5720 Georgia Ave Washington, DC 20011
- Retail space
- 14,742 SF
- 0.52 lot acres
Current Use by Public Records
- Retail space
Property Details for 5720 Georgia Ave
- Year built
- 1935
- Construction
- BRICK
- Lot size
- 0.52 lot acres
- Property size
- 14,742 SF
- Zone code
- MU-7B
- Property type
- Retail space
- APN
- 2935 0069
- APU
- 29350069
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Washington
- County
- District Of Columbia
- State
- DC
- Longitude
- -77.0287
- Latitude
- 38.9592
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
