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Ledroit Park Mixed-Use Investment
For Sale
$825,000

505 Florida Ave Nw, Washington, DC 20002

Mixed-use property in Ledroit Park, convenient access to transportation.

Property SizeContact for details
Lot Size0.03 Acres
Days on Market137

Property Features for 505 Florida Ave Nw

General Information

Standard status Active
Lot size 0.03 Acres

Taxes and HOA fees

Annual Taxes $7,276
Listing Agency: EXP Realty, LLC
Listed By: Jane Ann Huelle
Source: Exprealty
Added: Apr 10 Changed: Aug 23 Last Checked: Aug 22 at 7:40AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty, LLC

Investment Insights

Based on property information with market context.

Located in Ledroit Park, this mixed-use property presents an investment opportunity. The property, zoned for mixed-use, offers options for conversion to apartments or split apartment/professional uses. The lot size is 0.03 acres. Situated less than a mile from bus and metro stations, the location provides accessibility. On-street parking is available, along with private, paved parking spaces. A fenced parking area provides security. The location has a bike score of 89, indicating it is very bikeable, a walk score of 89, indicating it is very walkable, and a transit score of 74, indicating excellent transit.

Key Highlights

  • Mixed‑use zoning allows conversion to apartments or split apartment/professional uses.
  • Excellent accessibility with bus and metro stations less than a mile away.
  • High walk score (89) and bike score (89).

Property Analytics

Current Use

Mixed-use properties

Suggested Use

Top Pick Dental Office Spa & Massage Center Auto Parts Store Furniture & Home Goods Nursing Home Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,778
Businesses Nearby

Demographics for 20002, DC

69,422
Population
38,459
Households
1.8
Avg Household Size
33
Median Age
70%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
13,612
Density / Sq Mi
$114,482
Median Household Income
$82,909
Median Earnings
$2,140
Median Rent
$813,700
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Mixed-use property in Ledroit Park, convenient access to transportation.
Where is this mixed-use property located?
The property is located at 505 Florida Ave Nw Washington, DC.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Mixed‑use zoning allows conversion to apartments or split apartment/professional uses.; Excellent accessibility with bus and metro stations less than a mile away.; High walk score (89) and bike score (89).
More about this property
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