2373 Rhode Island Ave NE - Churches FOR SALE
Washington, DC 20018 |
$2,800,000 USD
202-318-6800
2373 Rhode Island Ave NE
Washington, DC 20018
HIGHLIGHTS
- Conveys with Plans & Permits to Build 40 Multifamily Units
- Mix of Jr. 1BR, 1BR, 1BR+Den, 2BR, and 2BR+Den Units
- 27,794 Square Feet of Sellable Area Across 6 Levels
- Over $16M Projected Condominium Outsales According to Urban Pace
- Approximately 5,500 Multifamily Units Under Construction or Planned within a 1-Mile Radius
OVERVIEW
Feldman Ruel is pleased to exclusively offer for sale 2373 Rhode Island Avenue NE, a 40-unit multifamily development site located in the Woodridge neighborhood of Washington, D.C. At closing, the site will convey with a full set of DOB-approved plans and all permits required to break ground immediately after closing.
FOR SALE DETAILS
PRICE
$2,800,000 USD
PRICE/SF
$441 USD /SF
CAP RATE
Request Cap Rate
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Shovel Ready Development Site Fully Permitted
PROPERTY TYPE
Specialty
PROPERTY SUBTYPE
Churches
TOTAL BUILDING SIZE
-
STORIES
3
BUILDING CLASS
C
YEAR BUILT
1986
SPRINKLERS
-
PARKING SPACES
15
LAND DETAILS
LAND ACRES
0.13 AC
LAND SF
5,663 SF
ZONING
MU-4
APN/PARCEL ID
4249-0017
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202-318-6800
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202-318-6800
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