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$ 1,600,000

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Price Dropped by $200K

301 NEW YORK AVE NW Washington, DC 20001

4 Beds

3 Baths

3,205 SqFt

UPDATED:

09/21/2024 04:56 AM

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 3,205 sqft

Price per Sqft $499

Subdivision Noma

MLS Listing ID DCDC2129920

Style Traditional

Bedrooms 4

Full Baths 1

Half Baths 2

HOA Y/N N

Abv Grd Liv Area 3,205

Originating Board BRIGHT

Year Built 1900

Annual Tax Amount $13,698

Tax Year 2019

Lot Size 1,576 Sqft

Acres 0.04

Property Description

Attention Developers, Investors, and Visionaries! Presenting a unique opportunity to acquire a commercial/residential mixed-use property in a prime location near a busy highway, offering unparalleled visibility and accessibility. This property is ready for transformation, making it an ideal project for those looking to capitalize on its high-traffic area and strategic location. The current structure is older and in need of renovation or potentially a complete tear-down, providing a blank canvas for your ambitious redevelopment plans. The versatile layout is perfect for a blend of commercial and residential spaces, catering to a variety of tenants and maximizing rental income. The generous lot size allows for extensive redevelopment options, including multi-story buildings or expanded commercial facilities.

This property is ideal for real estate developers aiming to transform it into a modern, multi-use complex that meets the needs of today's market. Value-add investors can increase the property's value through strategic renovations or a complete rebuild, tapping into the lucrative rental market. Construction companies can utilize their expertise to develop a new, high-demand property in a prime location. Commercial real estate firms can reimagine the space to attract high-end commercial and residential tenants. Retail chains and franchises can create custom-designed retail or restaurant spaces that draw in customers from the busy highway. Healthcare organizations can establish a state-of-the-art clinic or healthcare facility in a highly accessible location. Hotel chains can develop a new hotel to cater to travelers and tourists, benefiting from the high visibility. Educational institutions can build a new campus or training center that offers easy access for students and staff. Municipal or government agencies can develop a public use facility to serve the community effectively. Joint ventures can partner with other investors to maximize the potential of this prime redevelopment site.

Don't miss this exceptional opportunity to shape the future of a highly desirable location. Contact us today to explore the possibilities and schedule a viewing. This is your chance to make a significant impact in a thriving area with unlimited potential.

Location

State DC

County Washington

Zoning D-4-R

Rooms

Basement Fully Finished

Main Level Bedrooms 1

Interior

Hot Water Electric

Heating Central

Cooling Window Unit(s)

Fireplace N

Heat Source Natural Gas

Laundry Dryer In Unit, Main Floor, Washer In Unit

Exterior

Waterfront N

Water Access N

Accessibility None

Parking Type None

Garage N

Building

Story 3

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Architectural Style Traditional

Level or Stories 3

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District District Of Columbia Public Schools

Others

Senior Community No

Tax ID 0524//0020

Ownership Fee Simple

SqFt Source Estimated

Horse Property N

Special Listing Condition Standard

Listed by WAI LUN L LEUNG • Century 21 Redwood Realty

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301 NEW YORK AVE NW Washington, DC 20001

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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301 NEW YORK AVE NW