A rare real estate opportunity has just arrived on the U Street Corridor’s east end: a Victorian townhome with the city’s highest zoning allowance, 2,600 square feet of space, dual entrances and a $1.295M price tag.
The property -- located at 913 Florida Avenue NW, on the same block as the new Whole Foods -- is versatile and visible, with street frontage on both Florida Avenue and 9th Street. Front and rear interior stairs allow the space to be divided easily and rented as co-working or live/work space, while the 9th Street access is perfect for drop-off and pickup business activities.
Because of the zoning allowances, the property has a variety of flexible uses: as a single office space; a co-working space; or a restaurant, bar or retail. It could also be converted back to a single-family residence or converted to condominiums.
The east end of the U Street Corridor is developing into one of the most dynamic and vibrant areas of DC. It has always been a music mecca and is home to the famed Lincoln and Howard Theaters, the 9:30 Club, and many smaller music and nightlife venues. Now with trendy and upscale retailers like Warby Parker, Bonobos and Violet Boutique; the Atlantic Plumbing Landmark Movie Theater and Bar; and new eateries like Haikan, Hazel, Kyirisan, and Declaration, it’s becoming an increasingly hot DC location.
With 1,600 new apartments delivered or under construction in the neighborhood, and with a new Whole Foods scheduled to open just a few doors down in 2020, pedestrian traffic for 913 Florida Avenue will skyrocket.
"We've been in this location for more than 13 years and have enjoyed seeing it grow,” says owner and real estate broker Gerard DiRuggiero, who runs one of his three locations for UrbanLand Company out of the property. “With all the residential units recently delivered or currently under construction, this area needs office and co-working space. I think the demand is only going to increase for office space like this. It's a great opportunity for a company to make its business an instant and permanent fixture in the U Street Corridor."
For more information about 913 Florida Avenue NW, please contact UrbanLand Broker Gerard DiRuggiero by email at firstname.lastname@example.org or by phone at 202-320-9976. Open for tours, Thursday, 11/29 from 4-7pm.
UrbanLand Company has operated its main real estate office at this location for 13 years – also find them at their new location in the H Street Corridor!
This article originally published at https://dc.urbanturf.com/articles/blog/now-selling-commercial-property-steps-from-the-future-florida-avenue-whole-/14712.
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