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    5720 Georgia Ave Washington, DC 20011

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    For Sale
    Contact for pricing

    Prime DC Mixed-Use Opportunity

    Property size:
    14,742 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 22,313-square-foot development site, located at 5720 Georgia Avenue NW in Washington, D.C.'s 16th Street Heights neighborhood, presents a compelling investment opportunity. The property boasts a permitted MU-7 zoning, allowing for a 4.8 Floor Area Ratio (FAR) with an Inclusionary Zoning (IZ) bonus. With a total square footage of 14,742, this mixed-use, multifamily site offers significant potential for a high-density development. The site's strategic location provides convenient access to major transportation hubs, including the Georgia Ave-Petworth and Takoma Metro stations (within 1.5 miles), and the Parks at Walter Reed (within 1 mile). Furthermore, the high voucher rents prevalent in 16th Street Heights contribute to the property's strong financial prospects. The property's parcel number is PAR-00870515. This is a rare chance to acquire a sizeable development site in a thriving Washington, D.C. neighborhood with excellent potential for substantial returns. The site's zoning and location combine to create a unique opportunity for developers seeking a high-impact project.

    Property Features for 5720 Georgia Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    14,742 SF

    HighLights

    • Large development site.
    • High voucher rents, among D.C.'s highest.
    • One mile from Walter Reed Parks.
    • 1.5 miles from Georgia Ave‑Petworth and Takoma Metro stations.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Washington
    County
    District Of Columbia
    State
    District of Columbia
    Longitude
    -77.0286497
    Latitude
    38.9592771

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    FAQs

    What type of property is this?
    Multifamily property - Prime DC Mixed-Use Opportunity
    Where is this multifamily property located?
    The property is located at 5720 Georgia Ave Washington, DC.
    What are key features of this property?
    This property features: Large development site.; High voucher rents, among D.C.'s highest.; One mile from Walter Reed Parks.
    Request Owner's contact information
    5720 Georgia Ave Washington, DC 20011
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5720 Georgia Ave Washington, DC 20011
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