1201 Mount Olivet Road NE
Washington, D.C. 20002
The Offering
Summary
- List Price $1,999,000
- Gross Building Area 3,000 SF
- Occupancy at Closing 0%
- Zoning MU-4
- Total Street Frontage 222.4 FT
- Lot Size 12,723 SF
Investment Summary
Feldman Ruel is pleased to offer for sale 1201 Mount Olivet Road NE, which offers a rare owner-user or redevelopment opportunity. The 3,000-SF commercial building sits on a 12,723-square-foot, MU-4-zoned, corner lot at the highly trafficked intersection of Mount Olivet Road NE and Montello Avenue NE. The property can be delivered vacant at closing, providing immediate occupancy for an owner-user, while the MU-4 zoning allows for up to 43,258 square feet of density with inclusionary zoning and penthouse bonuses. Located in a HUBZone, the subject property also offers preferential access to federal procurement opportunities, enhancing its long-term value.
Investment Highlights
• Ideal for Owner-User | Can Be Delivered 100% Vacant at Closing
• 3,000-SF Commercial Building on a 12,723-SF Lot with 9 Striped Parking Spaces
• Situated on a Hard Corner with More than 222 Feet of Combined Street Frontage
• Significant Development Potential | Maximum of 43,258 Above-Grade FAR SF
• Located in a Historically Underutilized Business Zone (HUBZone)
• 1,710+ Multifamily Units and 28,000+ SF of Retail Proposed or Under Construction within a 1-Miles Radius.
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