Rare Redevelopment Opportunity Available

3445 Benning Rd NE Washington, DC 20019

3445 Benning Rd NE, Washington, DC, 20019
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FOR SALE
Property Type:
Multifamily Land
Amount:
Please Call Broker for Price

Last Verified:
Aug 15, 2024

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Description

ONE Street Commercial Properties presents: 3445 Benning Rd NE - Unlock Development Potential!

Maximize a 3 FAR at this strategically located property for a total of 51,000 sq ft. Seamlessly blend ground-level retail with chic residential units, creating a Mixed-Use building that caters to diverse lifestyles. Add a Penthouse level for stunning city views, enhancing your project's luxury appeal. Navigate zoning regulations with confidence, maintaining a 3 FAR balance between residential and commercial spaces. Leverage setback regulations for green spaces, fostering community well-being. This visionary investment opportunity in Benning Ridge invites you to redefine urban living.

In addition, the property in question will convey with a fully operational liquor store in place that can continue post redevelopment on the retail level.

Contact us to discuss the next steps.

Welcome to 3445 Benning Rd NE, an exceptional real estate redevelopment opportunity nestled in the vibrant heart of Washington, D.C. This prime location offers a unique blend of urban convenience and community charm, making it an ideal canvas for a visionary real estate project.


Year Built: 1938
Building Size: 5024sq ft
Lot Size: 0.39 acres

Map of 3445 Benning Rd NE, Washington, DC, 20019

Presented by:
ONE Street Commercial Properties

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Kevin Brandes


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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.