Listed by Greysteel Company LLC Washington, D.C., Greysteel Company LLC
$3,500,000
2617 Pennsylvania Avenue SE
Details
APN 5579-0000-0064
Property Type Mixed Use
Sub Type Shovel-Ready Development
Square Footage 69,490
Net Rentable (SqFt) 69,490
Units 64
Tenancy Vacant
Price per SqFt $50
Buildings 1
Stories 4
Lot Size (SqFt) 16,495
Zoning MU-4
Ownership Fee Simple
Mixed Use | 69,490 SqFt
Investment highlights
Shovel-Ready Development: +69,000 buildable SF multifamily project on the 2600 block of Pennsylvania Avenue SE
The unit mix consists of 1 studio, 39 one-bedrooms, 2 two-bedrooms, and 22 three-bedroom units, totaling 64 units
Well-situated on Pennsylvania Avenue SE with an excellent corner location at a signalized intersection, facing the 27th Street Police Station, and 0.5 miles to I-295
Sale includes fully approved plans and permits for a well-designed and expansive development project
Located in a designated Opportunity Zone, providing substantial tax benefits for development, including reducing or eliminating future capital gains
Listing Contacts
Listed by Greysteel Company LLC Washington, D.C., Greysteel Company LLC
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