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37 Florida Ave NE 1,950 SF Vacant Office Building Washington, DC 20002 $725,000 ($371.79/SF)
Investment Highlights
- • Full- or Partial-User Optionality | Delivered 100% Vacant
- • Less than 0.5 Miles from NoMa-Gallaudet Metrorail Station
- • D-5 Zoning Allows for Retail, Office, & Residential Uses
- • Stable Highly Amenitized Neighborhood
Executive Summary
Feldman Ruel is pleased to exclusively offer for sale 37 Florida Avenue NE, a three-level commercial property located in the NoMa neighborhood of Washington, D.C. and within walking distance of Union Market and North Capitol Street. Delivered vacant, the subject property provides an opportunity for a full- or partial-user to immediately occupy the space upon sale. 37 Florida Avenue NE is zoned D-5, which permits a wide range of retail, office, and residential uses, providing flexibility for a variety of ownership and tenant executions.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
1,950 SF
Building Class
C
Year Built
1905
Price
$725,000
Price Per SF
$371.79
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
650 SF
Building FAR
2.36
Lot Size
0.02 AC
Zoning
D-5
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Exceptionally walkable
100/100
Moderately drivable
70/100
Exceptional public transit
90/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 0668-0072 | Improvements Assessment | $391,310 |
| Land Assessment | $512,630 | Total Assessment | $903,940 |
Property Taxes
Parcel Number
0668-0072
Land Assessment
$512,630
Improvements Assessment
$391,310
Total Assessment
$903,940
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