37 Florida Ave Washington, DC 20002
This well-maintained, three-story office building in Washington, DC's Truxton Circle neighborhood offers 1,950 square feet of rentable space. Built in 1905, the property sits on an 827 square foot lot and boasts flexible D-5 zoning, allowing for diverse uses including retail and multifamily development. Previously used as a law office, it's delivered vacant at closing, presenting an owner-user opportunity. Its convenient location is just 0.4 miles from Union Market and the NoMa-Gallaudet Metro Station (Red Line), and benefits from significant nearby multifamily development. The building's 1905 construction adds character, while the zoning potential unlocks significant future value. This is a unique opportunity to acquire a versatile property in a rapidly developing area of Washington, DC. The property includes one unit across three stories, and the address is 37 Florida Ave NE, Washington, DC 20002. The asking price is $999,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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