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7115 Georgia Ave NW 0.05 Acres of Commercial Land Offered at $950,000 in Washington, DC 20012
Investment Highlights
- Shovel-Ready Development | Mitigates Entitlement Risks & Carrying Costs
- Located in an Opportunity Zone | Tax Benefits for Ground-Up Development
- Directly Across the Street from Washington, D.C.’s Largest Master-Planned Community
- Strong Condominium Market | Recent Outsales Well Above $800 per Square Foot
- Surrounded by National Credit Tenants & Proximate to the Takoma Metro Station
Executive Summary
Feldman Ruel is pleased to offer for sale 7115 Georgia Avenue NW, a five-unit multifamily development site located directly across Georgia Avenue NW from The Parks at Historic Walter Reed, Washington, D.C.’s largest master-planned community, which features a diverse mix of retail amenities.
Property Facts
| Price | $950,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.05 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | RA-2 | ||
| Price | $950,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.05 AC |
| Opportunity Zone |
Yes |
| Zoning | RA-2 |
1 Lot Available
Lot
| Price | $950,000 | Lot Size | 0.05 AC |
| Price Per AC | $19,621,612.69 |
| Price | $950,000 |
| Price Per AC | $19,621,612.69 |
| Lot Size | 0.05 AC |
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Moderately walkable
70/100
Fairly drivable
50/100
Strong public transit
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 2965-0009 | Improvements Assessment | $216,370 |
| Land Assessment | $334,110 | Total Assessment | $550,480 |
Property Taxes
Parcel Number
2965-0009
Land Assessment
$334,110
Improvements Assessment
$216,370
Total Assessment
$550,480
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Contact the Sale Advisor
7115 Georgia Ave NW