2023-2025 Benning RdWashington, DC 20002

Property Details for 2023-2025 Benning Rd

Property type

Residential income properties

Property subtype

Other land

Description

This exceptional 5,665 square foot parcel located at 2023-2025 Benning Rd NE, Washington, DC 20002 presents a remarkable multifamily development opportunity. Zoned MU-5A(IZ+), this property allows for a 4.2 Floor Area Ratio (FAR), a 70-foot building height, and 80% lot occupancy, providing significant potential for a substantial project. The site's strategic location offers unparalleled convenience, situated less than a mile from the Stadium-Armory Metro station and directly adjacent to the DC Streetcar, providing easy access to Union Station and Minnesota Avenue Metro stations. Furthermore, the property is only 0.3 miles from Hechinger Mall, home to a variety of retail options including Safeway, Starbucks, and Subway, ensuring residents have access to everyday amenities. The vibrant H Street Corridor, with its diverse culinary and retail offerings, is also easily accessible. The asking price is $2,495,000, translating to a land value of $485.43 per square foot. A recent appraisal is available upon request. This is a truly unique opportunity to develop a high-impact multifamily project in a rapidly growing and desirable area of Washington, D.C. The property's zoning and location combine to create a compelling investment prospect with significant long-term potential.

Location Insight

City

Washington

County

District Of Columbia

State

DC

Latitude

38.8983

Longitude

-76.9747

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