Congress Heights Metro Station Development Site
49,021-SF Parcel Conveying w/Approved PUD-Mixed-Use (Office & Retail) Next to St. Elizabeths Campus
Marketing description
Feldman Ruel is pleased to offer for sale 1333 Alabama Avenue SE, a 49,021-square-foot parcel conveying with an approved Planned Unit Development (PUD) to construct a mixed-use office/retail building. The approved PUD consists of 226,695 gross square feet of office space above 9,138 gross square feet of retail. The total gross building area is spread across eight levels with a building height of 90 feet. The subject property abuts the Congress Heights Metro station, and is located directly across from the 183-acre redevelopment of St. Elizabeths East Campus.
Download the Offering Memorandum: https://listings.feldmanruel.com/properties/congress-heights-metro-station-development-site/
Investment highlights
Conveys with an Approved Planned Unit Development for Mixed-Use Retail/Office Building | Limited Entitlement Risks
Ownership Willing to Amend PUD to Another By-Right Use
Joint Venture Opportunity | Creative Financing and Partnership Structure Optionality
PUD Approved for High Density Zoning | MU-8B
Across from the 183-Acre Redevelopment of St Elizabeths East Campus
1.5 Million+ SF of Planned, Under Construction, & Recently Delivered Commercial Space within 0.3 Miles
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