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  • DESCRIPTION

    INCREDIBLE DEVELOPMENT OPPORTUNITY ON KENNEDY STREET! Two MU-4 lots in an OPPORTUNITY ZONE at 501 and 503 Kennedy St NW with a total of 4632 sq ft lot size, up to 13,896 sq ft allowed above ground, are available in the vibrant and dynamic Kennedy Street corridor. Qualified investments may have all future gain TAX-FREE using the new tax laws; consult your tax advisor. Current sale prices per square foot are $450-550, so do the math-- there is up to $8.5M in revenue possible with this project (not guaranteed). The area is on fire with new development, restaurants, bars and even a grocery store just half a block away. DO NOT MISS THIS OPPORTUNITY to make your mark on the Kennedy Street landscape! Properties sold As-Is and no seller financing will be considered- cash due upon settlement.

    KEY DETAILS
    • Price:
    • $2,100,000
    • Bedrooms:
    • 0
    • Full Baths:
    • 0
    • Square Footage:
    • n/a
    • Acreage:
    • 0.11
    • Year Built:
    • 1928
    • MLS #:
    • DCDC458318
    • Street Address:
    • 501-503 Kennedy St NW
    • City:
    • Washington
    • State:
    • DC
    • Postal Code:
    • 20011
    • County:
    • Washington
    • Subdivision:
    • Brightwood
    • Listing Status:
    • For Sale - Pending

    Building

    • Basement Type:
    • Connecting Stairway, Full, Poured Concrete
    • Dwelling Type:
    • Twin/Semi-Detached
    • Has Basement:
    • Yes
    • Other Buildings:
    • Above Grade, Below Grade
    • Square Footage Source:
    • Assessor
    • Stories:
    • 3+
    • Style:
    • Federal
    • Year Built:
    • 1928
    • Year Built Source:
    • Assessor

    Land

    • Approximate Lot Size Range Source:
    • Listing Agent
    • Conforms To Zoning:
    • Non-Iz: 60% Lot Occupancy And 2.5 Far, 60 Ft Height. Iz: 75% Lot Occupancy, 3 Far, No Height Limit Per DC Zoning Handbook.
    • Lot Features:
    • Level
    • Lot Square Footage:
    • 4632.00
    • Soil Type:
    • Urban Land-Sassafras-Chillum

    Listing

    • Days On Market:
    • 55
    • Originating Mls:
    • Bright
    • Special Conditions Of Sale:
    • Standard

    Location

    • Cross Street:
    • 5th
    • In City Limits:
    • Yes
    • Street Direction Suffix:
    • Nw
    • Street Type:
    • Street
    • Subdivision:
    • Brightwood

    Money

    • Tax Year:
    • 2019

    Structures

    • Parking Type:
    • Driveway
    • Pool Description:
    • No Pool

    Systems

    • Existing Water:
    • Public
    • Sewage Type:
    • Public Sewer

    Source

    • Listing Provided By Keller Williams Capital Properties

      © 2020 BRIGHT, All Rights Reserved


      BRIGHT
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    SCHOOL RATINGS
    n/a

    SCHOOL DISTRICT: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

    NOTES

    No notes have been added for this home.

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