$3,600,000 USD
202-869-1743
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 Ave SE with a corner location at a signalized intersection, facing the 27th Street Police Station, & 0.5miles 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
FOR SALE DETAILS
PRICE
$3,600,000 USD
PRICE/SF
$52 USD /SF
# OF UNITS
64
PRICE/UNIT
$56,250
CAP RATE
Request Cap Rate
% LEASED
0%
STATUS
Proposed
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Mid-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
4
YEAR BUILT
2026
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.38 AC
LAND SF
16,495 SF
ZONING
MU-4
APN/PARCEL ID
5579-0000-0064
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202-869-1743
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202-869-1743
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