1919 Benning Rd NE - Storefront Retail/Residential FOR SALE


Washington, DC 20002- Kingman Park
$875,000 USD
202-318-6800
1919 Benning Rd NE, Washington, DC for Sale
$875,000 USD
Storefront Retail/Residential - FOR SALE
1/7
null | Request Cap Rate

1919 Benning Rd NE
Washington, DC 20002
Kingman Park


HIGHLIGHTS

  • Truly Shovel-Ready 10-Unit Multifamily Development Project | Conveys with Building Permit
  • All 2-Bedroom Units with Outdoor Spaces | Amenities Include On-Site Parking
  • No IZ Units Required Allowing for Maximum Outsale or Rental Proceeds
  • Conveniently Located within One Block of Multiple Metrobus & DC Streetcar Stops
  • 3,043 Multifamily Units and 88,600 Square Feet of Retail Either Proposed or Under Construction in a 1-Mile Radius

OVERVIEW

Feldman Ruel is pleased to present 1919 Benning Road NE, a fully-permitted development site located in the burgeoning Kingman Park neighborhood of Washington, D.C. This 10-unit development site is a truly shovel-ready project that allows a buyer to break ground immediately after closing, thereby mitigating carrying costs and avoiding the Washington, D.C. notoriously cumbersome entitlement process. 1919 Benning Road NE represents a unique opportunity for a developer to acquire a truly shovel-ready project. At closing, ownership will convey to the purchaser all necessary approvals and permits to build ten condominium or rental units thereby eliminating entitlement risk and significantly reducing carrying costs.

FOR SALE DETAILS

PRICE

$875,000 USD

PRICE/SF

$379 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

10-Unit Shovel-Ready Development Site

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,160 SF

ZONING

MU-5A

APN/PARCEL ID

4514-0810

ASK ABOUT THIS PROPERTY

Josh FeldmanFeldman Ruel Urban Property Advisors, LLCMore Info
202-318-6800

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

Josh FeldmanFeldman Ruel Urban Property Advisors, LLCMore Info
202-318-6800

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