1300 1st St NE | Washington, DC 20002
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- LoopNet Team
1300 1st St NE
Washington, DC 20002
NoMa Multifamily Development Site - 470 Units · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Large corner-lot development site located in Washington, DC's NoMa submarket - the district's most dynamic & electric submarket in the downtown area.
- D-5 zoning allows for by-right maximum site utilization and unlimited FAR, and future potential affordable housing requirements cannot be instituted.
- Highly accessible asset just one block from the NoMa-Gallaudet Metro and six blocks from Union Station, and located just off New York Avenue NW.
- Current ownership has progressed through the design process and now has 100% design drawings completed with an estimated 470 units.
- Site allows the building to achieve the highest permissible building height in DC at 130' (not including a 20' habitable penthouse).
PROPERTY FACTS
Property Type
Office
Building Size
55,500 SF
Building Class
C
Year Built
1983
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
18,500 SF
Slab To Slab
10’
Building FAR
1.36
Lot Size
0.94 AC
Zoning
D-5 - is a zoning designation in downtown Washington, DC that promotes high-density development of commercial and mixed uses.
Parking
90 Spaces (1.1 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,552,640 | |
| Land Assessment | $25,017,830 | Total Assessment | $26,570,470 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$25,017,830
Improvements Assessment
$1,552,640
Total Assessment
$26,570,470
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