Singularly well-located DC multi-family property for sale - excellent opportunity for a value-add project in a submarket emerging as a mid-priced rent with close access to downtown Washington DC. The building sits at the gateway to the National Arboretum, walking distance to H Street. Formerly a 4-story apartment building with elevator, the building was leased for the past 15 years as a private school, either use would be permitted, use as medical offices also possible. The building will be delivered vacant.
The Bladensburg / Langdon area has seen some of Washington DC's most profound change over the past 5 years, emerging from an industrial sector to a multi-family and retail neighborhood with innovative retailers locating along the suddenly vibrant corridor. WCSmith has transformed the immediate neighborhood into fully renovated apartment buildings with mixed income housing. The lot contains 8 parking spots, with extremely easy parking on-street parking surrounding the site.
Just blocks from Ivy City, the H Street retail corridor, and Bladensburg Road, this site is ideal for corporate or residential tenants, directly facing DC's largest expanse of green space. 5 blocks away, Phase 2 of the Flats at Atlas recently completed a large residential project, and across the street is the Hechinger Mall redevelopment project, which will add another large mixed use project to the neighborhood.
Washington DC Commercial real estate for sale
2229 M St., NE
Langdon / Bladensburg Rd.
2229 M Street, NE, Washington, DC 20002 | Apartment building for sale
Year Built: 1941
Zoning: RA-2 (1.8 FAR, 50 foot height)
Parcel: 4465 0039
Lot Size: 11,297
HVAC units: 10
Ceiling Heights: 8 ft.
City Grid Real Estate is a full service commercial real estate brokerage and property marketing firm, specializing in the sale and leasing of commercial real estate transactions in the District of Columbia, Maryland and Virginia.