2373 Rhode Island Ave NE - Shovel Ready Development Site Fully Permitted 6,349 SF Specialty Building Offered at £2,109,520 in Washington, DC 20018
INVESTMENT HIGHLIGHTS
- Conveys with Plans & Permits to Build 40 Multifamily Units
- 27,794 Square Feet of Sellable Area Across 6 Levels
- Approximately 5,500 Multifamily Units Under Construction or Planned within a 1-Mile Radius
- Mix of Jr. 1BR, 1BR, 1BR+Den, 2BR, and 2BR+Den Units
- Over $16M Projected Condominium Outsales According to Urban Pace
EXECUTIVE SUMMARY
Feldman Ruel is pleased to exclusively offer for sale 2373 Rhode Island Avenue NE, a 40-unit multifamily development site located in the Woodridge neighborhood of Washington, D.C. At closing, the site will convey with a full set of DOB-approved plans and all permits required to break ground immediately after closing.
PROPERTY FACTS
| Price | £2,109,520 |
| Price Per SF | £332.26 |
| Sale Type | Investment |
| Sale Condition | Development Sale |
| Property Type | Specialty |
| Property Subtype | Religious Facility |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 6,349 SF |
| Number of Floors | 3 |
| Year Built | 1986 |
| Parking Ratio | 2.43/1,000 SF |
| Corridor | Exterior |
| Zoning | MU-4 |
1 of 1
Walk Score®
Very Walkable (78)
PROPERTY TAXES
| Parcel Number | 4249-0020 | Improvements Assessment | £608,453 |
| Land Assessment | £365,459 | Total Assessment | £973,913 |
