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- LoopNet Team
2604-2610 Stanton Rd SE
Washington, DC 20020
Land For Sale
·
0.47 AC
INVESTMENT HIGHLIGHTS
- RA-1 Zoning Allows for Townhome, Condominium, & Multifamily Development
- Potential to Upzone from RA-1 to RA-2 Through the Map Amendment Process
- Situated 0.4 Miles from the Anacostia Metro Station Along the Green Line
- Conveys with Conceptual Plans for 18 2-Over-2 Townhomes
- Located in an Opportunity Zone & Qualified Census Tract
- 2,115 Multifamily Units & 113,013 SF of Retail Either Proposed or Under Construction Nearby
PROPERTY FACTS
| Property Type | Land | Proposed Use | Apartment Units - Condo |
| Property Subtype | Commercial | Total Lot Size | 0.47 AC |
| Zoning | RA-1 | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units - Condo |
| Total Lot Size | 0.47 AC |
| Zoning | RA-1 |
DESCRIPTION
Potential for Upzoning: Given the subject property's proximity to mass transit, and the Office of Planning's focus on increasing density around such areas, 2610 Stanton Road SE is an ideal candidate for a zoning change through Washington, D.C.'s map amendment process. 2610 Stanton Road SE is currently zoned RA-1 (1.08 FAR 40% lot occupancy), but there is potential for upzoning to RA-2 (2.16 FAR + penthouse, 60% lot occupancy). Multiple Potential Uses: The RA-1 (& RA-2) zoning designation allows for a range of uses, including townhomes, multifamily, single-family homes, retirement communities, childcare, and others. Located in an Opportunity Zone/Qualified Census Tract: 2610 Stanton Road SE is located in an Opportunity Zone and Qualified Census Tract, both of which provide incentives for investment and development in low-income communities. Opportunity Zones, created in the Tax Cuts and Jobs Act of 2017, offers tax benefits to investors who develop ground-up or value-add projects in these designated areas using equity from capital gains events. Development in Qualified Census Tracts allow a developer a 30% step-up in basis, significantly increasing project returns. Proximity to Metro/Mass Transit: The subject property is situated 0.4 miles from the Anacostia Metro station. Furthermore, there are several bus stops and a Capital Bikeshare docking station a few blocks away.
PROPERTY TAXES
| Parcel Number | 5869-0084 | Improvements Assessment | $0 |
| Land Assessment | $821,450 | Total Assessment | $821,450 |
PROPERTY TAXES
