Address
501-503 Kennedy Street NW Washington, DC
Price
$ 2,100,000
Property Attributes
  • MLS#DCDC458328
  • TypeLand
  • CountyWASHINGTON
  • CityWashington
  • Zip20011
  • StyleRestaurant
  • Taxes5980
  • Price$ 2,100,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size4,792 SqFt
Listing Provided Courtesy Of:
Keller Williams Capital Properties
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.

Price History
2/11/2020 Listed $2,100,000

General Features

Additional Parcels Y/N Yes
Association Y/N No
County WASHINGTON
Current Use Restaurant
High School District DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Legal Subdivision PETWORTH
Ownership Fee Simple
Possession Immediate
Price Per Sq Ft 453.37
Property SubType Land
Property Type Land
Real Estate Owned Y/N No
Sewer Public Sewer
Tax Year 2019
Vacation Rental Y/N No
Water Access Y/N No
Zoning MU-4
Zoning Description 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.

Exterior Features

Lot Size Acres 0.11
Lot Size Source Estimated
Lot Size Square Feet 4632.00
Navigable Water Y/N No
Soil Types Urban Land-Sassafras-Chillum
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 20011

Price
AVG $1.12M
$2.1M
Taxes
AVG $2,951
$5,980
Visits
AVG 56
61
Walkscore
AVG 84
84
Data Provided by Walkscore ® not using MLS data

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