1201 Mt Olivet Rd NE - Freestanding FOR SALE


Washington, DC 20002- Trinidad
$1,990,000 USD
202-318-6800
1201 Mt Olivet Rd NE, Washington, DC for Sale
$1,990,000 USD
Freestanding - FOR SALE
1/5
null | Request Cap Rate

1201 Mt Olivet Rd NE
Washington, DC 20002
Trinidad


HIGHLIGHTS

  • Ideal for Owner-User | Can Be Delivered 100% Vacant at Closing
  • 3,000-SF Commercial Building on a 12,723-SF Lot with 9 Striped Parking Spaces
  • Situated on a Hard Corner with More than 222 Feet of Combined Street Frontage
  • Significant Development Potential | Maximum of 43,258 Above-Grade FAR SF
  • Located in a Historically Underutilized Business Zone (HUBZone)
  • 1,710+ Multifamily Units and 28,000+ SF of Retail Proposed or Under Construction within a 1-Miles Radius.

OVERVIEW

Feldman Ruel is pleased to offer for sale 1201 Mount Olivet Road NE, which offers a rare owner-user or redevelopment opportunity. The 3,000-SF commercial building sits on a 12,723-square-foot, MU-4-zoned, corner lot at the highly trafficked intersection of Mount Olivet Road NE and Montello Avenue NE. The property can be delivered vacant at closing, providing immediate occupancy for an owner-user, while the MU-4 zoning allows for up to 43,258 square feet of density with inclusionary zoning and penthouse bonuses. Located in a HUBZone, the subject property also offers preferential access to federal procurement opportunities, enhancing its long-term value.

FOR SALE DETAILS

PRICE

$1,990,000 USD

PRICE/SF

$663 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,723 SF

ZONING

MU-4

APN/PARCEL ID

4052-0174

ASK ABOUT THIS PROPERTY

Ian RuelFeldman RuelMore Info
202-318-6800

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Ian RuelFeldman RuelMore Info
202-318-6800

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.