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505 Florida Ave NW 2,072 SF Vacant Retail Building Washington, DC 20001 $1,151,634 CAD ($555.81 CAD/SF)
INVESTMENT HIGHLIGHTS
- • Owner-User Optionality | Delivered Vacant at Closing
- • Less than 1,000 Feet from the Shaw-Howard University Metro Station (Green Line)
- • Developing Area | 1,675 Multifamily Units Proposed or Under Construction Nearby
- • MU-4 Zoning Allows for Additional Density & Various Uses Including Retail, Office, & Residential
- • Located in an Opportunity Zone which Offers Tax Incentives for Investment & Development
EXECUTIVE SUMMARY
Feldman Ruel is pleased to offer for sale 505 Florida Avenue NW, a three-level property located in the Ledroit Park neighborhood of Washington, D.C. The subject property is within walking distance of the Shaw-Howard University Metro station and Howard University. Additionally, 505 Florida Avenue NW will be delivered 100% vacant. The occupancy, location, and flexible MU-4 zoning allows for numerous uses, making the subject property an excellent option for users and investors alike.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,072 SF
Building Class
C
Year Built
1900
Price
$1,151,634 CAD
Price Per SF
$555.81 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.59
Lot Size
0.03 AC
Opportunity Zone
Yes
Zoning
MU-4
Parking
2 Spaces (0.97 Spaces per 1,000 SF Leased)
Frontage
15’ on Florida Ave NW
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Former tattoo parlor
Former tattoo parlor
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,036 SF | Retail | In-Line | Now |
| 2nd Floor | 1,036 SF | Retail | In-Line | Now |
1st Floor
| Size |
| 1,036 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
2nd Floor
| Size |
| 1,036 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
1 of 4
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Floor
| Size | 1,036 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Former tattoo parlor
2nd Floor
| Size | 1,036 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Former tattoo parlor
Walk Score®
Walker's Paradise (96)
Transit Score®
Excellent Transit (79)
Bike Score®
Biker's Paradise (93)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 3093-0802 | Improvements Assessment | $500,678 CAD |
| Land Assessment | $706,858 CAD | Total Assessment | $1,207,536 CAD |
PROPERTY TAXES
Parcel Number
3093-0802
Land Assessment
$706,858 CAD
Improvements Assessment
$500,678 CAD
Total Assessment
$1,207,536 CAD
1 of 8
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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505 Florida Ave NW
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