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2023 Benning Rd NE - 2023-2025-2027 Benning Rd NE 0.13 Acres of Residential Land Offered at $1,975,000 in Washington, DC 20002

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INVESTMENT HIGHLIGHTS

  • Easy access to restaurants and shopping along the H Street Corridor.
  • Located in front of the DC Streetcar, which takes passengers to both Union Station and Minnesota Ave metro stations.

EXECUTIVE SUMMARY

The lot to the right is being permitted for 50-unit MF, and the lot to the left is under construction for a 10-unit MF.
LESS THAN A MILE TO STADIUM ARMORY METRO. Located in front of the DC Streetcar, which takes passengers to both Union Station and Minnesota Ave metro stations and .3 mile to Hechinger Mall with Safeway, Starbucks, Subway, and more. Easy access to restaurants and shopping along the H Street Corridor. Ask for a copy of a recent appraisal!

PROPERTY FACTS

Price $1,975,000
Sale Type Investment
Sale Condition Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Commercial
  • Mixed Use
  • Multifamily
  • Apartment Units
  • Apartment Units - Condo
  • Apartment Units - Senior
Total Lot Size 0.13 AC
No. Stories 2
Zoning MU-5A(IZ+) - Mixed Use

1 LOT AVAILABLE

Lot

Price $1,975,000
Price Per AC $15,186,349.97
Lot Size 0.13 AC

SELLER FINANCING AVAILABLE FOR MULTIFAMILY DEVELOPMENT OPPORTUNITY! This combined 5,665 sf parcel is zoned MU-5A(IZ+), which allows by right for: 4.2 FAR, 70' height, 80% lot occupancy. Zoning approved up to 7 floors.

DESCRIPTION

This is a 0.13-acre lot.

Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (88)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
4515-0101
Land Assessment
$678,690
Improvements Assessment
$860,210
Total Assessment
$1,538,900
  • Listing ID: 32639617

  • Date on Market: 7/31/2024

  • Last Updated:

  • Address: 2023 Benning Rd NE, Washington, DC 20002

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