501-503 KENNEDY ST NW, WASHINGTON, DC 20011
501-503 KENNEDY ST NW
$2,100,000
1928 BUILT
0.106 Acres LOT
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.

Area & Lot

Status
Sold
Lot Size
0.106 Acres
MLS ID
DCDC2001986
Type
RESIDENTIAL
Year Built
1928
Architecture Styles
Federal
School District
DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Exterior

Water Source
Public
Pool
No Pool
Lot Features
Level
Heat Type
None
Air Conditioning
None
Sewer
Public Sewer

Financial

Sales Price
$2,100,000
Real Estate Tax
$15,000
Zoning
MU4

Property Images

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