2522-2526 Pennsylvania Avenue SE 3 Properties Offered at $2,929,920 CAD in Washington, DC

Feldman Ruel is pleased to offer for sale 2522, 2524, and 2526 Pennsylvania Avenue SE, a combined 8,373-square-foot assemblage in Washington, D.C.’s Hillcrest neighborhood. The offering includes a 3,000-square-foot vacant paved lot, a 4,249-square-foot vacant office building requiring full renovation, and a 4,246-square-foot partially tenanted office building that is 50% occupied. The vacant lot at 2522 Pennsylvania Avenue SE provides off-street parking, while the existing tenancy at 2526 Pennsylvania Avenue SE generates rental income that could help offset renovation costs at 2524 Pennsylvania Avenue SE. The subject properties are located within a qualified HUBZone, offering eligibility for federal contracting advantages, including set-aside opportunities, a 10% price evaluation preference in full and open competitions.
Zoned MU-4, the subject property permits a maximum 3.4 FAR above grade, allowing for immediate or long-term development potential. The subject properties are located near a strong pipeline of development, including Redbrick LMD’s Bridge District which is a mixed-use project delivering nearly 2,000 residential units, retail, and an innovation hub. The first phase, set to begin residential move-ins in February 2025, will introduce 757 units across three buildings, 70,000 square feet of retail, and 250,000 square feet dedicated to the National Campus for Cyber Leadership. The subject properties are a four-minute drive from the Bridge District.