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14th Street & Florida Avenue NE 3 Properties Offered at $3,468,724 CAD in Washington, DC
Investment Highlights
- Multifamily Development Site Conveying with Approved Plans & Permits at Closing | Permitted for 51 Multifamily Units & Ground-Level Commercial Space
- Unit Mix of 8 Micro Units, 20 Studios, 16 1BRs, 3 1BR+Dens, & 4 2BRs
- Located Adjacent to the H Street Corridor & Only 0.7 Miles from Union Market
- 38,282 SF Across 7 Levels + Cellar | 6 Surface Parking Spaces
- Design Flexibility | Plans could be Modified if Larger Units are Preferred
- Over 138 Feet of Combined Street Frontage on 14th Street NE & Florida Avenue NE
Executive Summary
Feldman Ruel is pleased to offer for sale 14th Street and Florida Avenue NE, a 51-unit multifamily development site with ground-level commercial space, conveying with all approved plans and permits upon closing. Alternatively, a developer could redesign the project to provide a more condominium-friendly unit mix. The future project, uniquely positioned on the corner of 14th Street and Florida Avenue NE, will offer views from multiple directions. Lastly, a purchaser could also forgo the ground-up development project and simply renovate the existing structures for commercial use, multifamily use, or any combination thereof.
Parcel Numbers: 1026-0000-0066, 1026-0000-0177, 1026-0000-0173.
Proposed Gross SF: 38,282 SF
Proposed Unit Count: 51 Residential + 1 Commercial
Proposed Rentable/Sellable Multifamily SF: 25,554 SF
Proposed Rentable/Sellable Commercial Area: 3,990 SF
Proposed On-Site Parking: 6 Spaces
Proposed Number of IZ Units: 5
Lot Size: 6,202 SF
Zoning: NMU-7B/H-A
Parcel Numbers: 1026-0000-0066, 1026-0000-0177, 1026-0000-0173.
Proposed Gross SF: 38,282 SF
Proposed Unit Count: 51 Residential + 1 Commercial
Proposed Rentable/Sellable Multifamily SF: 25,554 SF
Proposed Rentable/Sellable Commercial Area: 3,990 SF
Proposed On-Site Parking: 6 Spaces
Proposed Number of IZ Units: 5
Lot Size: 6,202 SF
Zoning: NMU-7B/H-A
Property Facts
| Price | $3,468,724 CAD | Number of Properties | 3 |
| Price / SF | $250.43 CAD / SF | Individually For Sale | 0 |
| Sale Condition | Redevelopment Project | Total Building Size | 13,851 SF |
| Sale Type | Investment | Total Land Area | 0.14 AC |
| Status | Active |
| Price | $3,468,724 CAD |
| Price / SF | $250.43 CAD / SF |
| Sale Condition | Redevelopment Project |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 13,851 SF |
| Total Land Area | 0.14 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 810 14th St NE, Washington, DC 20002 | Multifamily | 10,417 SF | 1900 | - |
| 816 14th St NE, Washington, DC 20002 | Multifamily | 2,314 SF | 1930 | - |
| 1395 Florida Ave NE, Washington, DC 20002 | Specialty | 1,120 SF | 1983 | - |
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14th Street & Florida Avenue NE
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