1819 23rd St & 2311 St

R Street Corridor

1819 23RD ST & 2311 S ST

Region: Midtown
Use: Land
Lot Size: .59 acres
Lease or Sale: Sale
Building Size: ±13,532 SF
Sale Price: $3,200,000

Turton Commercial is pleased to bring to market 1819 23rd Street and 2311 S Street representing a rare opportunity to acquire a covered land play in a coveted path of development area, inclusive of value-add retail and industrial space cashflow. The Property is located in a premier location with significant short-term upside value in the form of increased net operating income (“NOI”) while the buyer evaluates the highest and best development application for the Property.

The unique Property includes 13,532 SF of leasable space, in two adjacent buildings, on two parcels totaling 25,600 SF, on the northeast corner of 23rd and S Streets, and is being offered at a price of $3,200,000, which equates to $125 per SF on the land, or $236 per SF on the buildings.

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