5120 Georgia Ave Washington, DC 20011

This exceptional 1,588 square foot property at 5120 Georgia Ave NW, Washington, DC 20011, presents a unique redevelopment opportunity. Previously operating as a gas station, tire shop, and car wash, the site offers significant potential for investors seeking a high-return project. The property, zoned MU-4, is ideally suited for multifamily development, capitalizing on the area's strong demographics and growth projections. Located in the Uptown submarket, the site boasts excellent foot traffic and transit scores, enhanced by 20 free surface parking spaces and a loading dock. The existing building, constructed in 1947, is a masonry structure. Currently occupied by a single tenant under a lease, this fee-simple offering presents a stable investment with a 5.00% cap rate and an asking price of $2,900,000. The property sits within a 1-mile radius of a population of 45,278 residents. Note that multiple underground tanks are present on the site. This is a rare chance to acquire a prime piece of real estate in a thriving Washington, D.C. neighborhood. The property's strong fundamentals and redevelopment potential make it an attractive investment for discerning buyers.