2901 Minnesota Ave SE 8,168 SF Retail Building Washington, DC 20019 £2,071,850 (£253.65/SF)
INVESTMENT HIGHLIGHTS
- • Ideal for an Owner-User | Delivered 100% Vacant at Closing
- • MU-3A Zoning Allows for Retail, Office, Medical, Childcare, Education, & Many Other Uses
- • Located in HUB and Opportunity Zones
- • Formerly a Highly Successful Retail Auto Parts Location | Annual Sales Volume Exceeding $7M
- • Potential to Upzone to MU-4 Through the Map Amendment or PUD Process
- • Immediate Access to 1-295 | Proximate to Pennsylvania Avenue SE & Benning Road NE
EXECUTIVE SUMMARY
Feldman Ruel is pleased to present 2901 Minnesota Ave SE, a 7,188-square-foot, slab-on-grade building situated on an 18,815-square-foot lot occupying an entire city block in the Hillcrest neighborhood of Washington, D.C. The subject property, historically used as a highly successful auto parts retail location, will be delivered vacant at closing, making the opportunity ideal for an owner-user. The building boasts 14’ ceilings, plenty of on-site parking, and immediate access to I-295. In addition, 2901 Minnesota Ave SE may have future upzoning potential from its current MU-3A zoning designation (1.0 FAR + IZ & penthouse bonuses) to an MU-4 zoning designation (2.5 FAR + IZ & penthouse bonuses) through a map amendment or Planned Unit Development process.
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,168 SF
Building Class
C
Year Built
1941
Price
£2,071,850
Price Per SF
£253.65
Tenancy
Single
Number of Floors
1
Building FAR
0.43
Lot Size
0.43 AC
Opportunity Zone
Yes
Zoning
MU-3A - Intended to permit low-density mixed-use development; and provide convenient retail and personal service establishments for local neighborhood
Parking
15 Spaces (1.84 Spaces per 1,000 SF Leased)
Frontage
50 ft on Minnesota Ave
AMENITIES
- Signage
- Signalised Junction
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5507-0803 | Improvements Assessment | £137,646 |
| Land Assessment | £572,109 | Total Assessment | £709,756 |
