233 Van Buren Street NW

Washington, D.C. 20012

Offering Memorandum

The Offering

Summary

  • List Price $1,950,000
  • Gross Building Area 11,956 SF
  • Lot Size 12,589 SF
  • Zoning PDR-1
  • Loading Docks 1
  • Drive-In Bays 3

Investment Summary

Feldman Ruel is pleased to offer for sale 233 Van Buren Street NW, a 12,589 SF parcel with an 11,956 warehouse/office. Situated on a corner and located 0.6 miles from the Takoma Metro station, the property is in shell condition, offering an investor or owner-user the opportunity to renovate to suit specific needs. Historically, the property served a multi-tenant office/industrial use, offering a new owner the option to occupy all or a portion of the building and lease the remainder. The PDR-1 zoned lot allows for a wide range of retail, office, self-storage, and light industrial uses and permits as much as a 3.5 FAR. 233 Van Buren Street NW represents an excellent opportunity for an owner-user to locate or expand their business in the rapidly developing Takoma neighborhood of Washington, D.C., given the various by-right uses and significantly underutilized FAR.

Investment Highlights

• Multi-Tenant Urban Warehouse Space | In-Demand Product Type

• Approved Plans & Permits to Restore Existing 11,000+ Square Foot Building

• By-Right Development Potential of 44,061 FAR Square Feet
• PDR-1 Zoning | Allows for Wide Range of Uses Including Retail, Office, & Self-Storage

• 0.6 Miles from the Takoma Metro Station Along the Red Line

Listing Agents

Ryan Smith

Ryan Smith

Associate Director
Direct: (202) 318-6808
Ian Ruel

Ian Ruel

Managing Principal
Direct: (202) 318-6844
Josh Feldman

Josh Feldman

Managing Principal
Direct: (202) 318-6833
Hannah McCann

Hannah McCann

Investment Associate
(240) 932-0009