202-221-8426
5232-5236 44th St NW, Washington, DC for Sale
Office - FOR SALE
1/6
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5232-5236 44th St NW
Washington, DC 20015
Friendship Heights


HIGHLIGHTS

  • Blue-Chip Friendship Heights Location - Transit-Oriented, Retail - Anchored
  • Attractive MU-4 Zoning With Near-Term Development Capability
  • Transformation Density Upside - Friendship Heights Mixed Use Development
  • Strong Nearby Redevelopment Precedent
  • Covered Land Play With-In Cash Flow
  • Resilient Submarket With Active Development Pipeline

OVERVIEW

Horvath & Tremblay is pleased to present 5232 & 5236 44th Street NW, a rare, covered land development opportunity in the heart of Friendship Heights, one of Northwest Washington, DC’s most established and resilient mixed-use submarkets. Located just 900 feet from the Friendship Heights Metro Station (Red Line) and steps from the DC–Maryland border, the property benefits from exceptional transit access, strong surrounding demographics, and a proven redevelopment environment. The offering consists of two side-by-side boutique office buildings on a combined 7,140 square feet of land across two parcels, currently zoned MU-4, permitting moderate-density mixed-use development with up to 3.0 FAR (with IZ and penthouse), 50-foot height, and 75% lot occupancy. The site is also within the Friendship Heights Metro Mixed Use Development Zone under the Wisconsin Avenue Development Framework, which—if approved—would significantly increase development capacity to 7.8 FAR with IZ+, heights up to 130 feet, and approximately 56,000+ square feet of above-grade density. Friendship Heights occupies a strategic position between Downtown Bethesda and Northwest DC and is surrounded by affluent neighborhoods including Chevy Chase, AU Park, and Tenleytown. Anchored by a strong retail and amenity base—such as Whole Foods, Bloomingdale’s, Saks Fifth Avenue, and Amazon Fresh—the area supports a true live-work-play environment. The existing buildings provide in-place income to offset carrying costs during an anticipated 12+ month entitlement process, further enhancing the attractiveness of this transit-oriented redevelopment opportunity in a blue-chip, supply-constrained submarket.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5232 & 5236 44th Street NW

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1937

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,140 SF

ZONING

MU-4

APN/PARCEL ID

1579-0008

ASK ABOUT THIS PROPERTY

Dennis CravediHorvath & TremblayMore Info
202-221-8426

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Dennis CravediHorvath & TremblayMore Info
202-221-8426

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