5223 Georgia Ave NW | Washington, DC 20011
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- LoopNet Team
5223 Georgia Ave NW
Washington, DC 20011
Development Opportunity - Mix-Use Commercial · Office Property For Sale
INVESTMENT HIGHLIGHTS
- Development Opportunity with a Mix-Used Zoned Property. Ideal for Residential and Retail.
- Over 3,100 SF, Three Levels of Useable Space Including the Lower Level.
- Located in an Opportunity Zone and on a "Great Street" corridor.
- MU-4 Zoning Allows for a 3.5 FAR and developable height of up to 50'
- Off-Street Parking (2) and 1.5 Miles to the Petworth Metro Station
- A Buyer can Achieve over a 7% CAP Rate After the Building is Fully Stabilized.
PROPERTY FACTS
Property Type
Office
Property Subtype
Building Size
4,624 SF
Building Class
C
Year Built
1920
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
1,421 SF
Slab To Slab
9’
Building FAR
1.77
Lot Size
0.06 AC
Zoning
MU-4 - Commercial Mix-USE. 3.5 FAR
Parking
2 Spaces (0.63 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 3001-0070 | Improvements Assessment | $608,930 |
| Land Assessment | $223,720 | Total Assessment | $832,650 |
PROPERTY TAXES
Parcel Number
3001-0070
Land Assessment
$223,720
Improvements Assessment
$608,930
Total Assessment
$832,650
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