$900,000 USD
202-318-6800
505 Florida Ave NW
Washington, DC 20001
LeDroit Park
HIGHLIGHTS
- • Owner-User Optionality | Delivered Vacant at Closing
- • MU-4 Zoning Allows for Additional Density & Various Uses Including Retail, Office, & Residential
- • Less than 1,000 Feet from the Shaw-Howard University Metro Station (Green Line)
- • Located in an Opportunity Zone which Offers Tax Incentives for Investment & Development
- • Developing Area | 1,675 Multifamily Units Proposed or Under Construction Nearby
OVERVIEW
Feldman Ruel is pleased to offer for sale 505 Florida Avenue NW, a three-level property located in the Ledroit Park neighborhood of Washington, D.C. The subject property is within walking distance of the Shaw-Howard University Metro station and Howard University. Additionally, 505 Florida Avenue NW will be delivered 100% vacant. The occupancy, location, and flexible MU-4 zoning allows for numerous uses, making the subject property an excellent option for users and investors alike.
FOR SALE DETAILS
PRICE
$900,000 USD
PRICE/SF
$434 USD /SF
CAP RATE
Request Cap Rate
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment Or Owner User
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront Retail/Residential
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
1900
SPRINKLERS
-
PARKING SPACES
2
LAND DETAILS
LAND ACRES
0.03 AC
LAND SF
1,182 SF
ZONING
MU-4
APN/PARCEL ID
3093-0802
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202-318-6800
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202-318-6800
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