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    501-503 Kennedy Street NW

    WASHINGTON, DC 20011
    • $2,100,000
    • STATUS: Active
    • ON SITE: 287 days
    • ID#: DCDC458318
    UPDATED: 59 min ago
    $2,100,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Villa/Townhouse
    Built:
    1928
    County:

    School Ratings & Info

    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.

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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 Jim Bass Group, Real Estate Teams, LLC. 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: 2020-11-25T21:49:55.06.
    www.jimbassgroup.com/homes/103129868
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    501-503 Kennedy Street NW WASHINGTON, DC 20011

    • Price: $2,100,000
    • Status: Active
    • Updated: 59 min ago
    • ID#: DCDC458318
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    1928
    Built
    Neighborhood:
    Brightwood
    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 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.
    Exterior Features

    Architectural Style Federal Construction Materials Brick Direction Faces South Garage YN No Lot Features Level Other Structures Above GradeBelow Grade Parking Types Driveway Pool No Pool 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

    Interior Features

    Above Grade Fin SQFT 0 Basement Connecting StairwayFullPoured Concrete Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling None Heating None Levels 3 Main Level Bedrooms 0

    Property Features

    Accessibility Features None Association YN No Central Air YN No Condo YN No Cooling Fuel None Cross Street 5th Heating Fuel None Navigable Water YN N New Construction YN No Original MLSNumber 304023644018 Ownership Interest Fee Simple Possession Immediate Sale Type Standard Senior Community YN No Sewer Public Sewer Structure Design Type Twin/Semi-Detached Tax Annual Amount 0.00 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 Jim Bass Group, Real Estate Teams, LLC. 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: 2020-11-25T21:49:55.06.
     
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    Jim Bass Group, Real Estate Teams, LLC
    617 W Patrick St
    Frederick MD, 21701