$ 995,000
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$995,000
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About the Listing LNG338 - 84881
Just reduced!! 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.
Listing Highlights
Status
Active
Days on Site
185
Property Type
Vacant Land
MLS ®
DCDC2223452
Year Built
Total Square Footage
0
Lot/Acreage
0.08
County
Washington
School District
District Of Columbia Public Schools
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: N/A
- Zoning: RF-1
- Roof:
- Others:
- Sewer: Public Sewer
Financial Details
- Tax Amount: $92,299
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2024
Payment Calculator
Monthly Payment
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Questions About..
1234 New Jersey Ave NW Washington, DC 20001
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