501 KENNEDY ST NW, WASHINGTON, DC, 20011
501 Kennedy St NW
$1,050,000
1928 BUILT
0.049 Acres LOT

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.

Key Details

Year Built
1928
Lot Area
0.049 Acres
Real Estate Taxes
$5,980

Property Images

"The area is on fire with new development, restaurants, bars and even a grocery store just half a block away."
Bediz Group, LCC
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