5508 7TH STREET NW

$2,890,000

5508 7TH STREET NW, WASHINGTON, DC 20011

Sold

MLS ID: DCDC411136

  • 0.19 Acres
  • 2019 BUILT

Property Details

Opportunity Zone qualified vacant lot on the Kennedy Street Corridor! This MU-4 zoned site offers flexibility to build a ground-up commercial, mixed-use or residential building in a rare qualifying Opportunity Zone in NW DC. Owner's conceptual plans provide for a multifamily building of 31 units (0-3 BR) and 28,568 GSF. Located adjacent to trendsetting ANXO Cidery and Tasting Room. A $10MM Kennedy Street Revitalization Plan has recently been completed, and development of 2MM SQF at nearby Art Place at Fort Totten is currently underway. Please contact agent for further details and conceptual plans.

Chris Burns

LISTING AGENT

Amenities

Exterior & Building

  • water Source Public
  • Heat Type None
  • Air Conditioning None
  • sewer Public Sewer
  • Substructure Other

Financial Details

  • Sales Price $2,890,000
  • Zoning MU-4

Area & Lot

  • Status Sold
  • Living Area 28,567 Sq.Ft.
  • Lot Area 0.19 Acres
  • MLS ID DCDC411136
  • Type COMMERCIAL
  • Year Built 2019
  • Water Frontage N
  • School District DISTRICT OF COLUMBIA PUBLIC SCHOOLS

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