current retail tenants.
Additional pent-up demand exists, particularly for dining and grocery options.
SURGE IN RECENT LEASING AND INVESTMENT
A Chipotle, Planet Fitness, and multiple new sit-down restaurants have recently signed leases along Pennsylvania Avenue East. In addition, the corridor recently received significant streetscape improvements and a new Small Area Plan is expected to bring further public investment in pedestrian conditions and public transportation. With this recent surge on investment, now is the time to be a part of the corridor’s growth. Lastly, the Mayor’s office has earmarked significant funds to attract additional food-related businesses to the neighborhood.
WE HAVE THE MAIN STREET ADVANTAGE
All businesses along the corridor will be supported by a new Main Street program, with the sole purpose of supporting the growth of local businesses. The Main Street offers services such as facade and signage enhancements, interior improvements, marketing assistance, and regulatory support.
Make that MOVe
NEED INFORMATION ON CURRENT LEASING &
COMMERCIAL SALES OPPORTUNITIES?
CONTACT:
Latisha Atkins:
Babatunde Oloyede:
TELEPHONE: (202) 650-5621
PEnnsylvania Avenue EAST MAIN STREET
MARSHALL HEIGHTS COMMUNITY DEVELOPMENT CORPORATION (MHCDO)
3939 Benning Road Northeast, Washington, DC 20019
Telephone: (202) 396-1200
MONDAY-FRIDAY: 9:00AM - 5:30PM
SATURDAY - SUNDAY: CLOSED
PROGRAM CONTACT:
Latisha R. Atkins, J.D.,
Pennsylvania Ave East Main Street (PAEMS) Director
Email:
Telephone: (202) 650-5621