1647 Lamont St NW, Washington, DC 20010

The Opportunity: +17,900 SF building in Shell Condition being offered for Redevelopment on the 1600 block of Lamont Street NW. The Property is zoned RA-2 and therefore qualifies for all types of medium-density residential development. •

Prime Location: Situated in the highly sought-after Mount Pleasant neighborhood, this property offers a blend of residential charm and urban convenience. With a 98 walk score, it is steps away from Columbia Heights Metro and the vibrant Mount Pleasant retail corridor, providing excellent accessibility and amenities for tenants. Half a block away, 16th St NW offers straight shot access to Silver Spring, MD and downtown D.C. via the S2 and S9 bus lines.

Strong Demographics: Mount Pleasant is known for its diverse and affluent demographic. With an Average household income of +$174,000, the neighborhood attracts young professionals, families, and long-term residents, ensuring stable rental demand and growth potential.

Neighborhood Growth: Mount Pleasant is known as one of the District’s most desireable residential neighborhoods, and with a 75% increase in average home prices over the last 5 years, continues to experience significant investment and redevelopment, making it a prime area for property appreciation. Proximity to popular areas like Adams Morgan and Columbia Heights further drives the value of properties in this location.

Rent Control Exempt: 1647 Lamont St NW has a registered exemption from D.C.’s rent control regulations, allowing ownership to achieve full and free market rent without interference from burdensome regulatory oversight.

TOPA Exemption: The Property is 100% vacant and therefore avoids the District’s Tenant Opportunity to Purchase Act (TOPA), allowing new ownership to close and begin construction in a timely manner.