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1201 Mt Olivet Rd NE
Washington, DC 20002
Retail Property For Sale
Investment Highlights
- Ideal for Owner-User | Can Be Delivered 100% Vacant at Closing
- Situated on a Hard Corner with More than 222 Feet of Combined Street Frontage
- Located in a Historically Underutilized Business Zone (HUBZone)
- 3,000-SF Commercial Building on a 12,723-SF Lot with 9 Striped Parking Spaces
- Significant Development Potential | Maximum of 43,258 Above-Grade FAR SF
- 1,710+ Multifamily Units and 28,000+ SF of Retail Proposed or Under Construction within a 1-Miles Radius.
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,000 SF
Building Class
C
Year Built
1955
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
0.29 AC
Zoning
MU-4 - MU-4 zoning allows for moderate-density mixed-use development
Parking
9 Spaces (3 Spaces per 1,000 SF Leased)
Frontage
61’ on Montello Ave
Amenities
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 4052-0174 | Improvements Assessment | $1,235,570 |
| Land Assessment | $678,390 | Total Assessment | $1,913,960 |
Property Taxes
Parcel Number
4052-0174
Land Assessment
$678,390
Improvements Assessment
$1,235,570
Total Assessment
$1,913,960
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