1922 Benning Rd NE | Washington, DC 20002
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- LoopNet Team
1922 Benning Rd NE
Washington, DC 20002
Development Opportunity | Proforma CAP -7.75% · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- A Development Site on the Benning Road/H Street Corridor Zoned MU-5A. Allows for 13,200 Buildable Square Feet with the 4.2 FAR.
- An Opportunity to Achieve a 7.35% +/- CAP Rate After this Building is Stabilized.
- This Property is Located in an Opportunity Zone and it is located on a "Great Street" Corridor.
- Ability to Develop Approximately 14 Apartment or Condo Units and First Floor Retail Space
- Ideal Location with Redevelopment Occurring Throughout the Benning Road and H Street Corridor
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
3,084 SF
Building Class
C
Year Built/Renovated
1925/2000
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.44
Lot Size
0.16 AC
Zoning
MU-5A - Permits medium density, compact mixed-use development with an emphasis on residential use. Zoning code of MU-5A allows for an FAR of 4.2.
Parking
4 Spaces (1.3 Spaces per 1,000 SF Leased)
Frontage
32’ on Benning Rd
AMENITIES
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 4506-0811 | Improvements Assessment | $308,040 |
| Land Assessment | $71,590 | Total Assessment | $379,630 |
PROPERTY TAXES
Parcel Number
4506-0811
Land Assessment
$71,590
Improvements Assessment
$308,040
Total Assessment
$379,630
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