4840 Georgia Avenue NW
Washington, D.C. 20011
The Offering
Summary
- List Price $3,600,000
- Product Type Multifamily Development
- Number of Entitled Units 34
- Price Per Entitled Unit $105,882
- Lot Size 5,575 SF
- Zoning MU-4
- Proposed Levels 5 + Sublevel
- Proposed Gross Building Area 22,749 SF
- Proposed Rentable/Sellable Area 21,249 SF
Investment Summary
Feldman Ruel is pleased to present 4840 Georgia Avenue NW, a 34-unit multifamily development site conveying with all approved plans and permits upon closing, allowing a buyer to start construction immediately. The future project, situated at a signalized intersection with street or alley access on all four sides, will offer views in every direction.
Investment Highlights
• Multifamily Development Site Conveying with Approved Plans and Permits at Closing
• 22,749 Square Feet Across 5 Levels + Cellar
• Unit Mix of 9 Studios, 13 1BR, 8 2BR, and 4 3BR Units + 6 Rear Parking Spaces
• Located in 16th Street Heights | Highest Voucher Rents in Washington, D.C.
• Currently 710 Multifamily Units + 88K SF of Retail Proposed, Under Construction, or Recently Delivered within a One-Mile Radius
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