5808-5812 Georgia Ave NW - 5808 & 5810-12 Georgia Avenue NW
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5808-5812 Georgia Ave NW - 5808 & 5810-12 Georgia Avenue NW
0.1 Acres of Commercial Land Offered at $1,375,000 in Washington, DC 20011
Investment Highlights
- Great visibility on Georgia Avenue NW. This will benefit any future first floor retail use.
- One block south of a Walmart and close to two grocers, Whole Foods & Safeway.
- Just one mile south of the successful mixed-use project, the Parks at Historic Walter Reed.
Executive Summary
New Price! Recently reduced to $1,375,000. This is an opportunity to acquire a very visible development site on Upper Georgia Avenue in Northwest Washington, D.C. The site is zoned MU-7B which supports a multifamily, mixed-use project of up to 20,261 gross square feet. The two parcels that comprise the site total 4,221 square feet. The improvements are not considered to be structurally sound. Thus, most groups considering this site would demolish the existing improvements and start a new ground-up development. There will be no tours of the building interiors.
Property Facts
1 Lot Available
Lot
Price | $1,375,000 | Lot Size | 0.10 AC |
Price Per AC | $14,189,740 |
Price | $1,375,000 |
Price Per AC | $14,189,740 |
Lot Size | 0.10 AC |
The property is consists of two parcels. 5508 Georgia Avenue NW is Square 2937, Lot 840, and 5810-5812 Georgia Avenue NW is Square 2937 Lot 848.
Walk Score ®
Walker's Paradise (91)
Bike Score ®
Very Bikeable (70)
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $948,040 | |
Land Assessment | $411,490 | Total Assessment | $1,359,530 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$411,490
Improvements Assessment
$948,040
Total Assessment
$1,359,530
zoning
Zoning Code | MU-7B (Medium density mixed-use development.) |
MU-7B (Medium density mixed-use development.) |
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5808-5812 Georgia Ave NW - 5808 & 5810-12 Georgia Avenue NW
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