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Listed by Alexis Hamilton • Samson Properties
$ 1,300,000
Est. payment | /mo
1,307 Sqft Lot
$ 1,300,000
Est. payment | /mo
1,307 Sqft Lot
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID DCDC2288092
Year Built 1921
Annual Tax Amount $36,546
Tax Year 2024
Lot Size 1,307 Sqft
Acres 0.03
Property Sub-Type Retail
Source BRIGHT
Property Description
Prime Development Opportunity with Flexible Use In A High Growth Corridor.Unleash the Full Potential Prime Mixed Use Development Site on HighTraffic Georgia Ave NW. 3532 Georgia Avenue NW represents a rare opportunity to acquire an underdeveloped parcel in the high growth Park View/Columbia Heights corridor of Northwest D.C. Positioned along one of the city's most vibrant commercial arteries the property is offered as a clean slate redevelopment opportunity under favorable Neighborhood Mixed Use NMU zoning. The immediate potential lies in maximizing the permitted Floor Area Ratio FAR for a vertically integrated project featuring ground floor retail/restaurant space and multilevel residential units.The asking price of $1500000 is positioned for an experienced developer who can execute the highest and best use a modern multistory mixed use building that will capitalize on the neighborhood's accelerating residential demand and proximity to the Georgia Avenue Petworth Metro Station.
Location
State DC
County Washington
Zoning NMU-7B/GA
Interior
Hot Water Other
Heating Central
Cooling Central A/C
Heat Source Central
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 2895//0135
Ownership Fee Simple
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
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