1720 New York NE Ave Washington, DC 20002-1728
This exceptional 0.51-acre commercial and industrial land parcel presents a unique investment opportunity. Situated at the highly visible intersection of New York Avenue NE, Montana Avenue, and West Virginia Avenue, this property benefits from exceptional visibility and accessibility. The strategic location directly across from Douglas Development's substantial mixed-use New City DC project ensures significant future growth potential. The site's zoning, designated as PDR-2 and 4, allows for a diverse range of development possibilities, catering to commercial, industrial, retail, and office uses. The single-tenant nature of the land offers flexibility for developers seeking a clean slate for their vision. Given its size and prime location, this property is ideal for developers seeking to capitalize on the burgeoning growth in the area. The high traffic count at this intersection guarantees significant exposure for any future development. This is a rare opportunity to acquire a strategically located parcel in a rapidly developing neighborhood, offering substantial long-term value and potential for significant returns. The 0.51-acre lot provides ample space for a variety of development projects, making it an attractive proposition for both large and small-scale ventures. The existing infrastructure and proximity to established amenities further enhance the appeal of this exceptional property. Serious inquiries are encouraged.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
PDR-2,PDR-4 · Washington, DCWashington. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.