Van Buren Street NW & Sandy Spring Road

2 Properties in Washington, DC

Investment Highlights

  • Multi-Tenant Urban Warehouse Space | In-Demand Product Type
  • By-Right Development Potential of 108,948 FAR Square Feet
  • 0.6 Miles from the Takoma Metro Station Along the Red Line
  • Approved Plans & Permits to Restore Existing 11,000+ Square Foot Building
  • PDR-1 Zoning | Allows for Wide Range of Uses Including Retail, Office, & Self-Storage

Executive Summary

Feldman Ruel is pleased to offer for sale 233 Van Buren Street NW & 6614 Sandy Spring Road NW, three parcels totaling 31,128 square feet situated on a corner and located 0.6 miles from the Takoma Metro station. The PDR-1 zoned lots allow for a wide range of retail, office, self-storage, and light industrial uses and permit as much as a 3.5 FAR. 233 Van Buren Street NW offers an investor or owner-user the ability to renovate the property to its specific needs. Historically, the property served a multi-tenant office/industrial use, offering a new owner the option to occupy all or a portion of the building and lease the remainder. Combined with the 18,539-square-foot lot at 6614 Sandy Spring Road NW, the subject properties represent an excellent opportunity for an owner-user to locate or expand their business in the rapidly developing Takoma neighborhood of Washington, D.C., given the various by-right uses and significantly underutilized FAR.
Download the Offering Memorandum: https://listings.feldmanruel.com/properties/233-van-buren-street-nw-6614-sandy-spring-road-nw/

Property Facts

Sale Conditions Redevelopment Project
Sale Type Investment or Owner User
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 11,956 SF
Total Land Area 0.71 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
6614 Sandy Spring Rd NW, Washington, DC 20012 Land 0.43 AC - -
233 Van Buren St NW, Washington, DC 20012 Industrial 11,956 SF 1959 -
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  • Listing ID: 33233230

  • Date on Market: 9/19/2024

  • Last Updated:

  • Address: Van Buren Street NW & Sandy Spring Road, Washington, DC