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1615 22nd St SE 0.29 Acres of Commercial Land in Washington, DC 20020
Investment Highlights
- Fully entitled and shovel-ready development opportunity on a 12,500 SF lot with approved permits in place from DOB, DDOE, and WASA
- The approved unit mix includes 3 IZ units, 25 one-bedroom/one-bath residences and 12 two-bedroom/two-bath residences
- Approximately 38,500 SF of total building area.All pre-development work has been completed, allowing a developer to immediately commence construction
- Less Than 3 Miles from the $3+ Billion RFK Redevelopment
Executive Summary
Property Facts
1 Lot Available
Lot
| Lot Size | 0.29 AC |
| Lot Size | 0.29 AC |
Permit ready 40 unit development Opportunity
Description
The Property is situated less than three miles from the future RFK Stadium redevelopment, a landmark mixed-use project expected to reshape the eastern portion of Washington, D.C. The redevelopment will introduce new housing, retail, entertainment venues, parks, and infrastructure improvements, further accelerating investment throughout the surrounding neighborhoods. As one of the closest entitled multifamily development opportunities to this transformative project, 1615 22nd Street SE offers investors the opportunity to capitalize on the area's continued growth and revitalization
Property Taxes
| Parcel Number | 5591-0036 | Improvements Assessment | $304,850 |
| Land Assessment | $234,000 | Total Assessment | $538,850 |
Property Taxes
Presented by
1615 22nd St SE
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