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Prime Location! Rare Gem! Bright and Spacious New Development Opportunity in desirable Shepherd Park. 10 Unit Apartment Building Offered at $5,495,000 at a 6.44% Cap Rate in Washington, DC.Own your future residence with modern touches at a special launching price. Great investment value! This stylish Green Building is situated just beside the beautiful new 66-acre development at Walter Reed, with retail, entertainment, hotel, office, health care, schools, and 22 acres of parks and plazas. Situated in a vibrant part of the city with the comfort of modern living! MESKEN 1103 offers great living spaces surrounded by shops, restaurants, parks, and accessible transportation. Each of the ten condos has been designed to be functional and make the best use of the space. Experience urban convenience with a neighborhood feels in your new place. This is your chance to reserve your new home! Pics for the Model Home! Units starting at 399K.
Downtown Silver Spring Value-Add Mixed-Use Redevelopment in Opportunity ZonePurchase an office building in a newly up-zoned Commercial Residential Zone, in close proximity to Metro rail and Metro bus on well-traveled Eastern Avenue bordering Washington, DC. Property sits in a Priority Funding Area and benefits from recent expansion of uses per 2022 Amended Comprehensive Plan through the Silver Spring Downtown and Adjacent Comprehensive Plan. The amended plan allows for a 4 FAR or 24, 000 SQFT building potential. The building is currently 16,000+/- SQFT. Additionally, approved Zoning Code Amendments make this location ripe for repositioning or redevelopment. Approved transit and roadway improvements are value-ads, as they will allow for greater connectivity throughout the 8 distinct districts making up Downtown Silver Spring. Moreover, environmentally and security-focused design on the multi-modal trails/paths and roadways have an emphasis on storm water management and cooling roadways mechanism like right of way rain gardens, and expansion of tree canopy on pedestrian connector roads, sidewalks and roadways.Recently passed Montgomery County legislation will allow greater density in the split-zoned (CR-3, C-3, R-3, and H-125) location. Proximity to the abutting Kennett Street Garage & Parking Lot opens up opportunity for multiple redevelopment possibilities to include:Institutional UsesResidentialHealthEducationPhilanthropicCulturalCharitableSpecialty UsesFamily Day Care Hospital Educational Private Club/Service Organization Religious AssemblyRestaurant Hotel/Motel Dental Labs Research and Development (R&D) Health Club Radio Facility
Welcome to an unparalleled investment opportunity in Washington D.C. where urban convenience meets sustainable living. This exceptional 22-unit building is now available for sale, offering a unique blend of modern luxury, eco-friendly features, and a highly desirable walkable neighborhood.Fully permitted and 70% complete 22 unit apartment/condo with off street parking. Call for more information!
FLEXIBLE ZONING, METRO-ADJACENT, SELLER-FINANCING!! Calling all businesses and developers. Prime location, METRO-adjacent, property in Brookland for sale! This traditional DC rowhome has the ultimate zoning flexibility (PDR-1 Zoning) and could be used for residential, commercial, or industrial activities. Currently used as a single-family rental and gallery space, it could continue to be used as a rental, office space for your business, or improved in any number of ways.The property currently has 2 bedrooms upstairs with a full-bath, and an additional bedroom and bathroom in the basement. The main level has a galley kitchen, living, and dining room. There is a private deck off the back of the house. The seller is also open to seller financing or a rent-to-own agreement for the property. Bring your ideas and offers today!
(Pending Release ) A Developers Dream has just hit the MARKET!! Zoning is n Process for MU2, 90 Feet, FAR 6.0 or 7.2 if Residential .Just a two-minute walk from the Brookland-CUA Metro Station, 700 Monroe Street Northeast is the last parcel in Brookland for major redevelopment. One block away from Catholic University, there has been an influx of development within a one-block radius adding over 500 rental units with 2-bedroom units starting at $3400 -5500 per month.Brookland, also known as Little Rome, is a neighborhood located in the Northeast (NE) quadrant of Washington, D.C. It is best known for its numerous Catholic institutions, including schools, religious communities, shrines, institutes, and other organizations built and based around the Catholic University of America.Recent redevelopment projects within a one-block radius have produced several six-level buildings with the largest featuring 310 rental units with ground-floor retail and restaurants.The Brookland submarket having a smaller town neighborhood vibe close to Downtown D.C. has been experiencing a massive influx of development over the last decade. With notable projects such as the Monroe Street Market (three separate and distinct buildings), Brookland Artspace Lofts, Hanover 8th, and RIA development on Rhode Island Avenue this is a highly sought-after area for redevelopment. The most unique development is directly next door and features 152 rental units and 26 dedicated artist spaces which hosts numerous events including the weekly Farmer's Market.
