0.65 Acres of Improved Commercial Land for Sale in Washington, District of Columbia

3024 Bladensburg Rd NE, Washington, DC 20018

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$2,800,000
0.65 acres
pending sale under contract

28,191 SF REDEVELOPMENT SITE - Prime Development Site with potential for 56,000 sf to 117,600 sf (with re-zoning). Currently being used as parking lot, the site is prime for several potential uses including: public storage, parking, multi family housing, affordable housing, senior affordable housing , retail and medical offices.

Bladensburg Road is ripe for development as property values in neighboring areas rise and developers/businesses seek new locations. As project in Ivy City and H Street continue to take shape, lower income individuals and families find themselves moving east, leading to a higher demand for affordable housing there and increasing pressure for higher density development. Douglas Development's New City development is looking to bring 352,909 square feet of entertainment, hotel, residential and retail space a six-minute drive down Bladensburg Road NE, showing DC's general eastward redevelopment pattern.

As per the architecture firm Torti Gallas, which was engaged to provide the owner a massing study in September 2020, there is 56,000 sf FAR of as-of-right development potential, and up to 117,600 sf (4.2 FAR) once re-zoned to MU-5 (as projected by the DC Future Land Use Map which shows future uses to be a mix of Medium Density Residential and Moderate Density Commercial).

The site is a 20-minute drive to Union Station (via Ivy City, NoMa and Union Market) and is short drive to the National Arboretum, the Shops at Dakota Crossing and the Maryland/DC line. Located on Bladensburg Road NE, the site is on the B2 and H6 bus lines, providing access to Downtown DC and other major destinations. Several carry-out restaurants, service retailers and shops are located on Bladensburg Rd. A Good Food Grocery store is also located less than a mile away, and a MOM's Organic Market and Giant Foods are also within reach.

Parcels

  • 4335 0079

This 0.65 acre property is located at 3024 Bladensburg Rd NE in Washington, DC 20018 with latitude 38.92837 and longitude -76.96172. It's currently pending sale with a price of $2,800,000. Property details are sourced from TRENDPA MLS # DCDC2055684.

Copyright (C) 2022 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Parcel data provided by Regrid. Verify all property details and view the listing source.

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Nick Dunstan
Coldwell Banker Residential Brokerage
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