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.
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
What's special
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