505 Florida Avenue NW
Washington, D.C. 20001
The Offering
Summary
- List Price $950,000
- Gross Building Area 2,072 SF
- Price Per SF $458.49
- Lot Size 1,182 SF
- Occupancy 0%
- Zoning MU-4
- Current Use Retail
- Potential Uses Retail, Office, Multifamily
Investment Summary
Feldman Ruel is pleased to offer for sale 505 Florida Avenue NW, a three-level property located in the Ledroit Park neighborhood of Washington, D.C. The subject property is within walking distance of the Shaw-Howard University Metro station and Howard University. Additionally, 505 Florida Avenue NW will be delivered 100% vacant. The occupancy, location, and flexible MU-4 zoning allows for numerous uses, making the subject property an excellent option for users and investors alike.
Investment Highlights
• Owner-User Optionality | Delivered Vacant at Closing
• MU-4 Zoning Allows for Additional Density & Various Uses Including Retail, Office, & Residential
• Less than 1,000 Feet from the Shaw-Howard University Metro Station (Green Line)
• Located in an Opportunity Zone which Offers Tax Incentives for Investment & Development
• Developing Area | 1,675 Multifamily Units Proposed or Under Construction Nearby
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