14th Street & Florida Avenue NE

Washington, D.C. 20002

Offering Memorandum

The Offering

Summary

  • List Price $3,350,000
  • Product Type Multifamily Development
  • Proposed Gross SF 38,282 SF
  • Proposed Unit Count 51 Residential + 1 Commercial
  • Proposed Rentable/Sellable Multifamily SF 25,554 SF
  • Proposed Rentable Sellable Commercial Area 3,990 SF
  • Proposed On-Site Parking 6 Spaces
  • Proposed Number of IZ Units 5

Investment Summary

Feldman Ruel is pleased to present 14th Street and Florida Avenue NE, a 51-unit multifamily development site with ground-level commercial space, conveying with all approved plans and permits upon closing. Alternatively, a developer could redesign the project to provide a more condominium-friendly unit mix. The future project, uniquely positioned on the corner of 14th Street and Florida Avenue NE, will offer views from multiple directions.

Investment Highlights

• Mixed-Use Development Site Conveying with Approved Plans & Permits at Closing

• Approved Plan for 51 Multifamily Units with Ground-Level Commercial Space

• 38,282 Square Feet Across 7 Levels + Cellar | 6 Surface Parking Spaces

• Unit Mix of 8 Micro Units, 20 Studios, 16 1BRs, 3 1BR+Dens, & 4 2BRs
• Alternative Development Scenario Providing a More Condominium-Friendly Unit Mix

• Located Adjacent to the H Street Corridor and Only 0.7 Miles from Union Market

• Over 138 Feet of Combined Street Frontage on 14th Street NE & Florida Avenue NE

Listing Agents

Josh Feldman

Josh Feldman

Managing Principal
Direct: (202) 318-6833
Ian Ruel

Ian Ruel

Managing Principal
Direct: (202) 318-6844
Ryan Smith

Ryan Smith

Associate Director
Direct: (202) 318-6808