Highlights

• Approved and ready to build.
• Approved uses: Retail, Office, Apartments.
• Zoned for medium density commercial activity.

• Only minutes away from metro.
• Minutes from Howard University

Description

** PRICE REDUCTION ** The subject is located in the northwest quadrant of Washington, DC, in an area known as Columbia Heights. The property is located at the eastern edge of this neighborhood and is also influenced by its proximity to the adjacent neighborhoods of Shaw to the south and Petworth to the north. This is a building project not only land sale. All the permits, environmental and architectural drawings are in place to build a 29,424 square feet office/Retail/Residential Property at this location. Every thing is ready including the loan to start construction. For more information please see HTTP://Sale.SVN.com/3205georgia_Building

The area is in the revitalization stage of its life cycle. Although turmoil in the for sale housing markets is likely to prevent near-term appreciation in single-family and condominium properties (which have generally seen prices fall over the last year), the rental market in the area is performing well. Recent development activity has been brisk, but is expected to slow in the coming years as the supply of sites suitable for development or redevelopment diminishes. Also Georgia Avenue has been identified as one of six target corridors for the District of Columbia's Great Streets Initiative. This initiative is a major capital investment program to designed to create more attractive public spaces along major commercial thoroughfares, in concert with economic development support for local businesses in these areas. This initiative should serve to bolster the retail base along Georgia Avenue between Howard University to the south and the Petworth Metro Rail station to the north.