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1020 Bladensburg Rd NE Offering Package 1020 Bladensburg Rd NE Offering Package Contacts: Gerard DiRuggiero, Broker Trish DiRuggiero, Manager/Agent (202) 320-9976 (301) 922-1668 [email protected] [email protected] 1020 Bladensburg Rd NE The Offering Rare opportunity to own versatile, 2,280 SF, MU-4 zoned commercial property in one of the most dynamic locations in DC. Increase the productivity and visibility of your business, while participating in the growth and upside of the next DC neighborhood on the rise. • Fully-renovated and owner-operated for the past 3 years as a real estate brokerage office; turnkey; immediate occupancy • Frontage on Bladensburg Rd NE, tree-lined median, tear-drop street lighting • Additional, rear access via 16’ wide alley with gated, roll-up garage door • Smack in the middle of a booming strip of commercial development 3 blocks north of H Street’s “Starburst” intersection and 1 mile south of the New York Avenue / US-50 corridor and the National Arboretum; 10+ new projects just completed / underway • Great access and visibility to customers, clients, colleagues, with drive-by traffic of 31,000 daily • Spacious and versatile with approximately 25’ x 90’ total usable space; 12‘ ceilings • Modern industrial renovation with exposed ductwork, exposed brick, new plumbing, new electrical, new HVAC, new roof, new flooring, new kitchen and BAs • Flexible workspace including 2 separate, spacious work areas for approximately 24 stations, 2 private offices, new, full-sized kitchen with top-end stainless steel appliances, 2 BAs (1 full, 1 half), utility / storage room, recessed and pendent lighting, wired for office network 1020 Bladensburg Rd NE The Offering Multiple options for use or further development include: • Single, professional / creative office • Shared or co-working space (with room for approximately 24 modern work spaces, 2 private offices, 2 entries, 2 bathrooms) • Ideal layout to divide into 2 separate spaces for different users (separate entrances, separate bathrooms), 1 with additional unique roll-up garage door access • Versatile commercial space (ex. office, contractor storage / access, showroom, studio) • Restaurant, bar, retail space • Event, exhibition space • Conversion to striking, loft single family residence or condominium conversion 1020 Bladensburg Rd NE Immediate Neighborhood The subject property is centered in a neighborhood on the rise • Situated on the busy, wide thoroughfare of Bladensburg Road NE between the starburst intersection of H Street and New York Avenue (31,000 daily traffic count) • $65M in city improvements to infrastructure already completed including median with trees, teardrop street lighting • Vastly under-utilized, large lots offer developers unique opportunities for development; 1,100+ units recently completed or underway (see below); more available • Anchored by 2 massive planned development sites at either end of the Bladensburg Rd corridor (Hechinger Mall and New City DC) • Booming surrounding neighborhoods – Trinidad, H Street Corridor, Kingman Park, NoMa, Union Market, Ivy City; as these markets mature and become more expensive for residents and businesses, interest is growing in the Bladensburg Rd corridor • Transit accessible - DC Streetcar, Metrobus, car/bike share accessible, 3 metro stations within 1.2 to 1.5 miles (New York Ave, Union Station, Stadium Armory) • Submarket increasing in population and income – large mixed-use projects attracting influx of young professionals to the area; 19% population increase projected for 2020 • National Arboretum offers expansive green space nearby (over 500,000 visitors/year) • This corridor has been dubbed the “Garden District” by H St Main Streets, referring to the proximity to the Arboretum and supportive of 1,800-3,500 new residential units 1020 Bladensburg Rd NE Immediate Neighborhood Substantial new development in this stretch of the Bladensburg Road corridor is underway, with more on the horizon • Hechinger Mall – 8 acre site at the “Starburst” intersection of H Street, Florida Ave, Bladensburg Rd, Benning Road, Maryland Ave, now under contract to MRP Realty and JM Zell; slated to be DC’s next major development with multiple buildings and up to 3,000 multifamily units, retail, office and potential a hotel • 1600 Maryland Ave NE – Phase I, 276 units completed and occupied, Phase II, 350 units under construction (Flats at Atlas Apartments) • 1701 H St NE – 180 units (Capital City) • 808 Bladensburg Rd NE – 179 units under