3400 Connecticut Avenue NW

Washington, D.C. 20008

RESIDENTIAL / RETAIL / LAND DEVELOPMENT

Off Market Development

• Residential: The Macklin

• Retail Development: Cleveland Park

• Retail, Apartment + Future Development

• Strong Long-Term Income

• Tremendous Value-Add Residential Development

Alpha Royale Commercial Group is please to present "The Macklin" a value-add mixed-use development project situated in dynamic Cleveland Park, A proven amenity, rich, urban infill setting, in affluent northwest Washington, D.C.  Originally constructed in 1939, The Macklin has been renovated in 2010 and 2014. Currently the 17 unit residential apartment with ground level retail brings 100% occupancy and stable income. Blending core location with instant upside of new development potential, The Macklin represents an extraordinary investment opportunity.

OVERVIEW

INFORMATION

• Gross Building Area: 22,825 Sq Ft

• Retail Size: 6,211 Sq Ft

• Typical Floor: 4,017 Sq Ft

• Number of Units: 17

• Stories: 5

• Parking: 13 Surface

 

• Zoning: NC-3

• Floor Area Ratio: 2.0

• Floor Area Ratio: 1.0 (non-residential)

• Height: 40 ft

• Lot Occupancy: 60% (residential)

• Lot Occupancy: 100% (non-residential)

LOCATION

HIGHLIGHTS

Cleveland Park is located in the heart of Washington, D.C.  and within walking distance there are retail shops, restaurants, and the metro. Cleveland Park is a mix of high-income families and professional singles. As one-of-a-kind Urban Oasis, people around the region are attracted for its historic movie house, a visit tot he National Zoo or dinner in one of several unique dining establishments. It is also ease of access to D.C.'s largest job centers, paired with strong job growth in the region over the past years, supports for long-term demand and makes this one of the steadiers submarkets in the region.

DEMOGRAPHICS

• Population:                               50,000+ new residents since 2010 Census

• Population Growth:                 2.15% (~1,150 Per Month - 2nd Highest in the U.S.) 

• Median Household Income:   $123,023

NOTABLE AREAS

• National Zoo                                            • Dupont Circle

• Uptown Theater                                      • Adam Morgan

• Cleveland Park Library                            • Washington International School

• Howard University School of Law

3400 Connecticut Avenue NW

Washington, D.C. 20008

• Off Market Development

• Retail/Apartment + Future Development

• Strong Long-Term Income

Tremendous Value-Add Res. Development

Desirable Location - NW Washington D.C.

© 2020 Alpha Royale Commercial Group, Inc. All Rights Reserved.

211 N Union Street

Suite 100

Alexandria, VA 22314

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