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2373 Rhode Island Ave NE - Shovel Ready Development Site Fully Permitted 6,349 SF Specialty Building Offered at $2,800,000 in Washington, DC 20018
Investment Highlights
- Conveys with Plans & Permits to Build 40 Multifamily Units
- 27,794 Square Feet of Sellable Area Across 6 Levels
- Approximately 5,500 Multifamily Units Under Construction or Planned within a 1-Mile Radius
- Mix of Jr. 1BR, 1BR, 1BR+Den, 2BR, and 2BR+Den Units
- Over $16M Projected Condominium Outsales According to Urban Pace
Executive Summary
Feldman Ruel is pleased to exclusively offer for sale 2373 Rhode Island Avenue NE, a 40-unit multifamily development site located in the Woodridge neighborhood of Washington, D.C. At closing, the site will convey with a full set of DOB-approved plans and all permits required to break ground immediately after closing.
Property Facts Under Contract
| Price | $2,800,000 | Lot Size | 0.13 AC |
| Price Per SF | $441.01 | Building Size | 6,349 SF |
| Sale Type | Investment | No. Stories | 3 |
| Sale Condition | Redevelopment Project | Year Built | 1986 |
| Property Type | Specialty | Parking Ratio | 2.43/1,000 SF |
| Property Subtype | Religious Facility | Corridor | Exterior |
| Building Class | C | ||
| Zoning | MU-4 | ||
| Price | $2,800,000 |
| Price Per SF | $441.01 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Property Type | Specialty |
| Property Subtype | Religious Facility |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 6,349 SF |
| No. Stories | 3 |
| Year Built | 1986 |
| Parking Ratio | 2.43/1,000 SF |
| Corridor | Exterior |
| Zoning | MU-4 |
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Walk Score®
Very Walkable (81)
Property Taxes
| Parcel Number | 4249-0020 | Improvements Assessment | $851,930 |
| Land Assessment | $485,080 | Total Assessment | $1,337,010 |
Property Taxes
Parcel Number
4249-0020
Land Assessment
$485,080
Improvements Assessment
$851,930
Total Assessment
$1,337,010
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2373 Rhode Island Ave NE - Shovel Ready Development Site Fully Permitted
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