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    501-503 Kennedy Street NW

    WASHINGTON, DC 20011
    • $2,100,000
    • STATUS: Active
    • ON SITE: 295 days
    • ID#: DCDC458328
    UPDATED: 209 min ago
    $2,100,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    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.

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    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Executives. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-12-02T23:50:39.83.
    www.bruceandtanya.com/homes/103129876
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    501-503 Kennedy Street NW WASHINGTON, DC 20011

    • Price: $2,100,000
    • Status: Active
    • Updated: 209 min ago
    • ID#: DCDC458328
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    County:
    Washington
    School District:
    District Of Columbia Public Schools
    Property Description
    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.
    Exterior Features

    Garage YN No Riparian Rights YN No Soil Types Urban Land-Sassafras-Chillum Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

    Property Features

    Assessment Year 2019 Association YN No Central Air YN No Construction Completed YN No Current Use Restaurant Navigable Water YN N New Construction YN No Original MLSNumber 304023677236 Ownership Interest Fee Simple Possession Immediate Property Sub Type Land Sale Type Standard Sewer Public Sewer Tax Annual Amount 5980.00 Tax Assessment Amount 0.00 Tax Lot 82 Vacation Rental YN No Water Source Public Zoning Mu-4 Zoning Description Non-Iz: 60% Lot Occupancy And 2.5 Far60 Ft Height. IZ: 75% Lot Occupancy3 FarNo Height Limit Per Dc Zoning Handbook.

    Listing courtesy of Keller Williams Capital Properties.


    ©2020 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Executives. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2020-12-02T23:50:39.83.
     
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