2901 Minnesota Ave SE
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2901 Minnesota Ave SE
8,168 SF Retail Building Washington, DC 20019 $2,750,000 ($337/SF)
Investment Highlights
- • Ideal for an Owner-User | Delivered 100% Vacant at Closing
- • MU-3A Zoning Allows for Retail, Office, Medical, Childcare, Education, & Many Other Uses
- • Located in HUB and Opportunity Zones
- • Formerly a Highly Successful Retail Auto Parts Location | Annual Sales Volume Exceeding $7M
- • Potential to Upzone to MU-4 Through the Map Amendment or PUD Process
- • Immediate Access to 1-295 | Proximate to Pennsylvania Avenue SE & Benning Road NE
Executive Summary
Feldman Ruel is pleased to present 2901 Minnesota Ave SE, a 7,188-square-foot, slab-on-grade building situated on an 18,815-square-foot lot occupying an entire city block in the Hillcrest neighborhood of Washington, D.C. The subject property, historically used as a highly successful auto parts retail location, will be delivered vacant at closing, making the opportunity ideal for an owner-user. The building boasts 14’ ceilings, plenty of on-site parking, and immediate access to I-295. In addition, 2901 Minnesota Ave SE may have future upzoning potential from its current MU-3A zoning designation (1.0 FAR + IZ & penthouse bonuses) to an MU-4 zoning designation (2.5 FAR + IZ & penthouse bonuses) through a map amendment or Planned Unit Development process.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,168 SF
Building Class
C
Year Built
1941
Price
$2,750,000
Price Per SF
$337
Tenancy
Single
Building Height
1 Story
Building FAR
0.43
Land Acres
0.43 AC
Opportunity Zone
Yes
Zoning
MU-3A - Intended to permit low-density mixed-use development; and provide convenient retail and personal service establishments for local neighborhood
Parking
15 Spaces (1.84 Spaces per 1,000 SF Leased)
Frontage
50 FT on Minnesota Ave
Amenities
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 5507-0803 | Improvements Assessment | $104,920 (2023) |
| Land Assessment | $744,510 (2023) | Total Assessment | $849,430 (2023) |
PROPERTY TAXES
Parcel Number
5507-0803
Land Assessment
$744,510 (2023)
Improvements Assessment
$104,920 (2023)
Total Assessment
$849,430 (2023)
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Ian Ruel -
Josh Feldman -
Ryan Smith -
Feldman Ruel
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2901 Minnesota Ave SE
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