2617 Pennsylvania Ave SE | Washington, DC 20020
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- LoopNet Team
2617 Pennsylvania Ave SE
Washington, DC 20020
2617 Pennsylvania Avenue SE · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Shovel-Ready Development: +69,000 buildable SF multifamily project on the 2600 block of Pennsylvania Avenue SE
- Well-situated on Pennsylvania Avenue SE with an excellent location at a signalized intersection, facing the Police Station, and 0.5 miles to I-295
- Located in a designated Opportunity Zone, providing substantial tax benefits for development, including reducing or eliminating future capital gains
- The unit mix consists of 1 studio, 39 one-bedrooms, 2 two-bedrooms, and 22 three-bedroom units, totaling 64 units
- Sale includes fully approved plans and permits for a well-designed and expansive development project
PROPERTY FACTS
Property Type
Retail
Building Size
6,406 SF
Building Class
C
Year Built
1940
Tenancy
Single
Building Height
1 Story
Building FAR
0.39
Lot Size
0.38 AC
Zoning
MU-4
Parking
16 Spaces (2.5 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 5579-0064 | Improvements Assessment | $1,059,790 |
| Land Assessment | $665,740 | Total Assessment | $1,725,530 |
PROPERTY TAXES
Parcel Number
5579-0064
Land Assessment
$665,740
Improvements Assessment
$1,059,790
Total Assessment
$1,725,530
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