2 Florida NE Ave Washington, DC 20002-3302
This exceptional 1,597 square foot freestanding retail building, located at 2 Florida Ave NE in Washington, DC, presents a unique investment opportunity. Currently fully vacant, this property offers a blank canvas for a variety of commercial uses, including restaurants, thanks to its existing restaurant build-out. Situated on a 9,640 square foot lot, the building benefits from ample surface parking, a significant advantage in a bustling urban environment. The property's strategic location at the corner of Florida Ave NE and North Capitol St boasts exceptional visibility and accessibility, with a combined daily traffic count of 62,800 vehicles. This high-traffic area is surrounded by a thriving neighborhood featuring numerous townhomes, apartment buildings, and diverse retail establishments, ensuring a robust customer base. The MU-4 zoning allows for a range of commercial uses, providing flexibility for potential tenants. This property is ideally positioned to capitalize on the continued growth and development of this vibrant Washington, DC neighborhood. The entire 1,597 square feet is available for lease. Don't miss this chance to secure a prime retail space in a rapidly expanding area of the District of Columbia. Zip code: 20002.
/DC, MU 4/DC, MU-5A/DC, MU-6B/DC, MU-8B/DC, MU-9B/DC, AND MU-10/DC 300 PURPOSE AND INTENT 301 PLANNED UNIT DEVELOPMENT 302 MISCELLANEOUS CHAPTER 4 CAPITOL INTEREST AND CAPITOL HILL COMMERCIAL MIXED-USE ZONES - MU-2/CAP, MU-4/CAP, MU-4/CHC, AND MU-4/CAP/CHC 400 PURPOSE AND INTENT 401 DENSITY 402 HEIGHT 403 PENTHOUSE AND ROOFTOP STRUCTURE 404 SPECIAL EXCEPTION…
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
MU-4 · Washington, DC/DC, MU 4/DC, MU-5A/DC, MU-6B/DC, MU-8B/DC, MU-9B/DC, AND MU-10/DC 300 PURPOSE AND INTENT 301 PLANNED UNIT DEVELOPMENT 302 MISCELLANEOUS CHAPTER 4 CAPITOL INTEREST AND CAPITOL HILL COMMERCIAL MIXED-USE ZONES - MU-2/CAP, MU-4/CAP, MU-4/CHC, AND MU-4/CAP/CHC 400 PURPOSE AND INTENT 401 DENSITY 402 HEIGHT 403 PENTHOUSE AND ROOFTOP STRUCTURE 404 SPECIAL EXCEPTION REVIEW CRITIERA CHAPTER 5 NAVAL OBSERVATORY MIXED-USE ZONE - MU-4/NO 500 PURPOSE AN
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.