Remarks

"The Colonial" is an exceedingly rare opportunity for investors and developers to purchase approximately 25,000+ square feet (per public records) and private parking for 16 cars in the heart of the historic "east village" of Georgetown, nestled among multimillion dollar residences. The structure, built in 1820, is an important piece of Federal architecture in the nation's capital, and it is a true once-in-a-lifetime opportunity. Initially built as the Georgetown Female Seminary, the building was a school to fashionable young women. Commandeered after the first Battle of Bull Run during the American Civil War, it was converted to a hospital. In 1865, after the war, it was converted to an apartment building and has remained such since. In short, this is a spectacular opportunity to purchase an historically significant, architecturally important, and unusually large parcel in what many would believe is the finest location in all of Washington DC. Currently, the property is planned and approved for 18 upscale units with 16 on-site parking spaces located on the rear of the property. The building consist of three interconnected structures that would allow the investor/developer to reduce density. (e.g. to three (3) approximately 8,400 sq ft single family residences, six (6) approximately 4,200 sq ft condominiums, etc.)