CVS Building For Sale in Cleveland Park for $17,530,920!!!?!!! But according to commenters, it’s not going anywhere

by Prince Of Petworth February 22, 2019 at 11:05 am 0


3323 Connecticut Avenue, NW via loopnet

Whoa. By now we all know about the Target opening up April 7th in the old Petco space. Turns out that location will include a CVS pharmacy according to Urban Turf. In a discussion about this on the Cleveland Park listserv, one member posted this listing from Loopnet:

“3323-3329 Connecticut Ave NW
Retail For Sale
$17,530,920

Offered for sale is 3323 and 3325-3329 Connecticut Avenue providing an exceptional opportunity to acquire 8,754 square feet of rock solid, street level, trophy Washington, DC real estate along the core retail block of the highly affluent Cleveland Park neighborhood. This location has been in continuous operation as the neighborhood drug store since the 1950s. CVS renovated and expanded into 3323 Connecticut Avenue in 2006-2007 and underwent another complete store renovation in 2010. The true NNN lease provides the greater of 3% or CPI annual rent increases. CVS is directly facing the densely populated and heavily trafficked Connecticut Avenue. The Cleveland Park Metro Station is about 1/2 block away.”

Updates when/if we learn when this CVS plans on closing.

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