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INVESTMENT HIGHLIGHTS
- • Shovel Ready at Closing | Eliminates Entitlement Risks & Mitigates Carrying Costs
- • High-Demand Condominium Market | Recent Outsales Exceeding $500 per SF
- • 14 Proposed Units | 9 One-Bedroom Units & 5 Two-Bedroom Units
- • Located in an Opportunity Zone which Offers Tax Benefits to Developers of Ground-Up Projects
EXECUTIVE SUMMARY
Feldman Ruel is pleased to offer for sale 912 Kennedy Street NW, a 14-unit multifamily development site located in an Opportunity Zone. Proposed GBA: 12,167 SF. At closing, ownership will deliver to the purchaser all necessary approvals and permits to construct 14 multifamily units, thereby eliminating entitlement risk and significantly reducing carrying costs. Furthermore, ownership has invested more than $445,000 in pre-development costs for permits, demolition, underpinning, wet utility upgrades, insurance, excavation, and tree removal.
PROPERTY FACTS
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Walk Score®
Very Walkable (88)
Bike Score®
Very Bikeable (70)
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912 Kennedy St NW
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