5321 First Place NE presents a rare investment or owner-occupant opportunity in the Northeast Washington, DC submarket. The property encompasses a two-story, 10,948 SF building on a 0.63-acre lot with MU-7B/FT zoning, offering flexible mixed-use redevelopment potential. Its location places it just 4.5 miles from Downtown DC and a five-minute walk from the Fort Totten Metro Station, served by the Red, Green, and Yellow lines, providing excellent regional connectivity. The building offers modernized interiors with recent renovations completed in 2019 and includes 25 on-site surface parking spaces. Key features include an elevator, efficient floor layouts, and multiple private offices, combined with MU-7B zoning, making it suitable for office, educational, or residential conversion. Nearby amenities include retailers such as Walmart, CVS, Five Guys, and Chick-fil-A, as well as significant ongoing multifamily development in the immediate area. This property provides outstanding potential for an investor seeking long-term value creation or a user looking for a well-positioned DC location with redevelopment upside.