2419 Massachusetts Ave NW
Washington, DC 20008

Prime Land Bidding Announcement in Strategic Location 9 lots total Description IIB Development Group is pleased to present the following development site located at 2419 Massachusetts Ave NW, in the historic KALORAMA neighborhood of Washington, D.C. Four contiguous lots of approximately 3125 sq. ft. each are available for development on the site, which is currently zoned D/R-1-B. The developer will be expected to apply for rezoning and/or consolidate lots as necessary to enable mixed use development that helps promote a positive and walkable lifestyle for the neighborhood and at the same time offering an outstanding opportunity for Developer and Owner. Build–operate–transfer (BOT) or build–own–operate–transfer (BOOT) is the form of project implementation that is envisaged for the proposed development. The Developer will be granted a concession by the Owner to enable financing, design, construction, owning and operation the facility over an agreed period. Other types of alternate development packages are also welcome. The Developer shall team up with IIB Development Group, who will provide all professional A/E services for the project. Highlights The Property comprises 9 Lots (Lot 16 to 24) of which 5 (Lots 20 to 24) are already developed. On these lots stands a 1906 Historic building currently occupied as a Diplomatic Chancery, which should be renovated as part of the proposed development. •Total area of Lots 16 to 24 = 23,650 sq. ft. •Size of Lots 16 to 19 = 25ft. x 125ft. (available for development) Zoning Analysis All four lots available for development are located in the D/R-B-1 Zone: Lot 16: Land Area (3,125) Lot 17: Land Area (3,125) Lot 18: Land Area (3,125) Lot 19: Land Area (3,125) Total: 12,500 sq. ft. Bid Proposals: All investors, developers to send proposals to info@iibdevelopmentgroup.com, Call the office at 571-207-0211 for any question.