Active

301 New York Ave NW

Washington DC, 20001

$1,800,000


$561.62 per sqft

Active

4 Beds

3 Baths

3,205 sqft

Residential

Built in 1900

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.

DCDC2129920

MLS ID

February 27, 2024

Listed

June 13, 2024

Updated

Map

301 New York Ave NW
Washington DC, 20001

Interior Features

Total Stories

3


Bedrooms

4


Total Bathrooms

3


Full Bathrooms

1


Half Bathrooms

2


Appliances

Electric Water Heater, Dryer, Washer


Laundry Description

Main Level


Fireplace

No


Cooling

Yes


Cooling Description

Window Unit(s)


Heating

Yes


Heating Description

Central, Natural Gas

Exterior/Building Features

Lot Size

0.04 Acres


Architectual Style

Traditional


Sewer

Public Sewer

School Information

School District

DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Other Property Details

Taxes

$13,698


Tax Frequency

Annually


Days on Market

108


Garage

No


View

No


County

WASHINGTON


Water Source

Public


Pool

No


Zoning

Commerical / Residental mix use


Buyer Agency Compensation

2.5%

Exclusive Listing Agents

Listed by WAI LUN L LEUNG, Khalida Bajwa with Century 21 Redwood Realty
Listing Contact: 5714974607 

The IDX display contains information sourced from the Bright MLS, Inc. as of 6/13/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2024 Bright MLS, Inc. all rights reserved.

Data last updated on 6/13/2024 at 8:08 PM UTC

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