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3812 16th St S 0.25 Acres of Commercial Land Offered at $1,600,000 in Arlington, VA 22204
Property Facts
| Price | $1,600,000 | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | Apartment Units |
| No. Lots | 1 | Total Lot Size | 0.25 AC |
| Property Type | Land | ||
| Zoning | R-6 - residential | ||
| Price | $1,600,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.25 AC |
| Zoning | R-6 - residential |
1 Lot Available
Lot
| Price | $1,600,000 | Lot Size | 0.25 AC |
| Price Per AC | $6,400,000.00 |
| Price | $1,600,000 |
| Price Per AC | $6,400,000.00 |
| Lot Size | 0.25 AC |
Description
You're buying: 1) EHO Approved Permit for 6 unit apartment complex - Permit will be transferred. Plan can be found in document section. 2) SFH currently on it Seller has officially received the Expanded Housing Option (EHO) Development permit for this lot. No more than thirty (30) R-6 permits are issued a year. Expanded Housing Option (EHO) Development offers an alternative on single-family residential lots that allows for the construction of duplexes, townhouses, and multifamily buildings that meet the design standards in Arlington County Zoning Ordinance (ACZO) 3812 16th has met the requirements: Minimum Lot Area of 6,000 sq ft and Minimum Lot Width of 60 ft. You'll receive the parcel + home with the EHO Permit, you'll take it from there. There's a home there now that you can rent till you start demo. 3 floors 2 units per floor Each unit has 3 bedrooms and 2 full bathrooms Don't miss out! This is VERY RARE and UNIQUE investment in Douglas Park, Arlington
Property Taxes
| Parcel Number | 26-011-017 | Improvements Assessment | $117,800 |
| Land Assessment | $659,200 | Total Assessment | $777,000 |
Property Taxes
Presented by
3812 16th St S
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