construction (Delta) • 818 Bladensburg Rd NE – 32 units planned (Acumen) • 1028 Bladensburg Rd NE – 49 units under construction (57th St Mews) • 1040 Bladensburg Rd NE – 12 units under construction (RIL Investment) • 1124 Bladensburg Rd, NE – 62 units under construction (The Etta) • 1021-1027 Bladensburg Rd NE – 35 units planned (Brick Lane) • 1151 Bladensburg Rd NE – 18,321 SF of office and retail under construction (Douglas Development) • 1164 Bladensburg Rd NE– 65 units completed (Neighborhood Development Co.) • 1214-1216 Bladensburg Rd NE – 41 units planned (Urbanico Realty) • New City DC, 1923 New York Ave NE – 500,000+SF retail/office plus 2,380 residential units planned (Douglas Development) 1020 Bladensburg Rd NE H Street Corridor The property is well-located in the Trinidad neighborhood of Northeast DC, 3 blocks north of the booming H Street corridor the most dynamic and exciting stretch in NE DC. • Centered on its namesake street, and close by Capitol Hill, Union Station and Union Market, the H Street corridor is in the midst of an expansive renaissance as a thriving, commercial hub • Once a bustling city corridor, it fell victim to urban decay and the 1968 riots. A surge of attention and investment starting in the early 2000’s has spurred a period of tremendous development and renewal • Along this one-and-a-half mile stretch, sizeable lots have been transformed into numerous, large-scale, modern industrial apartments, condominiums, retail and business spaces; over 3,300 new units have delivered with 440 more expected in 2020 • The Streetcar returned in 2016 running from Union Station down H Street and Benning Road toward the riverfront • The area is a sought-after destination for its artsy vibe, quirky bars, live music, hip eateries, cultural attractions, fitness clubs, and independent shops, as well as its popular September street festival • A tremendous influx of new residents has scooped up the high-end condos, townhouses and apartments, with sale prices to match • This energy and focus is now stretching to nearby Bladensburg and Benning Roads as developers, community associations and the city work to create an expansive, livable sector 1020 Bladensburg Rd NE The Offering Address: 1020 Bladensburg Rd NE, Washington, DC 20002 Owner: UrbanLand Company, LLC Type: Commercial Building Tax Id: 4074//0827 Price: $1,295,000 Ownership: Fee Simple Lot Size: 2,280 SF Building SF: 2,280 SF Zoning: MU-4 moderate density mixed use, 50’ by-right zoning; non-historic Property Taxes: $9,993 Street Frontage: Bladensburg Rd NE Walk Score: 90 (walkers’ paradise) Bike Score: 73 (very bikeable) Transportation: Stadium Armory (Blue, Orange, Silver Lines) (1.2 miles); Union Station Metro (Red Line) (1.5 miles), New York Avenue Metro (Red Line) (1.5 miles) and H Street Trolley (0.2 miles); numerous bus lines (0.2 miles) Bike Share: 2 Capital Bikeshare Stations within 0.2 miles Major Thoroughfares: Easy Access to major thoroughfares – New York Avenue / US-50, I-295, H Street, Florida Avenue 1020 Bladensburg Rd NE The Offering Construction Year Built/Renovated: 1940 / 2017, 2020 Construction Type: Wood Frame Number of Floors: 1 Exterior Walls: Brick and Stone Roof: Flat Parking: Street Exterior Exits: 2 (1 on Bladensburg Rd, 1 on rear alley) plus gated, roll- up garage door off alley for loading / unloading Mechanical HVAC: 2 Systems Utilities: Electric, gas, public water / sewer Interior Detail Build out: Fully renovated and ready for immediate occupancy; cool, modern staging that can convey or be removed at buyer’s option; versatile space that can accommodate approximately 24 modern workspaces in 2 open office areas, 2 interior offices, full kitchen (with refrigerator, gas stove, dishwasher, built-in microwave, wood counters), wood flooring, 2 BAs, utility /storage Walls: Drywall and Exposed Brick Floor Coverings: Wood, Concrete and Tile Windows/ Doors: Commercial storefront windows; commercial doors; roll- up garage door in rear Rest Rooms: 2 (1 full, 1 half) Networking: FIOS 1020 Bladensburg Rd NE Photos 1020 Bladensburg Rd NE Photos 1020 Bladensburg Rd NE Photos 1020 Bladensburg Rd NE Photos 1020 Bladensburg Rd NE Photos 1020 Bladensburg Rd NE Sample Office Space Configurations 1020 Bladensburg Rd NE Sample Office Space Configurations 1020 Bladensburg Rd NE Area Map X Patricia DiRuggiero SP983660368 UrbanLand Company LLC X Urban Land Co, 913 Florida Ave NW Washington DC 20001 (202)299-9261 (202)299-9225 Patricia DiRuggiero 913 Florida Ave -.
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