2900-2906 Minnesota Ave SE - Freestanding FOR SALE


Washington, DC 20019- Anacostia
$3,280,000 USD
703-395-3123
2900-2906 Minnesota Ave SE, Washington, DC for Sale
$3,280,000 USD
Freestanding - FOR SALE
1/2
null | 5.34% Cap Rate

2900-2906 Minnesota Ave SE
Washington, DC 20019
Anacostia


HIGHLIGHTS

  • Immediate access to I-295, Proximate to Pennsylvania Avenue SE & 1.8 mile from Minnesota Avenue Metro Station
  • Zoned MU-3A tons of potential - may have future up zoning to MU-4

OVERVIEW

Fortune Realty is pleased to exclusively present 2900-2924 Minnesota Avenue SE, on a 0.45 Acre Lot 9,200 SF occupying an entire city block. 2 contiguous building across 2 legal lots, 222 feet of street frontage, plenty of parking at the alley behind & side of building area. Nine (9) multi-tenant, a new owner has the flexibility to collect income from the leased portions while simultaneously occupying the remaining space to create additional upside. Located in HUB and Opportunity Zones, MU-3A Zoning allows for retail, medical and childcare. 2900 Minnesota Avenue SE may have future up zoning potential from its current MU-3A zoning designation (1.0 FAR + IZ / Affordable housing) to an MU-4 zoning designation (2.5 FAR + IZ / Affordable housing) through the map amendment or PUD process.

FOR SALE DETAILS

PRICE

$3,280,000 USD

PRICE/SF

$739 USD /SF

CAP RATE

5.34%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

9,200 SF occupying an entire city block

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,570 SF

ZONING

MU-3

APN/PARCEL ID

5505-0035

ASK ABOUT THIS PROPERTY

Kevin ShinFortune Realty AdvisorsMore Info
703-395-3123

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Kevin ShinFortune Realty AdvisorsMore Info
703-395-3123

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