2616 Georgia Ave NW Washington, DC 20001

Property Details for 2616 Georgia Ave NW

Lot size

0.02 lot acres

Zone code

RF-1

Property type

Parking lots & garages

APN

2884 0840

APU

28840840

Description

This exceptional mixed-use property, located at 2616 Georgia Ave NW in Washington, DC, presents a unique investment opportunity. The 1,810-square-foot building sits on a substantial 2,750-square-foot lot and is currently vacant, allowing for immediate customization. The property boasts a Class B designation and benefits from a flexible MU4/RF1 zoning, permitting residential, office, and retail uses. Its prime location directly across from Howard University's School of Business offers unparalleled visibility and access to a thriving student population. The property includes up to six parking spaces, a significant advantage in this urban setting. Given Howard University's ongoing development plans, including over 600 new residential units and 84,000 square feet of new retail space, as well as a proposed hospital redevelopment in 2027, this property is poised for significant appreciation. The asking price is $1,000,000, representing a price per square foot of $552.49. This asset is ideal for a developer seeking to capitalize on the area's growth or a downsizing office user looking for a strategic location. The property's two-story configuration and versatile zoning make it an attractive prospect for a variety of uses. This is a rare opportunity to acquire a mixed-use property in a rapidly developing area of Washington, DC.