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2900-2906 Minnesota Ave SE 4,436 sq ft 100% Let Retail Property Washington, DC 20019 £2,740,901 (£617.88/sq ft)
INVESTMENT HIGHLIGHTS
- Immediate access to I-295, Proximate to Pennsylvania Avenue SE & 1.8 mile from Minnesota Avenue Metro Station
- Zoned MU-3A tons of potential - may have future up zoning to MU-4
EXECUTIVE SUMMARY
Fortune Realty is pleased to exclusively present 2900-2924 Minnesota Avenue SE, on a 0.45 Acre Lot 9,200 SF occupying an entire city block. 2 contiguous building across 2 legal lots, 222 feet of street frontage, plenty of parking at the alley behind & side of building area. Nine (9) multi-tenant, a new owner has the flexibility to collect income from the leased portions while simultaneously occupying the remaining space to create additional upside. Located in HUB and Opportunity Zones, MU-3A Zoning allows for retail, medical and childcare. 2900 Minnesota Avenue SE may have future up zoning potential from its current MU-3A zoning designation (1.0 FAR + IZ / Affordable housing) to an MU-4 zoning designation (2.5 FAR + IZ / Affordable housing) through the map amendment or PUD process.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment or Owner Occupier
Property Type
Retail
Property Subtype
Standalone
Property Size
4,436 sq ft
Costar Property Class
C
Year Built
1948
Price
£2,740,901
Price per sq ft
£617.88
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
1
Plot ratio
0.46
Total Plot Size
0.22 ac
Opportunity Zone
Yes
Use Class
MU-3 - MU-3A Intended to permit low-density mixed-use development; and provide convenient retail and personal service establishments for local neighborhood.
Parking
15 Spaces (3.38 Spaces per 1,000 sq ft Leased)
Frontage
74 ft on Minnesota Ave
AMENITIES
- Signage
- Signalised Intersection
Walk Score®
Easily Walkable (71)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 5505-0035 | Improvements Assessment | £348,214 |
| Land Assessment | £287,683 | Total Assessment | £635,896 |
PROPERTY TAXES
Parcel Number
5505-0035
Land Assessment
£287,683
Improvements Assessment
£348,214
Total Assessment
£635,896
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2900-2906 Minnesota Ave SE
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