800 Barnaby St SE
Washington, DC 20032
800 Barnaby Street SE · Land For Sale · 0.17 AC

The Feldman Group of Marcus & Millichap is pleased to present the exclusive offering of 800 Barnaby Street SE and Atlantic Street SE. The Feldman Group of Marcus & Millichap is pleased to present the exclusive offering of 25,991 square feet of land situated at 800 Barnaby Street SE and at the intersection of Barnaby Street SE and Atlantic Street SE. This offering consists of three lots located in the Congress Heights neighborhood of Washington, D.C., within close proximity to numerous transportation options including both the Southern Avenue and Congress Heights Metro stations. The subject properties consist of three total lots. The two contiguous lots at the intersection of Barnaby Street SE and Atlantic Street SE are zoned R-2 and measures 18,713 square feet. The third, non-contiguous lot is zoned RA-1 and measures 7,278 square feet. While the subject properties are being offered unentitled, groundup construction provides certain benefits such as eliminating the expenses and delays associated with both the TOPA process and demolition/redevelopment of existing structures. Regarding the use of the properties, the RA-1 zoning requires BZA relief for any new multifamily development which historically has not been difficult to obtain. Additionally, the approval of nine or more multifamily units would require the inclusion of an affordable housing component. As it pertains to the R-2 zoning, one semidetached home can be built for every 3,000 square feet of land. As a point of reference, the District of Columbia owns the 60,168 square feet of land immediately to the west and north-west of this offering. The Congress Heights neighborhood, which is mostly residential, is made up of mostly small-to-medium sized apartment buildings, a small number of high-rise apartment complexes, as well as many single-family homes. Congress Heights offers investor/developers a uniquely high ratio of renters to owners providing substantial demand for new rental housing stock. This and the surrounding neighborhoods, all of which are still frequently described as “Anacostia” are experiencing strong rental demand and development interest from boutique and large developers alike. Major projects include but are not limited to: Saint Elizabeth’s Development; 11th Street Bridge Park; MLK Gateway; Barry Farm Redevelopment; and lastly, Congress Heights Metro Mixed-Use Development. Interest in Congress Heights, and East of the River in general, will continue to surge as investors seek out more favorable yields as compared to other neighborhoods that have received significant attention from the development community in recent years the Barry Farm Redevelopment; and lastly, Congress Heights Metro Mixed-Use Development. Interest in Congress Heights, and East of the River in general, will continue to surge as investors seek out more favorable yields as compared to other neighborhoods that have received significant attention from the development community in recent years.