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1201 Mt Olivet Rd NE 3,000 SF Retail Building Washington, DC 20002 $2,714,599 CAD ($904.87 CAD/SF)
Investment Highlights
- Ideal for Owner-User | Can Be Delivered 100% Vacant at Closing
- Situated on a Hard Corner with More than 222 Feet of Combined Street Frontage
- Located in a Historically Underutilized Business Zone (HUBZone)
- 3,000-SF Commercial Building on a 12,723-SF Lot with 9 Striped Parking Spaces
- Significant Development Potential | Maximum of 43,258 Above-Grade FAR SF
- 1,710+ Multifamily Units and 28,000+ SF of Retail Proposed or Under Construction within a 1-Miles Radius.
Executive Summary
Feldman Ruel is pleased to offer for sale 1201 Mount Olivet Road NE, which offers a rare owner-user or redevelopment opportunity. The 3,000-SF commercial building sits on a 12,723-square-foot, MU-4-zoned, corner lot at the highly trafficked intersection of Mount Olivet Road NE and Montello Avenue NE. The property can be delivered vacant at closing, providing immediate occupancy for an owner-user, while the MU-4 zoning allows for up to 43,258 square feet of density with inclusionary zoning and penthouse bonuses. Located in a HUBZone, the subject property also offers preferential access to federal procurement opportunities, enhancing its long-term value.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,000 SF
Building Class
C
Year Built
1955
Price
$2,714,599 CAD
Price Per SF
$904.87 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
0.29 AC
Zoning
MU-4 - MU-4 zoning allows for moderate-density mixed-use development
Parking
9 Spaces (3 Spaces per 1,000 SF Leased)
Frontage
61’ on Montello Ave
Amenities
- Pylon Sign
- Signage
Walk Score®
Very Walkable (81)
Nearby Major Retailers
Property Taxes
| Parcel Number | 4052-0174 | Improvements Assessment | $1,695,202 CAD |
| Land Assessment | $930,751 CAD | Total Assessment | $2,625,953 CAD |
Property Taxes
Parcel Number
4052-0174
Land Assessment
$930,751 CAD
Improvements Assessment
$1,695,202 CAD
Total Assessment
$2,625,953 CAD
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1201 Mt Olivet Rd NE
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