1109 Congress
Washington, District of Columbia
Building
Stats
- Property Type Land - Multifamily
- Size (Ac) 0.23
- Price $8,000,000
Overview
Avison Young’s Capital Markets Group is pleased to offer the opportunity to acquire 1109 Congress Street NE (“Site”), a 10,040 square foot lot, fully entitled to build a 62-unit residential building located in the NoMa submarket of Washington, DC. The site’s location provides easy access to countless restaurants and retail amenities throughout the H Street Corridor and Union Market areas, as well as excellent access to public transit stemming primarily from Union Station and the NoMa-Gallaudet University Metro Station, only a five minute walk away.
The fully designed and permitted residential development totals 45,836 SF of residential space averaging 739 SF per unit, with 3,825 SF of ground level retail space. A central location, strong residential market conditions, and a growing local labor force in the NoMa neighborhood should translate to a wealth of potential condo buyers or apartment renters.