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Simone Velvel

simone@thevelvelgroup.com +1(703) 507-7614

Listed by George Giamas • Long & Foster Real Estate, Inc.

$890,000

Est. payment - /mo

3,600 Sqft Lot

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UPDATED:

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.

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

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Nearby Locations

"Simone's passion for real estate and her love for "The DMV" are a perfect match. She has made it her mission to help local residents sell their homes quickly and at the best possible prices. Equally, she takes immense pride in assisting homebuyers in finding their perfect piece of paradise in DC, Maryland and Virginia. "

+1(703) 507-7614

simone@thevelvelgroup.com

11003 Glueck Lane, Kensington, Maryland 20895, USA

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1234 NEW JERSEY AVE NW Washington, DC 20001