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5232 & 5236 44th Street NW 5232-5236 44th St NW 6,400 SF 100% Leased Office Building Washington, DC 20015 For Sale

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INVESTMENT HIGHLIGHTS

  • Blue-Chip Friendship Heights Location - Transit-Oriented, Retail - Anchored
  • Transformation Density Upside - Friendship Heights Mixed Use Development
  • Covered Land Play With-In Cash Flow
  • Attractive MU-4 Zoning With Near-Term Development Capability
  • Strong Nearby Redevelopment Precedent
  • Resilient Submarket With Active Development Pipeline

EXECUTIVE SUMMARY

Horvath & Tremblay is pleased to present 5232 & 5236 44th Street NW, a rare, covered land development opportunity in the heart of Friendship Heights, one of Northwest Washington, DC’s most established and resilient mixed-use submarkets. Located just 900 feet from the Friendship Heights Metro Station (Red Line) and steps from the DC–Maryland border, the property benefits from exceptional transit access, strong surrounding demographics, and a proven redevelopment environment. The offering consists of two side-by-side boutique office buildings on a combined 7,140 square feet of land across two parcels, currently zoned MU-4, permitting moderate-density mixed-use development with up to 3.0 FAR (with IZ and penthouse), 50-foot height, and 75% lot occupancy. The site is also within the Friendship Heights Metro Mixed Use Development Zone under the Wisconsin Avenue Development Framework, which—if approved—would significantly increase development capacity to 7.8 FAR with IZ+, heights up to 130 feet, and approximately 56,000+ square feet of above-grade density. Friendship Heights occupies a strategic position between Downtown Bethesda and Northwest DC and is surrounded by affluent neighborhoods including Chevy Chase, AU Park, and Tenleytown. Anchored by a strong retail and amenity base—such as Whole Foods, Bloomingdale’s, Saks Fifth Avenue, and Amazon Fresh—the area supports a true live-work-play environment. The existing buildings provide in-place income to offset carrying costs during an anticipated 12+ month entitlement process, further enhancing the attractiveness of this transit-oriented redevelopment opportunity in a blue-chip, supply-constrained submarket.

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Building Size
6,400 SF
Building Class
C
Year Built
1937
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,200 SF
Building FAR
0.90
Lot Size
0.16 AC
Zoning
MU-4

AMENITIES

  • 24 Hour Access
  • Bus Line
  • Metro/Subway
  • Signage
  • Central Heating
  • Fully Carpeted
  • Natural Light
  • Air Conditioning

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Allison Sibley & Associates Pllc
  • Health Care and Social Assistance
  • -
  • -
  • -
  • -
  • Counselors Title
  • Professional, Scientific, and Technical Services
  • -
  • -
  • -
  • -
  • Julia Farr Llc
  • Retailer
  • -
  • -
  • -
  • -
  • Professional, Scientific, and Technical Services
  • -
  • -
  • Triple Net
  • Apr 2020

For over two decades, Lane & Company, CPAs has served as a public accounting firm and trusted advisor to its non-profit clients, providing assurance, outsourced accounting and tax services of the highest caliber. They perform all these services from their office located in Washington, DC. From the moment they opened their doors, their focus has been on their clients. Lane & Company serves non-profit organizations of all kinds, large and small. Currently, one hundred percent of our assurance and outsourced accounting clients are non-profit organizations.

  • Ossolinski Architects Pllc
  • Professional, Scientific, and Technical Services
  • -
  • -
  • -
  • -
  • Health Care and Social Assistance
  • -
  • -
  • -
  • -

I believe in the value of one on one treatment sessions with my clients, dictated by each individual’s personal goals and presentation. By having a flat fee model of pricing, I can individualize my treatments and maintain the transparency of health care costs, giving my clients the best care for the least cost. My goal for each session is that you leave feeling educated, with hope for healing, and with a sound understanding of the plan of care and goals that we develop together to best suit your needs. As a concierge physical therapist, I am are available in off-hours for phone and e-mail communications, I respond in a timely manner to my clients needs, have the ability to have flexible hours and schedule to help my clients get the treatment they need quickly: I believe in the value of these services. As the models for healthcare change, I believe this model is on the forefront of the future of healthcare, putting the client first. I have a unique and highly trained holistic perspec

  • Services
  • -
  • $37.33
  • Plus Utilities
  • Sep 2024

When Carrie and Lauren Dunne – the ultimate mother-daughter duo – founded Varnish Lane, they created more than a nail salon. They set a new standard for beauty and care. At Varnish Lane, they believe that beauty fits “hand in hand” with wellness. And they know that safety, health and relaxation are essential ingredients. They opened their first salon in 2015, but the Varnish Lane story begins years earlier. As a young girl, Lauren filled notebooks with nail designs and carefully catalogued her polish collection. Trips to the nail salon were cherished bonding moments with her mom and three sisters. But the girls were always switching salons, searching for a spot that provided both safety and relaxation. When they realized this did not exist, they came together and dreamt up their own. Their first salon was met with an incredibly warm welcome, drawing clients who had been searching for the same standard of beauty and care.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Allison Sibley & Associates Pllc Health Care and Social Assistance - - - -
Counselors Title Professional, Scientific, and Technical Services - - - -
Julia Farr Llc Retailer - - - -
Professional, Scientific, and Technical Services - - Triple Net Apr 2020
Ossolinski Architects Pllc Professional, Scientific, and Technical Services - - - -
Health Care and Social Assistance - - - -
Services - $37.33 Plus Utilities Sep 2024
Walk Score®
Walker's Paradise (90)
Bike Score®
Very Bikeable (82)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1579-0008
Land Assessment
$827,490
Improvements Assessment
$1,047,260
Total Assessment
$1,874,750
  • Listing ID: 39180136

  • Date on Market: 1/22/2026

  • Last Updated:

  • Address: 5232-5236 44th St NW, Washington, DC 20015

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