3400 Mount Vernon Avenue

Description

Land / Redevelopment Opportunity – South GlebeOffered for sale is a prime redevelopment site located in the South Glebe submarket, an infill corridor featuring a mix of convenience retail, neighborhood-serving commercial, and lower-density multifamily uses. The area is transitional in nature and experiencing ongoing infill activity.The property is improved with an older structure of uncertain use and occupancy; however, the offering is best considered a land value site, with the existing improvements assumed to be a scrape.There is currently one upper level apartment, currently occupied, with 2 bedrooms and 1 full bath.The site is surrounded by a variety of uses, including a national fast-food operator immediately adjacent, older townhomes to the rear, a smaller surface-parked multifamily property to one side, and neighborhood retail across the street. This diverse context supports a wide range of potential redevelopment scenarios.Potential Uses (Subject to Zoning & Approvals):1. Retail pad or QSR development (sale or long-term ground lease)2. Small-scale infill multifamily with surface or structured parkingAssemblage opportunity with adjacent multifamily property for larger residential or mixed-use developmentThis offering provides investors and developers with multiple paths to value creation in a well-located, evolving submarket.