$1,600,000
- Beds
- 4
- Baths
- 2.0
- sq ft
- 3,205
301 New York Ave NW, Washington, DC 20001
301 New York Ave NW
WASHINGTON, DC 20001
- 265 days on market
- Price drop $200,000↓
Attention Developers, Investors, and Visionaries! Presenting a unique opportunity to acquire a commercial/residential mixed-use property in a prime location near a busy highway, offering unparalleled visibility and accessibility. This property is ready for transformation, making it an ideal project for those looking to capitalize on its high-traffic area and strategic location. The current structure is older and in need of renovation or potentially a complete tear-down, providing a blank canvas for your ambitious redevelopment plans. The versatile layout is perfect for a blend of commercial and residential spaces, catering to a variety of tenants and maximizing rental income. The generous lot size allows for extensive redevelopment options, including multi-story buildings or expanded commercial facilities.
This property is ideal for real estate developers aiming to transform it into a modern, multi-use complex that meets the needs of today's market. Value-add investors can increase the property's value through strategic renovations or a complete rebuild, tapping into the lucrative rental market. Construction companies can utilize their expertise to develop a new, high-demand property in a prime location. Commercial real estate firms can reimagine the space to attract high-end commercial and residential tenants. Retail chains and franchises can create custom-designed retail or restaurant spaces that draw in customers from the busy highway. Healthcare organizations can establish a state-of-the-art clinic or healthcare facility in a highly accessible location. Hotel chains can develop a new hotel to cater to travelers and tourists, benefiting from the high visibility. Educational institutions can build a new campus or training center that offers easy access for students and staff. Municipal or government agencies can develop a public use facility to serve the community effectively. Joint ventures can partner with other investors to maximize the potential of this prime redevelopment site.
Don't miss this exceptional opportunity to shape the future of a highly desirable location. Contact us today to explore the possibilities and schedule a viewing. This is your chance to make a significant impact in a thriving area with unlimited potential.
Details
Property type
Single Family Residence
Lot size
1,576 sq ft
Price per sq ft
$500
Year built
1900
Annual property taxes
$13,698
HOA
No
Price History
08/25/2024
Bright #DCDC2129920
Price change
$1,600,000
-11.11%
02/27/2024
Bright #DCDC2129920
Listed
$1,800,000
Schools & Community
Neighborhood:
Mount Vernon Square
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
School district:
DISTRICT OF COLUMBIA PUBLIC SCHOOLS
Status: Active
Tomo last checked: 11/17/2024 at 4:35 PM
Listing updated: 11/04/2024 at 12:39 PM
Listed by: WAI LUN L LEUNG, Century 21 Redwood Realty Phone #: (202) 506-3674
MLS: Bright #DCDC2129920
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