807 Maine Ave SW 23,664 SF Vacant Office Building Washington, DC 20024 For Sale
INVESTMENT HIGHLIGHTS
- Fully approved for: 195 Units across 11-stories and 196,435 GSF
- Highly sought after location at The Wharf
- Prime redevelopment opportunity on Maine Avenue SW at The Wharf for multifamily or trophy office conversion.
- Substantial pre-development work already complete
- Highly educated, affluent surrounding population
EXECUTIVE SUMMARY
Unlock unparalleled opportunities at 807 Maine Avenue, S.W. (“807 Maine”, “The Property”), a rare 0.54-acre development site at the doorstep of The Wharf — Washington, D.C.’s preeminent waterfront destination.
CBRE, as exclusive advisor, presents the exceedingly rare opportunity to acquire a premier parcel for redevelopment within DC’s highest barrier to entry micromarket. The property is currently owned by the Disabled American Veterans (“DAV”) and will be offered entirely vacant presenting execution optionality for:
1. RESIDENTIAL REDEVELOPMENT
With PUD approval for 195 units, the site is primed for an immediate multifamily redevelopment. The market leading success of the recently delivered, surrounding residential inventory, provides empirical support for the sought-after location.
2. TROPHY OFFICE REDEVELOPMENT
Since its inception, the Wharf has raised the bar for rents achieved and user experience. 807 Maine presents an opportunity to capture discerning tenant demand via a freestanding structure with waterfront views at the doorstep of D.C.’s most sought-after mixed-use destination. This offering also presents a unique opportunity for a Trophy owner/user headquarters.
CBRE, as exclusive advisor, presents the exceedingly rare opportunity to acquire a premier parcel for redevelopment within DC’s highest barrier to entry micromarket. The property is currently owned by the Disabled American Veterans (“DAV”) and will be offered entirely vacant presenting execution optionality for:
1. RESIDENTIAL REDEVELOPMENT
With PUD approval for 195 units, the site is primed for an immediate multifamily redevelopment. The market leading success of the recently delivered, surrounding residential inventory, provides empirical support for the sought-after location.
2. TROPHY OFFICE REDEVELOPMENT
Since its inception, the Wharf has raised the bar for rents achieved and user experience. 807 Maine presents an opportunity to capture discerning tenant demand via a freestanding structure with waterfront views at the doorstep of D.C.’s most sought-after mixed-use destination. This offering also presents a unique opportunity for a Trophy owner/user headquarters.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
23,664 SF
Building Class
B
Year Built
1975
Percent Leased
Vacant
Number of Floors
4
Typical Floor Size
5,916 SF
Building FAR
1.00
Lot Size
0.54 AC
Zoning
MU-12
Parking
29 Spaces (1.23 Spaces per 1,000 SF Leased)
1 of 1
Walk Score®
Walker's Paradise (95)
Transit Score®
Rider's Paradise (95)
Bike Score®
Biker's Paradise (90)
PROPERTY TAXES
| Parcel Number | 0439S-0015 | Improvements Assessment | £6,445,993 |
| Land Assessment | £6,413,966 | Total Assessment | £12,859,958 |
CONTACTS
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Manny Fitzgerald -
Harry Stephens -
Dan Grimes -
Stuart Kenny -
John Sheridan -
Charlie Mangold -
Thomas Cleaver -
CBRE
