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$825,000
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Property Description
Discover a prime investment opportunity in the vibrant urban enclave of Ledroit Park. With its mixed use zoning conversion to apartments or split apartment/professional uses you have so many options. With a lot size of 0.03 acres, it offers a manageable footprint for various business ventures or redevelopment possibilities. Strategically located less than a mile from both bus and metro stations, this property guarantees excellent accessibility, attracting foot traffic and potential clientele. The urban setting is ripe for growth, making it an ideal choice for savvy investors looking to capitalize on the area's increasing demand. Parking is a breeze with on-street options and private, paved spaces available, enhancing convenience for both customers and employees. The fenced parking area adds an extra layer of security, making this property not just a purchase, but a smart investment in your financial future. Seize this chance to be part of a thriving community and watch your investment flourish!
Full Property Details
Full Property Details for 505 Florida Ave NW
General
- Price: $825,000
- Taxes: $7,276 (2025)
- Status: Active
- Type: Commercial
- Source: BrightMLSMidAtlantic
- MLS ID: DCDC2255256
- Updated: 4/11/2026
- Added to Site: 9 day(s) ago
Business
- Business Type: Other
Rooms
Bathrooms
- Restrooms: 2
Parking
- Total Spaces: 2
- Parking Features: Fenced, Paved Parking, Private
- Parking Type: On Street, Other
Location
- County: WASHINGTON
- Subdivision: LEDROIT PARK
- Driving Directions: gps
- Location Details: Urban
- City Limits: Yes
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Forced Air
- Heating Fuel: Electric
- Water Heater: Other
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick
- Basement: Yes
- Building Size: 2072
- Year Built: 1900
- Year Built Source: Estimated
Unit Information
- # Tenants: Multiple
- Other Units: Unit 1, Unit 1, Unit 1, Unit 1, Unit 1
Lot Features
- Lot Size (Acres): 0.03
- Lot Size (Sq. Ft.): 1,307
- Lot Size Source: Estimated
- Fence: Yes
- Zoning: MU-4
Financial Considerations
- Price Per Sq. Ft.: $398.17
- Assessment Year: 2025
- City/TownTax: $7,276
- City/TownTax Freq: Annually
- Tax w/Assessment: $864,930
- Tax Amount: $7,276
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
Listed by EXP Realty, LLC, Jane Ann Huelle
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Schools
Schools serving 505 Florida Ave NW
School District:District of Columbia Public Schools
| Name | Grades | Distance |
|---|---|---|
Cleveland Elementary School 1825 8th Street Northwest, Washington, DC 20001 | K-5 | 0.2 mi |
School Without Walls @ Francis-Stevens 800 Euclid Street Northwest, Washington, DC 20001 | K-8 | 0.7 mi |
Cardozo Education Campus 1200 Clifton Street Northwest, Washington, DC 20009 | 9-12 | 0.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 505 Florida Ave NW
Date
Details
Price
Change
Source
4/10/2026
Listed
$825,000
1733.33%
MLS
4/02/1998
Sold
$45,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 505 Florida Ave NW
505 Florida Avenue NW, Washington, DC 20001 (MLS# DCDC2255256) is a Commercial property. 505 Florida Avenue NW is currently listed for $825,000 and was received on April 10, 2026. Want to learn more about 505 Florida Avenue NW? Do you have questions about finding other Commercial real estate for sale in Washington? You can browse all Washington real estate or contact a Coldwell Banker agent to request more information.

