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1120 Vermont Ave NW
Washington, DC 20005
Midtown DC · Office Property For Sale
Executive Summary
Core Development Opportunity - Stream Realty Partners is pleased to present the opportunity to acquire a free-standing, 502,009 square foot, 12-story office building situated on a 47,732 square foot site in the heart of downtown Washington, D.C. The property offers a rare, fully vacant asset that provides immediate optionality for a transformative repositioning or ground-up development.
Zoned D-6, the site is positioned to maximize both density and use, allowing new ownership to capitalize on the housing shortage, strong multifamily fundamentals of the 14th Street Corridor, and continued evolution of Downtown Washington, D.C. into a vibrant, mixed-use neighborhood. With ~ 300 below-grade parking spaces already in place, the property offers a significant infrastructure benefit that reduces future development costs and timelines.
Zoned D-6, the site is positioned to maximize both density and use, allowing new ownership to capitalize on the housing shortage, strong multifamily fundamentals of the 14th Street Corridor, and continued evolution of Downtown Washington, D.C. into a vibrant, mixed-use neighborhood. With ~ 300 below-grade parking spaces already in place, the property offers a significant infrastructure benefit that reduces future development costs and timelines.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
502,009 SF
Building Class
B
Year Built
1981
Percent Leased
Vacant
Tenancy
Multiple
Building Height
12 Stories
Typical Floor Size
41,834 SF
Building FAR
10.48
Lot Size
1.10 AC
Zoning
D-6 - High-Density Mixed-Use
Parking
300 Spaces (0.6 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 0214-0109 | Improvements Assessment | $12,616,880 |
| Land Assessment | $71,299,660 | Total Assessment | $83,916,540 |
Property Taxes
Parcel Number
0214-0109
Land Assessment
$71,299,660
Improvements Assessment
$12,616,880
Total Assessment
$83,916,540
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