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501-503 Kennedy St NW, Washington, DC 20011
0 Beds
0 Baths
n/a sqft

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INCREDIBLE DEVELOPMENT OPPORTUNITY ON KENNEDY STREET! Two MU-4 lots in an OPPORTUNITY ZONE 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.
  • Price:
  • $2,100,000
  • Acreage:
  • 0.11
  • Listing ID #:
  • DCDC458328
  • Street Address:
  • 501-503 Kennedy St NW
  • City:
  • Washington
  • State:
  • District Of Columbia
  • Postal Code:
  • 20011
  • County:
  • Washington
  • Listing Status:
  • Pending
  • Approximate Lot Size Range Source:
  • Estimated
  • 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.
  • Existing Land Use:
  • Restaurant
  • Lot Square Footage:
  • 4632.00
  • Soil Type:
  • Urban Land-Sassafras-Chillum
  • Days On Market:
  • 112
  • Originating Mls:
  • Bright
  • Special Conditions Of Sale:
  • Standard
  • In City Limits:
  • Yes
  • Street Direction Suffix:
  • Nw
  • Street Type:
  • Street
  • Price Per Square Foot:
  • 453.37
  • Property Taxes:
  • $5,980
  • Tax Year:
  • 2019
  • Existing Water:
  • Public
  • Sewage Type:
  • Public Sewer
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo
  • Listing Provided By Keller Williams Capital Properties
  • © 2020 BRIGHT, All Rights Reserved BRIGHT

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