Investment Overview

Marcus & Millichap is pleased to exclusively represent the owners of Tuckerman Avenue NW, a .44-acre parking pad in the vibrant Brightwood neighborhood of NW Washington, DC. This newly paved parcel is zoned R-1B and has forty designated parking spaces exclusively for the tenants and customers for 6400 Georgia Avenue NW, a 20,680 mixed-use building adjacent to this parcel. This parcel provides a unique opportunity to own a large parcel to continue as courtesy parking for 6400 Georgia Avenue NW, which is currently being offered for sale by the same owners. There is also an opportunity to convert this lot into an income producing parking site which could generate approximately $20,160 in annual revenue. The R1-B zoning allows for continued use for parking or residential single-family development of up to three homes, as a matter of right or four single-family homes with a special exception. The Brightwood neighborhood is undergoing significant development, including the transformative 66-acre Parks at Walter Reed project, which will offer 3.1 million square feet of residential, retail, and office space. Nearby amenities include Walmart, Safeway, and the newly opened Art Place at Fort Totten, featuring cultural and entertainment options. Brightwood’s strategic location ensures excellent connectivity, with easy access to major transportation routes and metro stations such as Takoma Park, Georgia Avenue-Petworth, and Fort Totten, facilitating seamless travel throughout Washington, DC, and downtown Silver Spring, MD.