In 1922, the Sale of the 3650 Block of Georgia Avenue was Big News

(From the Washington Post, July 30, 1922)

(From the Washington Post, July 30, 1922)

Here’s a nice tidbit I stumbled upon recently while searching for something else … a real estate news article concerning the sale of the entire commercial block on the east side of Georgia Avenue between Quebec Place and Rock Creek Church Road. According to the article, the sale of this block, a mere two years after it was built, to a Connecticut-based investor was evidence that outlying business property was attracting more and more attention. The property sold for $150,000.

News of the sale was certainly greeted with optimism. The article  goes on to say … “No property in outlying business sections has come to the front more rapidly than on Georgia Avenue. Many extensive improvements are being planned for this locality which promise to make it in the near future as important a business center as Fourteenth street and Park Road.”

According to the Bureau or Labor Statistics Inflation Calculator, the 1922 price would be comparable to $2,072,910.71 today. Below is the strip of property today.

3650 block of Georgia Avenue today.

3650 block of Georgia Avenue today.

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One Comment on “In 1922, the Sale of the 3650 Block of Georgia Avenue was Big News”

  1. Lisa Galiber Says:

    Great post! Love reading about the history of the commercial development on Georgia Ava.


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