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5321 First Pl NE 10,948 SF Office Building Washington, DC 20011 For Sale
Investment Highlights
- Located in Northeast DC submarket, less than five minutes to Fort Totten Metro Station with Red and Green Lines service.
- Recently renovated in 2019 with updated interiors and efficient layouts.
- Proximity to major retailers, dining options, and several large-scale multifamily developments.
- MU-7B/FT zoning allows for mixed-use development including office, residential, or institutional uses.
- Features 25 surface parking spaces and one elevator for accessibility.
- Convenient access to Riggs Road NE and regional highways, only 4.5 miles to Downtown Washington, DC.
Executive Summary
5321 First Place NE presents a rare investment or owner-occupant opportunity in the Northeast Washington, DC submarket. The property encompasses a two-story, 10,948 SF building on a 0.63-acre lot with MU-7B/FT zoning, offering flexible mixed-use redevelopment potential. Its location places it just 4.5 miles from Downtown DC and a five-minute walk from the Fort Totten Metro Station, served by the Red, Green, and Yellow lines, providing excellent regional connectivity.
The building offers modernized interiors with recent renovations completed in 2019 and includes 25 on-site surface parking spaces. Key features include an elevator, efficient floor layouts, and multiple private offices, combined with MU-7B zoning, making it suitable for office, educational, or residential conversion. Nearby amenities include retailers such as Walmart, CVS, Five Guys, and Chick-fil-A, as well as significant ongoing multifamily development in the immediate area. This property provides outstanding potential for an investor seeking long-term value creation or a user looking for a well-positioned DC location with redevelopment upside.
The building offers modernized interiors with recent renovations completed in 2019 and includes 25 on-site surface parking spaces. Key features include an elevator, efficient floor layouts, and multiple private offices, combined with MU-7B zoning, making it suitable for office, educational, or residential conversion. Nearby amenities include retailers such as Walmart, CVS, Five Guys, and Chick-fil-A, as well as significant ongoing multifamily development in the immediate area. This property provides outstanding potential for an investor seeking long-term value creation or a user looking for a well-positioned DC location with redevelopment upside.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
10,948 SF
Building Class
C
Year Built/Renovated
1962/1996
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
5,474 SF
Building FAR
0.40
Lot Size
0.63 AC
Zoning
MU-7B/FT - Mixed-Use
Parking
25 Spaces (2.28 Spaces per 1,000 SF Leased)
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Moderately walkable
60/100
Moderately drivable
70/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 3701-0825 | Improvements Assessment | $1,618,516 CAD |
| Land Assessment | $2,924,657 CAD | Total Assessment | $4,543,173 CAD |
Property Taxes
Parcel Number
3701-0825
Land Assessment
$2,924,657 CAD
Improvements Assessment
$1,618,516 CAD
Total Assessment
$4,543,173 CAD
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5321 First Pl NE
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