2634â2636 shirlington road
Washington, DC
Urban-Infill Land Opportunity in Washington D.C. Region
FOR SALE
2634–2636 SHIRLINGTON ROAD Arlington, Virginia
Pentagon
Arlington
Crystal City
SITE
Reagan International Airport
Alexandria
INGTON RD
N TO
S H I RL
Shirlington Village
SHIRLING
D ROA
395
Potomac Yard
2634–2636 SHIRLINGTON ROAD Arlington, Virginia
Executive Summary
Highlights
2634-2636 Shirlington Road (the Site) lies three blocks east of the area renowned Shirlington Village, the popular restaurant and entertainment destination in southern Arlington. Shirlington Village includes some of the area’s most popular restaurants including the Carlyle Grand Café and Capitol Brewery. And because of the tremendous success of the Village, new residents are flocking to the area. Many of the area’s one-bedroom monthly rents have now reached over $2,000 while new townhouses sell for as much as $800,000.
• 40,000 SF site
Demand for additional places to buy wares or locate their office is being generated and developers are now looking to leverage the area’s popularity by building a new development enclave at and nearby Nuack Village. A County approved Nuack Village Center Action Plan outlines the vision for revitalizing this neighborhood and includes the creation of a revitalized Town Square to serve as public space for community gatherings and events.
• Submarket undergoing significant redevelopment 3 blocks from Shirlington Village with Harris Teeter grocer, a movie theater, and 24 restaurants.
The site is zoned for retail and/or commercial or a hotel and could present a wonderful mixed-use project for an astute developer. Alternatively, the site could easily meet the needs of those retailers or owner operators looking to get into this vibrant market with fast rising incomes. Don’t get left behind.
• 60,000 SF Development potential by-right • C-2 Zoning • All utilities available • Situated in mixed-use community including; retail, townhomes, multifamily, office, industrial, and hotels.
• Rising topography creates unique vista opportunities • Nearby Arlington transit station with direct shuttle to Pentagon Metro Station • Easy access to I-395 • 4 miles to DC. 4.5 miles to Old Town Alexandria • Abuts the new Nuack Village Center Action Plan and the Special Revitalization District boundary which envisions a neighborhood town center.
2634 — 2636 SHIRLINGTON ROAD
Four Mile Park Shirlington Village
395
2634–2636 SHIRLINGTON ROAD Arlington, Virginia
Single Level Retail - parking in rear garage
2 Levels Commercial - parking in rear garage
SCHEME 4 HOTEL - SECTION
3 Level Hotel - parking in rear garage
HEME 3 OFFICE - SECTION
5 Level Hotel - parking in rear garage
SCHEME 1 OFFICE - SECTION
4 Level Office - parking in rear garage
2 Level Office - parking below
2634-2636 SHIRLINGTON ROAD
Architecture concept layouts done by the Eisen Group and is available upon request Max Floor Area Ratio: Max Lot Coverage: Max Building Height:
1.5 FAR = 59,796 GSF 90% 45’ (from average officially approved grade of the site) 0
15’
30’
June 1, 2015
Min Front Yard Setback: Yard Setback:
40’ from center line of the road 2634-2636 SHIRLINGTON ROAD 0’ if no walls in the sides/rear contains openings or windows if not, 8’ for the first 10’ of building height, plus 2 additional feet for each 10 additional feet of building height, or fraction thereof.
