Description
Prime Development Opportunity with Flexible Use In A High Growth Corridor.Unleash the Full Potential Prime Mixed Use Development Site on HighTraffic Georgia Ave NW. 3532 Georgia Avenue NW represents a rare opportunity to acquire an underdeveloped parcel in the high growth 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 clean slate redevelopment opportunity under favorable Neighborhood Mixed Use NMU zoning. The immediate potential lies in maximizing the permitted Floor Area Ratio FAR for a vertically integrated project featuring ground floor retail/restaurant space and multilevel residential units.The asking price of $1500000 is positioned for an experienced developer who can execute the highest and best use a modern multistory mixed use building that will capitalize on the neighborhood's accelerating residential demand and proximity to the Georgia Avenue Petworth Metro Station.
Description
Prime Development Opportunity with Flexible Use In A High Growth Corridor.Unleash the Full Potential Prime Mixed Use Development Site on HighTraffic Georgia Ave NW. 3532 Georgia Avenue NW represents a rare opportunity to acquire an underdeveloped parcel in the high growth 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 clean slate redevelopment opportunity under favorable Neighborhood Mixed Use NMU zoning. The immediate potential lies in maximizing the permitted Floor Area Ratio FAR for a vertically integrated project featuring ground floor retail/restaurant space and multilevel residential units.The asking price of $1500000 is positioned for an experienced developer who can execute the highest and best use a modern multistory mixed use building that will capitalize on the neighborhood's accelerating residential demand and proximity to the Georgia Avenue Petworth Metro Station.
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