Listed by Feldman Ruel
$2,495,000
14th Street & Florida Avenue NE
Details
APN 1026-0000-0066, 1026-0000-0177, 1026-0000-0173
Property Type Multifamily, Mixed Use
Sub Type Apartment Building
Square Footage 38,282
Net Rentable (SqFt) 29,544
Units 52
Price per SqFt $88
Stories 8
Lot Size (SqFt) 6,202
Zoning NMU-7B/H-A
Parking Spaces 6 spaces
Parking Per SqFt 0.16
Investment Type Redevelopment
Ground Lease No
51-Unit Multifamily Development with Ground-Level Commercial Conveying with Approved Plans & Permits
Marketing description
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.
Download the Offering Memorandum: https://listings.feldmanruel.com/properties/14th-street-florida-avenue-ne/
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
Listing Contacts
Listed by Feldman Ruel
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