Permitted Uses: (typical examples)
One-Family Detached House Trade or Commercial School Governmental Facility, Religious Institution Catering establishment, small Scale, Restaurant General and Limited. Movie theater Financial Services Office, Mental or dental clinic, business and professional office Hotel or Motel Bakery, drug store, florist, grocery store, meat and fish market Animal care facility, Athletic Club, Dance Studio, Laundromat Printing, photocopy, quick sign service, Sign making, Plumbing or sheet metal shop Private Postal Service, Tailor, Pawnshop Medical, Dental Laboratory
Parking Requirement:
Office Retail Hotel Furniture or Appliances Store
4-2636 SHIRLINGTON ROAD Min Side/Rear
4 spaces per 1000 GSF 4 spaces per each alley 1 space per guest room 2.5 spaces per 1000 GSF
0
2634–2636 SHIRLINGTON ROAD Arlington, Virginia
Market Overview
Ellicott City 3 Mile 1 Mile
Radius
The Shirlington (Northern Virginia) market lies within the I-395 Corridor market which connects Virginia over the Potomac River to the District of Columbia. With a population of 206,000, the I-395 market area spans approximately 22 square miles and serves as a major business and commerce hub. The area has a well-integrated Germantown transportation network including close proximity to three major airports, major interstates, and several Metro transit stations connecting residents and employees throughout the Washington metro area. Like many of the areas within the greater DC Metro area, this market is home to a highly Gaithersburg skilled and educated labor force. Shirlington is located in the southern part of Arlington County abutting west Alexandria City and is considered one of the area’s top art and entertainment centers for the County. The centerpiece of the market is Shirlington Village offering over 15 shops and 20 restaurants, as well as an art-house movie theater Rockville and playhouse theater. A recently built transit station that shuttles riders via the 395 HOV lanes to the Pentagon Metro sits next to Shirlington Village.
Population: 2019 Projection
38,357
297,798
2014 Estimate
34,062
266,959
Columbia 30,595 241,565
2010 Census Growth 2014-2019
12.61%
11.55%
Growth 2010-2014
11.33%
10.51%
2019 Projection
18,561
141,375
2014 Estimate
16,517
126,637
2010 Census
14,969
114,663
Growth 2014 - 2019
12.38%
11.64%
Growth 2010 - 2014
8.27%
8.13%
$89,564
$86,596
Households:
2014 Med Household Income
n Silver Spring Bethesda Reston
Tysons Corner
Washington D.C. ARLINGTON
y
The Pentagon
e
Alexandria Joe Friedman Managing Director Investment Services 301.896.9096 [email protected]
Julian P. Etches Managing Director Investment Services 301.896.9097 [email protected]
Jeff Epperson Senior Vice President Land and Development Services 703.749.9422 [email protected]
6700 Rockledge Drive | Suite 500-A | Bethesda, Maryland 20817 | 301.571.0900 | www.transwestern.com
Urban-Infill Land Opportunity in Washington D.C. Region
FOR SALE
2634–2636 SHIRLINGTON ROAD Arlington, Virginia
Pentagon
Arlington
Crystal City
SITE
Reagan International Airport
Alexandria
INGTON RD
N TO
S H I RL
Shirlington Village
SHIRLING
D ROA
395
Potomac Yard
2634–2636 SHIRLINGTON ROAD Arlington, Virginia
Executive Summary
Highlights
2634-2636 Shirlington Road (the Site) lies three blocks east of the area renowned Shirlington Village, the popular restaurant and entertainment destination in southern Arlington. Shirlington Village includes some of the area’s most popular restaurants including the Carlyle Grand Café and Capitol Brewery. And because of the tremendous success of the Village, new residents are flocking to the area. Many of the area’s one-bedroom monthly rents have now reached over $2,000 while new townhouses sell for as much as $800,000.
• 40,000 SF site
Demand for additional places to buy wares or locate their office is being generated and developers are now looking to leverage the area’s popularity by building a new development enclave at and nearby Nuack Village. A County approved Nuack Village Center Action Plan outlines the vision for revitalizing this neighborhood and includes the creation of a revitalized Town Square to serve as public space for community gatherings and events.
• Submarket undergoing significant redevelopment 3 blocks from Shirlington Village with Harris Teeter grocer, a movie theater, and 24 restaurants.
The site is zoned for retail and/or commercial or a hotel and could present a wonderful mixed-use project for an astute developer. Alternatively, the site could easily meet the needs of those retailers or owner operators looking to get into this vibrant market with fast rising incomes. Don’t get left behind.
• 60,000 SF Development potential by-right • C-2 Zoning • All utilities available • Situated in mixed-use community including; retail, townhomes, multifamily, office, industrial, and hotels.
• Rising topography creates unique vista opportunities • Nearby Arlington transit station with direct shuttle to Pentagon Metro Station • Easy access to I-395 • 4 miles to DC. 4.5 miles to Old Town Alexandria • Abuts the new Nuack Village Center Action Plan and the Special Revitalization District boundary which envisions a neighborhood town center.
