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Listed by George Giamas • Long & Foster Real Estate, Inc.
$ 890,000
Est. payment | /mo
3,600 Sqft Lot
$ 890,000
Est. payment | /mo
3,600 Sqft Lot
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID DCDC2223452
HOA Y/N N
Annual Tax Amount $92,299
Tax Year 2024
Lot Size 3,600 Sqft
Acres 0.08
Property Sub-Type Land
Source BRIGHT
Property Description
Rice Reduction for Prime Development Opportunity!!
An exceptional opportunity to acquire one of the very few remaining vacant lots in the heart of downtown Washington, DC's vibrant Mt. Vernon Square neighborhood.
1234 New Jersey Avenue NW offers matter-of-right development potential for two residential units (purchaser to verify zoning and development capabilities). Historically comprised of three separate lots improved with three row homes, the property is now consolidated into a single lot — presenting intriguing redevelopment possibilities in a highly desirable urban core location.
Investment Highlights
Matter-of-Right Development – Potential for two residential units (buyer to confirm zoning).
Rare Vacant Lot – One of the last remaining undeveloped parcels in this prime downtown neighborhood.
Central Location – Positioned in the dynamic Mt. Vernon Square corridor.
Transit-Oriented – Convenient access to multiple Metro stations and major commuter routes.
Walkable Urban Lifestyle – Steps from parks, acclaimed restaurants, retail, and neighborhood amenities.
Strong Residential Demand – Surrounded by established row homes, new condominium developments, and luxury apartments.
Premier Downtown Setting
Located in the heart of Mt. Vernon Square, the property benefits from immediate proximity to the Walter E. Washington Convention Center, CityCenterDC, and the Shaw corridor. The neighborhood continues to experience sustained residential growth, retail expansion, and long-term investment stability.
This is a rare opportunity for a developer or investor to secure a foothold in one of Washington, DC's most centrally located and supply-constrained neighborhoods.
An exceptional opportunity to acquire one of the very few remaining vacant lots in the heart of downtown Washington, DC's vibrant Mt. Vernon Square neighborhood.
1234 New Jersey Avenue NW offers matter-of-right development potential for two residential units (purchaser to verify zoning and development capabilities). Historically comprised of three separate lots improved with three row homes, the property is now consolidated into a single lot — presenting intriguing redevelopment possibilities in a highly desirable urban core location.
Investment Highlights
Matter-of-Right Development – Potential for two residential units (buyer to confirm zoning).
Rare Vacant Lot – One of the last remaining undeveloped parcels in this prime downtown neighborhood.
Central Location – Positioned in the dynamic Mt. Vernon Square corridor.
Transit-Oriented – Convenient access to multiple Metro stations and major commuter routes.
Walkable Urban Lifestyle – Steps from parks, acclaimed restaurants, retail, and neighborhood amenities.
Strong Residential Demand – Surrounded by established row homes, new condominium developments, and luxury apartments.
Premier Downtown Setting
Located in the heart of Mt. Vernon Square, the property benefits from immediate proximity to the Walter E. Washington Convention Center, CityCenterDC, and the Shaw corridor. The neighborhood continues to experience sustained residential growth, retail expansion, and long-term investment stability.
This is a rare opportunity for a developer or investor to secure a foothold in one of Washington, DC's most centrally located and supply-constrained neighborhoods.
Location
State DC
County Washington
Zoning RF-1
Exterior
Water Access N
Garage N
Building
Sewer Public Sewer
Water Public
Schools
School District District Of Columbia Public Schools
Others
Tax ID 0523//0871
Ownership Fee Simple
Special Listing Condition Standard
Nearby Locations
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