Rehab property to be delivered with plans and permits for 7-unit condo conversion in hot Kennedy Street Corridor.
Seller is selling both units 501A and 502A together for a combined 1,936 sq. ft. unit with 2 deeded parking spaces at 8607 2nd Avenue, Silver Spring, Md. 20910 for $725,000 or $374 p.s.f.These units have the most desirable location in the park as they face 2nd Avenue and the elevator is next to the unit's front doors. These units are ideal for a use needing large open rooms or one can build offices to suit their needs. The largest room currently is +/- 600 s.f. additionally the space contains 2 large offices/conference rooms, 1 office, 1 large open area, kitchenette with 2 sinks / counter and cabinets space, 2 bathrooms and storage space. There are 2 separate HVAC units providing the unit with 24/7 temperature control. The unit conveys with two deeded parking spaces in the building and the County garage is about a block away. The monthly condo fees are $502 for unit 501 and $521 for unit 502. The current owner is a nonprofit entity and doesn't pay real estate taxes. As an estimate only, we estimate the property taxes at +/- $3,750 for each unit.The complex has two elevators, which allows for wheelchair access. Occupant can place office trash in the dumpster located in the rear of the parking area. CR zoning permits a wide variety of commercial uses. See floor plan in the pictures. Call Agent for full marketing package.
Seller is selling both units 501A and 502A together for a combined 1,936 sq. ft. unit with 2 deeded parking spaces at 8607 2nd Avenue, Silver Spring, Md. 20910 for $725,000 or $374 p.s.f.These units have the most desirable location in the park as they face 2nd Avenue and the elevator is next to the unit's front doors. These units are ideal for a use needing large open rooms or one can build offices to suit their needs. The largest room currently is +/- 600 s.f. additionally the space contains 2 large offices/conference rooms, 1 office, 1 large open area, kitchenette with 2 sinks / counter and cabinets space, 2 bathrooms and storage space. There are 2 separate HVAC units providing the unit with 24/7 temperature control. The unit conveys with two deeded parking spaces in the building and the County garage is about a block away. The monthly condo fees are $502 for unit 501 and $521 for unit 502. The current owner is a nonprofit entity and doesn't pay real estate taxes. As an estimate only, we estimate the property taxes at +/- $3,750 for each unit.The complex has two elevators, which allows for wheelchair access. Occupant can place office trash in the dumpster located in the rear of the parking area. CR zoning permits a wide variety of commercial uses. See floor plan in the pictures. Call Agent for full marketing package.
Marcus & Millichap is pleased to exclusively represent the owner of 615 Kennedy Street NW, DC 20011, in the Brightwood subdivision. This new construction build is situated on a .05-acre lot, amassing six stories with a rooftop deck.Included in the 8,276 Square Feet of rentable space are six bi-level units and two penthouse each with a separate rooftop deck. Each of the eight units are delivered with condo level finishes including granite countertops, stainless steel appliances, custom granite tops, and much more. The property also comes with two parking spaces for future tenants.A buyer can achieve a NOI of approximately $219,283 in year 1, which operates at a 6.64% Cap Rate based off the sales price. This investment also yields a 15.76% 5- year levered return, which is highly attractive in today's market. Future appreciation based off of the corridor's revitalization should also be considered when analyzing this investment.Since 2000, the median household income in the area has increased by 97.4%. The average household income in 2022 for this corridor is $145,000, approximately 50% higher than the U.S. average. With dozens of development projects set to be completed over the next few years, Brightwood is set to become a retail hot bed, with new commercial real estate being developed on Kennedy Street, and at the Fort Totten metro (five blocks away).The Kennedy Street corridor is a designated "Great Street" corridor that is bolstered by new residential and commercial development. In addition to its recent residential building boom, Kennedy Street offers a mix of independent retailers, restaurants, and specialty grocers. This site is located two miles away from "The Park at Walter Reed, a 66-acre redevelopment of the former Walter Reed Army Medical Center. This Park will include 3.1 million square feet of mixed-use development.
Welcome to the heart of Washington D.C.'s dynamic landscape, where history meets opportunity. This iconic venue, nestled in a prime location, offers boundless potential for repurposing and revitalization. With ample space and versatile layouts, it invites visionary entrepreneurs and developers to reimagine and redefine the city's cultural landscape. Beyond its historical charm, it promises to be a cornerstone of community engagement and economic revitalization, breathing new life into the urban fabric. Seize the chance to shape the future of D.C.'s cultural scene with this extraordinary property.
