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Vacant-User

Shaw Development Opportunity

601 Rhode Island Ave NW, Washington, DC 20001

Listing Price: Request For Offer

Gross SF
9,000
Rentable SF
9,000
Lot Size
0.13 acres
Year Built
2025

Investment Overview

Marcus & Millichap is pleased to exclusively represent the owner of 601 Rhode Island Avenue NW, Washington, DC 20001, in the Shaw subdivision. This property is situated on a .13-acre corner lot at Rhode Island Avenue and 6th Street. There is an existing 1,387 square foot auto body repair shop currently at the site.

This redevelopment opportunity allows an investor the ability to build three, two unit residential buildings on this RF-1 zoned parcel. A Developer could maximize their earning potential by splitting the parcel into three 18-foot wide lots.

Shaw’s rental rates are well above the District’s average, posting an average of $2,541 for one bedroom apartments and $3,529 for two bedroom units. There is over one billion dollars in development either planned or underway in Shaw. These projects include The City Market at O which will include 600 residential units, a 200-room hotel and 12,000 of retail space. Also under construction is The Columbia Place which will deliver 500 hotel rooms, 230 residential units, and 3,000 square feet of retail space in 2025.

Shaw is experiencing an urban renaissance of unprecedented proportions thanks to its proximity to the downtown central business district, excellent transportation access and lively cultural and entertainment venues. Residents enjoy the ever-increasing dining and retail commercial conveniences while local and national retailers are attracted to the growing residential base.

One of the nation's most acclaimed Historically Black Colleges and Universities, Howard University, sits on the edge of Shaw and it is bordered by some of the most popular restaurants in the area located on the U street corridor. Howard University (.08 miles away) is redeveloping their on-campus hospital and several of their mixed-use buildings throughout Shaw.

The Shaw neighborhood has two dedicated metro stations at “Shaw-Howard University” (.2 miles) and “U Street” (.7 miles). The Shaw neighborhood is also benefiting from other thriving communities such as LeDroit Park, Logan Circle and Eckington, which are all within walking distance from 601 Rhode Island Avenue NW.

Investment Highlights

  • Opportunity to build Three Bi-Level Units on the Corner of 6th Street and Rhode Island Avenue in the Thriving Shaw Submarket.
  • Potential to Six Units in a Thriving Condominium and Rental Market.
  • Located two Blocks from the Shaw-Howard University Metro Station and The Howard Theatre Which is Home to a Major Redevelopment Project.
  • Over One Billion Dollars in Development Planned or Underway in one of Washington D.C's Most Vibrant Neighborhoods.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    Senior Vice President/Division Manager

    (202) 536-3700

    License(s) DC: BR200201612

    District of Columbia

Financing By

Vacant-User

Shaw Development Opportunity

Listing Price: Request For Offer

Gross SF
9,000
Rentable SF
9,000
Lot Size
0.13 acres
Year Built
2025

Investment Highlights

  • Opportunity to build Three Bi-Level Units on the Corner of 6th Street and Rhode Island Avenue in the Thriving Shaw Submarket.
  • Potential to Six Units in a Thriving Condominium and Rental Market.
  • Located two Blocks from the Shaw-Howard University Metro Station and The Howard Theatre Which is Home to a Major Redevelopment Project.
  • Over One Billion Dollars in Development Planned or Underway in one of Washington D.C's Most Vibrant Neighborhoods.

Investment Overview

Marcus & Millichap is pleased to exclusively represent the owner of 601 Rhode Island Avenue NW, Washington, DC 20001, in the Shaw subdivision. This property is situated on a .13-acre corner lot at Rhode Island Avenue and 6th Street. There is an existing 1,387 square foot auto body repair shop currently at the site. This redevelopment opportunity allows an investor the ability to build three, two unit residential buildings on this RF-1 zoned parcel. A Developer could maximize their earning potential by splitting the parcel into three 18-foot wide lots. Shaw’s rental rates are well above the District’s average, posting an average of $2,541 for one bedroom apartments and $3,529 for two bedroom units. There is over one billion dollars in development either planned or underway in Shaw. These projects include The City Market at O which will include 600 residential units, a 200-room hotel and 12,000 of retail space. Also under construction is The Columbia Place which will deliver 500 hotel rooms, 230 residential units, and 3,000 square feet of retail space in 2025. Shaw is experiencing an urban renaissance of unprecedented proportions thanks to its proximity to the downtown central business district, excellent transportation access and lively cultural and entertainment venues. Residents enjoy the ever-increasing dining and retail commercial conveniences while local and national retailers are attracted to the growing residential base. One of the nation's most acclaimed Historically Black Colleges and Universities, Howard University, sits on the edge of Shaw and it is bordered by some of the most popular restaurants in the area located on the U street corridor. Howard University (.08 miles away) is redeveloping their on-campus hospital and several of their mixed-use buildings throughout Shaw. The Shaw neighborhood has two dedicated metro stations at “Shaw-Howard University” (.2 miles) and “U Street” (.7 miles). The Shaw neighborhood is also benefiting from other thriving communities such as LeDroit Park, Logan Circle and Eckington, which are all within walking distance from 601 Rhode Island Avenue NW.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    Senior Vice President/Division Manager

    (202) 536-3700

    License(s): DC: BR200201612

    District of Columbia

Financing By

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