2634 — 2636 SHIRLINGTON ROAD
Four Mile Park Shirlington Village
395
2634–2636 SHIRLINGTON ROAD Arlington, Virginia
Single Level Retail - parking in rear garage
2 Levels Commercial - parking in rear garage
SCHEME 4 HOTEL - SECTION
3 Level Hotel - parking in rear garage
HEME 3 OFFICE - SECTION
5 Level Hotel - parking in rear garage
SCHEME 1 OFFICE - SECTION
4 Level Office - parking in rear garage
2 Level Office - parking below
2634-2636 SHIRLINGTON ROAD
Architecture concept layouts done by the Eisen Group and is available upon request Max Floor Area Ratio: Max Lot Coverage: Max Building Height:
1.5 FAR = 59,796 GSF 90% 45’ (from average officially approved grade of the site) 0
15’
30’
June 1, 2015
Min Front Yard Setback: Yard Setback:
40’ from center line of the road 2634-2636 SHIRLINGTON ROAD 0’ if no walls in the sides/rear contains openings or windows if not, 8’ for the first 10’ of building height, plus 2 additional feet for each 10 additional feet of building height, or fraction thereof.
Permitted Uses: (typical examples)
One-Family Detached House Trade or Commercial School Governmental Facility, Religious Institution Catering establishment, small Scale, Restaurant General and Limited. Movie theater Financial Services Office, Mental or dental clinic, business and professional office Hotel or Motel Bakery, drug store, florist, grocery store, meat and fish market Animal care facility, Athletic Club, Dance Studio, Laundromat Printing, photocopy, quick sign service, Sign making, Plumbing or sheet metal shop Private Postal Service, Tailor, Pawnshop Medical, Dental Laboratory
Parking Requirement:
Office Retail Hotel Furniture or Appliances Store
4-2636 SHIRLINGTON ROAD Min Side/Rear
4 spaces per 1000 GSF 4 spaces per each alley 1 space per guest room 2.5 spaces per 1000 GSF
0
2634–2636 SHIRLINGTON ROAD Arlington, Virginia
Market Overview
Ellicott City 3 Mile 1 Mile
Radius
The Shirlington (Northern Virginia) market lies within the I-395 Corridor market which connects Virginia over the Potomac River to the District of Columbia. With a population of 206,000, the I-395 market area spans approximately 22 square miles and serves as a major business and commerce hub. The area has a well-integrated Germantown transportation network including close proximity to three major airports, major interstates, and several Metro transit stations connecting residents and employees throughout the Washington metro area. Like many of the areas within the greater DC Metro area, this market is home to a highly Gaithersburg skilled and educated labor force. Shirlington is located in the southern part of Arlington County abutting west Alexandria City and is considered one of the area’s top art and entertainment centers for the County. The centerpiece of the market is Shirlington Village offering over 15 shops and 20 restaurants, as well as an art-house movie theater Rockville and playhouse theater. A recently built transit station that shuttles riders via the 395 HOV lanes to the Pentagon Metro sits next to Shirlington Village.
Population: 2019 Projection
38,357
297,798
2014 Estimate
34,062
266,959
Columbia 30,595 241,565
2010 Census Growth 2014-2019
12.61%
11.55%
Growth 2010-2014
11.33%
10.51%
2019 Projection
18,561
141,375
2014 Estimate
16,517
126,637
2010 Census
14,969
114,663
Growth 2014 - 2019
12.38%
11.64%
Growth 2010 - 2014
8.27%
8.13%
$89,564
$86,596
Households:
2014 Med Household Income
n Silver Spring Bethesda Reston
Tysons Corner
Washington D.C. ARLINGTON
y
The Pentagon
e
Alexandria Joe Friedman Managing Director Investment Services 301.896.9096 [email protected]
Julian P. Etches Managing Director Investment Services 301.896.9097 [email protected]
Jeff Epperson Senior Vice President Land and Development Services 703.749.9422 [email protected]
6700 Rockledge Drive | Suite 500-A | Bethesda, Maryland 20817 | 301.571.0900 | www.transwestern.com