30-unit apartment building under construction in Petworth on hot Kennedy Street. Site work is in progress with projected delivery in Spring of 2024. Plans are for a high-end design with modern finishes, ideal for condo resale, or can be a long-term hold as apartment residences.
Shovel-ready investment opportunity. Just a 5 minute walk to Rhode Island Ave - Brentwood Metro station, and entertainment such as Van Gogh: The Immersive Experience, Metrobar Beer Garden and many more boutique shops and restaurants in the Brookland neighborhood. This is an excellent opportunity for an investor who wants to capitalize on the hot Brookland market. Buyer can purchase the building AS-IS. General Contractor is in place for the build or bring your own. Please contact Elizabeth Benitez for showings and questions.
Discover the endless possibilities with this exceptional C2A zoned property! Currently operating as a gift shop on the main street level and featuring a 3-4 bedroom 2 full baths apartment on the upper level, this unique opportunity allows you to own your business and live conveniently upstairs. Additional features include a basement for storage and a 3-car private parking pad at the rear. Strategically located in the corner of Georgina Ave and Delafield Place NW, in the vibrant Patworth neighborhood. This property is in the heart of Washing DC. Don't miss out on the incredible change to thrive in one of the city's most dynamic areas!
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Located in the lively Petworth neighborhood of Washington, D.C., 4811 Georgia Ave is a developer's dream, poised at the drywall-ready stage with the bulk of construction already in the rearview. This project boasts 10 units, including two exquisite, two-level penthouses with panoramic views, perfectly positioned for upscale living in an area known for its growth and vitality.
DO NOT DISTURB THE FAMILY OR ACCESS THE PROPERTY. All viewings will be scheduled with the listing agent after an offer has been presented.Literally a stones throw away from Washington, D.C. - Property with 15,477 square feet is zoned CGO (Commercial, General and Office) which is permissable for multifamily and nonresidential properties as well as businesses. The existing property consists of 7 bedrooms, 4 full bathrooms, living and dining rooms, brick fireplace and a large eat-in kitchen with an oversized storage room. The property has like new hot water heater and windows all around with a large basement and a huge storage room. An additional connected brick building on the property with its own front and back entrance and brick terrace around the back offers potential for additional rental income. There is also a 24X24 storage house with 2 windows that can be negotiated with the sale. Tear down and rebuild the current structure(s) and build your own multi-unit or commercial buisness.
**INVESTOR'S DREAM: Prime Real Estate Opportunity with Impeccable Potential** Are you seeking a transformative investment opportunity in the heart of a rapidly developing community? Look no further! This exceptional property is INVESTOR-READY and BRIMMING with potential. Here's why this investment should not be missed. The groundwork is already laid with meticulously crafted architectural drawings **Architectural Drawings for improvements on the property to add two additional units to the already existing lay out of four units, plus build upwards on the current foundation which has already been reviewed and all documentation needed for permits have been obtained. You have the green light to add two additional units and build upwards on the existing foundation. Say goodbye to the bureaucratic red tape, and hello to accelerated progress. **Solid Foundation & Soil Testing** Safety is paramount, and this property has passed rigorous soil and foundation testing. Your investment is grounded on a solid, verified foundation, ensuring long-term structural integrity. **Private Alley & Parking** Convenience and exclusivity go hand in hand with a private alley and designated parking for occupants. Parking space is a prized asset in urban locales, adding value and desirability to your investment. **Mixed-Use Commercial Property** Versatility is your ally. This property boasts mixed-use capabilities, opening doors to diverse revenue streams. Whether it's apartments, a laundromat, or a combination of both, you're in control of your investment's destiny. BEST PART YET - **Vacant & Ready for Renovation** No tenant-related delays or disruptions. The property is vacant, awaiting your vision and transformation. Get started on your investment journey without hesitation. Perfect Location** Situated in the highly sought-after Deanwood Community, conveniently accessible via highways, metro stations, and city roads. The 295 exit to Nannie Burroughs is just around the corner. Embrace the advantages of a burgeoning community with ample potential for growth. Proximity to Transportation** With the Minnesota Avenue, Benning Road, and Deanwood Metro Stations nearby, this property offers excellent commuter access. Plus, major arteries like 295, 395, Anacostia Freeway, New York Avenue, and Benning Road are within easy reach. Surging Development**: Ride the wave of progress. The surrounding area is witnessing rapid development, making this investment not just a choice but a strategic move for the future. This property is presented as-is, granting you the freedom to craft its future. If you're a savvy investor seeking an opportunity brimming with potential and located in one of the most promising communities, don't let this slip through your fingers.
