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Mixed-Use

Deanwood Mix-Use Development Opportunity

5110 Nannie Helen Burroughs Ave NE, Washington, DC 20019

Listing Price: Request For Offer

Lot Size
1.65 acres
Land Type
Redevelopment
Buildable Square Feet
330,000

Investment Overview

Marcus & Millichap is pleased to exclusively represent the owner of 5110 & 5120 Nannie Helen Burroughs NE, Washington DC 20019. Situated on two combined mix-use zoned parcels totaling 1.65 acres in the thriving Deanwood neighborhood. There is an existing 18,633 square feet church building and a 1,100 square feet former retail store currently on these sites. This Deanwood mix-use redevelopment site provides an Investor the opportunity to convert two MU-3A zoned parcels to MU-5A zoned parcels which allows up to 356 multi-family units and 24,000 square feet of retail space on the first level. The Board of Zoning Adjustment has recently granted identical zoning approvals and 100% relief from all parking requirements on recently built multifamily sites near this subject property. A change in zoning will allow a Developer to effectively maximize the density at this site. Nearby development includes 86 residential units at the Strand Theater delivered in 2021, which also includes the transformation of the historic theater into the Deanwood Smokehouse (restaurant, music, venue, bar, and community space). Other nearby and recent developments include 93 units at the Providence Place, and 150 units at the Residences of Hayes, adjacent to this parcel. Deanwood is experiencing an urban renaissance with its commercial development, proximity to the downtown core, excellent public transportation access as well as new retail development. This corridor is also supported by the "Great Streets Initiative", a grant program that provides up to $50,000 to small businesses.

Investment Highlights

  • Redevelopment Opportunity to Build 330,000 SF up to 356 units and 24,000 SF of Retail
  • Zoned MU-3A but can be changed to MU-5A
  • Total Combined Lot Size of 71,891 SF on Two Adjacent Parcels
  • Located in an Opportunity Zone
  • One Mile Away From the Deanwood Metro

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s) DC: BR200201612

    District of Columbia

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

Mixed-Use

Deanwood Mix-Use Development Opportunity

Listing Price: Request For Offer

Lot Size
1.65 acres
Land Type
Redevelopment
Buildable Square Feet
330,000

Investment Highlights

  • Redevelopment Opportunity to Build 330,000 SF up to 356 units and 24,000 SF of Retail
  • Zoned MU-3A but can be changed to MU-5A
  • Total Combined Lot Size of 71,891 SF on Two Adjacent Parcels
  • Located in an Opportunity Zone
  • One Mile Away From the Deanwood Metro

Investment Overview

Marcus & Millichap is pleased to exclusively represent the owner of 5110 & 5120 Nannie Helen Burroughs NE, Washington DC 20019. Situated on two combined mix-use zoned parcels totaling 1.65 acres in the thriving Deanwood neighborhood. There is an existing 18,633 square feet church building and a 1,100 square feet former retail store currently on these sites. This Deanwood mix-use redevelopment site provides an Investor the opportunity to convert two MU-3A zoned parcels to MU-5A zoned parcels which allows up to 356 multi-family units and 24,000 square feet of retail space on the first level. The Board of Zoning Adjustment has recently granted identical zoning approvals and 100% relief from all parking requirements on recently built multifamily sites near this subject property. A change in zoning will allow a Developer to effectively maximize the density at this site. Nearby development includes 86 residential units at the Strand Theater delivered in 2021, which also includes the transformation of the historic theater into the Deanwood Smokehouse (restaurant, music, venue, bar, and community space). Other nearby and recent developments include 93 units at the Providence Place, and 150 units at the Residences of Hayes, adjacent to this parcel. Deanwood is experiencing an urban renaissance with its commercial development, proximity to the downtown core, excellent public transportation access as well as new retail development. This corridor is also supported by the "Great Streets Initiative", a grant program that provides up to $50,000 to small businesses.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President/ Division Manager

    (202) 536-3700

    License(s): DC: BR200201612

    District of Columbia

Financing By

  • Jared Cassidy

    First Vice President Capital Markets

    Direct:

    Email Jared

    Washington, D.C., MD

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