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Off market
  • $975,600

    501-503 Kennedy St NW, Washington, DC 20011

    0beds
    0baths
    --sqft
    Townhouse
    Built in 1928
    4,791 Square Feet Lot
    $975,600 Zestimate®
    $--/sqft
    $4,104 Estimated rent

    Owner options

    List your home for rent

    $4,104/mo

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    $4,104/mo

    Rent Zestimate®

    Refinance and save

    $5,641/mo

    Est. payment

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    $5,641/mo

    Est. payment

    What's special

    INCREDIBLE DEVELOPMENT OPPORTUNITY ON KENNEDY STREET! Two MU-4 lots in an OPPORTUNITY ZONE at 501 and 503 Kennedy St NW with a total of 4632 sq ft lot size, up to 13,896 sq ft allowed above ground, are available in the vibrant and dynamic Kennedy Street corridor. Qualified investments may have all future gain TAX-FREE using the new tax laws; consult your tax advisor. Current sale prices per square foot are $450-550, so do the math-- there is up to $8.5M in revenue possible with this project (not guaranteed). The area is on fire with new development, restaurants, bars and even a grocery store just half a block away. DO NOT MISS THIS OPPORTUNITY to make your mark on the Kennedy Street landscape! Properties sold As-Is and no seller financing will be considered- cash due upon settlement.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 0
    • Bathrooms: 0
    Cooling
    • None

    Property

    Features
    • Exterior features: Brick
    Lot
    • Size: 4,791 sqft
    Details
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: Townhouse
    Condition
    • Year built: 1928

    Community & neighborhood

    Location
    • Region: Washington

    Other

    Other facts
    • SpecialListingConditions: Standard
    • CurrentUse: Restaurant
    • MlsStatus: Active
    • TaxAnnualAmount: 8490.0
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $975,600
    2% more+$19,512
    With Zillow Showcase(estimated)$995,112