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912-920 W St NW
Washington, DC 20001
U Street Development Land · Land For Sale · 0.18 AC
Investment Highlights
- Trophy Location, 7,916 square feet, Build up to 40 Units
- Rare development opportunity in the highly sought-after U Street Corridor.
Executive Summary
PROPERTY FACTS
1 Lot Available
Lot
Price | $5,729,110 CAD | Lot Size | 0.18 AC |
Price Per AC | $31,526,087 CAD |
Price | $5,729,110 CAD |
Price Per AC | $31,526,087 CAD |
Lot Size | 0.18 AC |
Price Prime Investment Opportunity in the Heart of DC - Introducing 912-920 W Street NW, a class A+ development site. This prime piece of real estate, comprising three parcels of land totaling 7,916 square feet, is situated in the U Street corridor.
Description
Rare development opportunity in the highly sought-after U Street Corridor. 912-920 W Street NW, a class A+ development site. This prime piece of real estate, comprising three parcels of land totaling 7,916 square feet, is situated in the vibrant U Street corridor, surrounded by major development and just steps away from Howard University. Build condos or apartments! Maximize the investment potential with the current RA-2 zoning allowing for the construction of either 20 condominiums or an apartment building. Double the potential with a Zoning amendment to RA-3 and build 40 units. Zoning studies at RA-2 and RA-3 are available for download in the OM. With its prime location, flexible zoning, and the promise of significant returns on investment, this development parcel is a rare gem. Whether you choose to construct and sell residential properties or capitalize on the rental market, the potential is undeniable. With an influx of new developments, top-notch amenities, and a buzzing food and retail scene, the popularity of this neighborhood is skyrocketing. Take advantage of this upward trajectory and tap into the high demand for housing in the area.
PROPERTY TAXES
Parcel Number | 0358-0803 | Improvements Assessment | $148,672 CAD |
Land Assessment | $2,577,208 CAD | Total Assessment | $2,725,880 CAD |
PROPERTY TAXES
zoning
Zoning Code | RA-2 (The property is currently zoned RA-2 allowing for the construction of either a 25-unit condo or an apartment building. Rezoned at R-A3 40 units.) |
RA-2 (The property is currently zoned RA-2 allowing for the construction of either a 25-unit condo or an apartment building. Rezoned at R-A3 40 units.) |