Description
Prime Development Opportunity with Flexible Use In A HighGrowth Corridor.Unleash the Full Potential Prime MixedUse Development Site on HighTraffic Georgia Ave NW.3532 Georgia Avenue NW represents a rare opportunity to acquire an underdeveloped parcel in the highgrowth Park View/Columbia Heights corridor of Northwest D.C. Positioned along one of the city's most vibrant commercial arteries the property is offered as a cleanslate redevelopment opportunity under favorable Neighborhood MixedUse NMU zoning. The immediate potential lies in maximizing the permitted Floor Area Ratio FAR for a vertically integrated project featuring groundfloor retail/restaurant space and multilevel residential units.The asking price of $1900000 is positioned for an experienced developer who can execute the highest and best usea modern multistory mixeduse building that will capitalize on the neighborhood's accelerating residential demand and proximity to the Georgia AvenuePetworth Metro Station.
Description
Prime Development Opportunity with Flexible Use In A HighGrowth Corridor.Unleash the Full Potential Prime MixedUse Development Site on HighTraffic Georgia Ave NW.3532 Georgia Avenue NW represents a rare opportunity to acquire an underdeveloped parcel in the highgrowth Park View/Columbia Heights corridor of Northwest D.C. Positioned along one of the city's most vibrant commercial arteries the property is offered as a cleanslate redevelopment opportunity under favorable Neighborhood MixedUse NMU zoning. The immediate potential lies in maximizing the permitted Floor Area Ratio FAR for a vertically integrated project featuring groundfloor retail/restaurant space and multilevel residential units.The asking price of $1900000 is positioned for an experienced developer who can execute the highest and best usea modern multistory mixeduse building that will capitalize on the neighborhood's accelerating residential demand and proximity to the Georgia AvenuePetworth Metro Station.
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