14th Street & Florida Avenue NE
Washington, D.C. 20002
The Offering
Summary
- List Price $2,495,000
- 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 offer for sale 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. Lastly, a purchaser could also forgo the ground-up development project and simply renovate the existing structures for commercial use, multifamily use, or any combination thereof.
Investment Highlights
• Multifamily Development Site Conveying with Approved Plans & Permits at Closing
• Permitted for 51 Multifamily Units with Ground-Level Commercial Space
• 38,282 SF Across 7 Levels + Cellar | 6 Surface Parking Spaces
• Unit Mix of 8 Micro Units, 20 Studios, 16 1BRs, 3 1BR+Dens, & 4 2BRs
• Design Flexibility | Plans could be Modified if Larger Units are Preferred
• Located Adjacent to the H Street Corridor & Only 0.7 Miles from Union Market
• Over 138 Feet of Combined Street Frontage on 14th Street NE & Florida Avenue NE
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