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Listed by ALADDIN AL KATHERI • Samson Properties
$ 1,900,000
Est. payment | /mo
1,307 Sqft Lot
$ 1,900,000
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 DCDC2234416
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 HighGrowth Corridor.Unleash the Full Potential Prime MixedUse Development Site on HighTraffic Georgia Ave NW.3532 Georgia Avenue NW represents a rare opportunity to acquire an underdeveloped parcel in the highgrowth 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 cleanslate redevelopment opportunity under favorable Neighborhood MixedUse NMU zoning. The immediate potential lies in maximizing the permitted Floor Area Ratio FAR for a vertically integrated project featuring groundfloor retail/restaurant space and multilevel residential units.The asking price of $1900000 is positioned for an experienced developer who can execute the highest and best usea modern multistory mixeduse building that will capitalize on the neighborhood's accelerating residential demand and proximity to the Georgia AvenuePetworth 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
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