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About

1818 NEW YORK AVENUE NE, WASHINGTON, DC

Office & Retail Investment Opportunity with Redevelopment Potential​

ASKING PRICE: USD $23,000,000  |  CAP RATE: 7.0%+
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INVESTMENT OVERVIEW

1818 New York Avenue NE offers a rare opportunity to acquire a strategically located office and retail asset with immediate cash flow and significant redevelopment potential. Situated on approximately 3.137 acres, the property includes a well-maintained, two-story, 78,000 SF building with meaningful upside through repositioning, redevelopment, or future density expansion, subject to approvals.
 

PROPERTY FACTS
 

• Building Size: ±78,000 SF

• Land Area: ±3.137 Acres (136,675 SF)

• Year Built: 1937

• Renovated: 2005

• Zoning: PDR-2

• Parking: 180 Space

 

INVESTMENT HIGHLIGHTS
 

• Prime Washington, DC location

• Stable in-place cash flow

• Flexible PDR-2 zoning

• Rare urban redevelopment site

• Potential vertical expansion

• Long-term appreciation potential

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