Great opportunity to own a piece of property in DC.Nice office with new kitchen and bath. Awesome place to meet your clients.
Commercial Storefront on busy walk around Upshur Street, property boasts display windows on 9th street and Upshur (corner property) currently houses Florist Shop.
Triple Net Investment Group is pleased to offer fully equipped turn key restaurant for sale on 3813-15 Georgia Ave NW Washington, DC. This fully operational restaurant has a total of 6800 sq ft, with the first floor being 3,700 sq ft, 2nd floor: 3100 sq ft and about 3700 sq ft in basement. The restaurant features a walk-in cooler, kitchen with all appliances, a large outdoor patio with a 150 people occupancy limit. 3813 Georgia Ave is steps from the Petworth station serving both the Green. This location is close to many tenants such as Safeway, Dunkin Donuts, CVS, Wendy's, Honeymoon Chicken, Yes! Organic Market, Bank Of America, and other local businesses.HIGHLIGHTS- Fully Renovated Second Generation Restaurant in 2022. -Approximately 6800 sq | 3,700 sq ft on first floor appx-Fully operational restaurant with four bars, kitchen with 10 feet hood and all kitchen appliances and large outdoor patio for 30 seating's and total 150 people occupancy-Prime Location at a heavily trafficked retail corridor on Georgia Ave in Northwest, DC, and surrounded by subways station and residential condos -Zoning NC-8 with FAR of 4.8 allows for construction of 17,899 mixed-use-Neighboring national retailers, banks, supermarkets, and bakeries -One blocks from Petworth Georgia Ave Station-70+ years operating history at this site and on National Register of Historic Places in DC (Billy Simpson House of Seafood and Steak)
Real Estate and business included in the sale, has Group Home license, easy to change to drug/alcohol rehab facility if desire. 2-level all brick rancher, walk-out basement. Established business since 1999. Successful Elder Care/Senior Living facility in Fairland Farm, Silver Spring. This facility offers 8 beds, 5 full baths, 1 half bath. There is adequate room on the property for an addition to house more residents. Please verify with county. A/C is brand new, waterheater is 6 years old, roof 5 years, windows 6 years, whole house equipped with sprinklers.All residents are private pay with monthly rate of $3500-$4500 per bed, currently there are only female residents, the rates are higher for male residents.There is also an oversized detached 2-car garage with loft totalling 1600+ sf, potentially could be built out as an office or apartment unit above the garage. Large fenced in backyard, almost 1-acre lot with circular driveway enough for 8+ cars. Location is perfect, just minutes from the main thoroughfares, 200, 29, I-95, 198, 650.
Investor Alert! A prime opportunity awaits with this 6-unit building now available for sale. Each unit features one bedroom, one bath, separate utilities, and private balconies. Located 2 blocks off Georgia Ave in the flourishing Petworth/Park View neighborhood, this property presents versatile options for savvy investors. Whether as a strategic buy-and-hold investment with the potential for significant unit upgrades or a lucrative conversion into luxury condos, the possibilities are endless. Noteworthy features include a vacant rear lot, offering further expansion potential. The property will be sold "as-is" and delivered vacant, with six of the units currently owner-occupied. Additionally, the owners may request a short rent-back period post-closing. Showings are exclusively scheduled for Fridays, between 2:30 PM and 5:00 PM. Don't miss out on this exceptional opportunity to capitalize on the thriving real estate market in the sought-after Park View neighborhood.
OPPORTUNITY ZONE -- A 2-story brick building configured w/2 units in the "Deanwood" neighborhood of NE Washington, DC. This is an opportunity to develop the property or renovate the current building. The property has RA-4 zoning. According to the DC Government Zoning Book: "The RA-4 zone provides for areas developed with predominantly medium- to high-density residential." It is in a residential apartment zone and permits medium to high-density apartments. We included an external link to view the Zoning information. Please do your due-diligence to determine what development is possible on this property. Location: The property has a convenient location near dining, shopping, schools, recreational facilities, parks, access to transportation routes and metro station; and very near the DC/MD line. Deanwood is a residential neighborhood in Ward 7 of NE Washington, DC.
Renovated Condo Building in Trinidad. Six spacious units: Four expansive 2-bedroom, 2- bathroom units. Two cozy 1-bedroom, 1-bathroom units: Substantially complete with major renovations. Only steps away from Gallaudet University, this building is a convenient and comfortable home close to restaurants, shops, and entertainment options to explore. Easy access to major highways and public transportation. Don't miss this incredible chance to own a fully renovated condo building in a high-demand location. Contact us today to schedule a viewing!
