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Converting to Condos 4840 Georgia Ave NW 3,056 SF Vacant Retail Building Washington, DC 20011 $1,500,000 ($490.84/SF)
INVESTMENT HIGHLIGHTS
- Excellent Owner-User Opportunity | Delivered Vacant at Closing
- 150+ Feet of Combined Street Frontage on Georgia Avenue NW & Emerson Street NW
- Mixed-Use/Multifamily Development Potential | 16,725 FAR SF + Cellar & Penthouse
- Located at a Signalized Intersection along a Major Commercial Corridor
- MU-4 Zoning Allows Numerous By-Right Uses Including Retail, Office, Multifamily
- Located Along a Great Streets Corridor | Eligible for Up to $80,000 in Grants
EXECUTIVE SUMMARY
Feldman Ruel is pleased to offer for sale 4840 Georgia Avenue NW, a two-level corner property, situated on a 5,575-square-foot lot in the Sixteenth Street Heights neighborhood of northwest Washington, D.C. The subject property was formerly used as an office; however, under the MU-4 zoning it could be used in a number of different ways, making 4840 Georgia Avenue NW an excellent option for users and investors alike. Located at the signalized intersection of Georgia Avenue NW and Emerson Street NW with more than 150 feet of combined street frontage, the subject property offers an occupant high-traffic visibility along the longest commercial corridor in Washington, D.C.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
3,056 SF
Building Class
C
Year Built
1927
Price
$1,500,000
Price Per SF
$490.84
Percent Leased
Vacant
Building Height
2 Stories
Building FAR
0.55
Lot Size
0.13 AC
Zoning
MU-4
Parking
2 Spaces (0.65 Spaces per 1,000 SF Leased)
Frontage
Walk Score®
Very Walkable (84)
Bike Score®
Very Bikeable (80)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 2923-0031 | Improvements Assessment | $943,520 |
| Land Assessment | $508,500 | Total Assessment | $1,452,020 |
PROPERTY TAXES
Parcel Number
2923-0031
Land Assessment
$508,500
Improvements Assessment
$943,520
Total Assessment
$1,452,020
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Converting to Condos | 4840 Georgia Ave NW
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