Huge Price Reduction for Prime Development Opportunity!! An exceptional opportunity to acquire one of the very few remaining vacant lots in the heart of downtown Washington, DC’s vibrant Mt. Vernon Square neighborhood. 1234 New Jersey Avenue NW offers matter-of-right development potential for two residential units (purchaser to verify zoning and development capabilities). Historically comprised of three separate lots improved with three row homes, the property is now consolidated into a single lot — presenting intriguing redevelopment possibilities in a highly desirable urban core location. Investment Highlights Matter-of-Right Development – Potential for two residential units (buyer to confirm zoning). Rare Vacant Lot – One of the last remaining undeveloped parcels in this prime downtown neighborhood. Central Location – Positioned in the dynamic Mt. Vernon Square corridor. Transit-Oriented – Convenient access to multiple Metro stations and major commuter routes. Walkable Urban Lifestyle – Steps from parks, acclaimed restaurants, retail, and neighborhood amenities. Strong Residential Demand – Surrounded by established row homes, new condominium developments, and luxury apartments. Premier Downtown Setting Located in the heart of Mt. Vernon Square, the property benefits from immediate proximity to the Walter E. Washington Convention Center, CityCenterDC, and the Shaw corridor. The neighborhood continues to experience sustained residential growth, retail expansion, and long-term investment stability. This is a rare opportunity for a developer or investor to secure a foothold in one of Washington, DC’s most centrally located and supply-constrained neighborhoods.