Shovel Ready, Prime Development Opportunity: 1361 Florida Ave NE, Washington, DC 20002Seize the chance to acquire a fully permitted and shovel-ready 7-unit apartment development project in the vibrant Trinidad neighborhood. Priced at $1.2 million, this property comes with approved plans, allowing developers to commence construction promptly.Property Highlights:- Address: 1361 Florida Ave NE, Washington, DC 20002- Zoning: Commercial- Approved Development: 7 residential units- Projected Unit Sale Prices: $400,000 to $550,000 per unitLocation Advantages:Situated in the heart of Trinidad, this property offers unparalleled access to Washington, D.C's dynamic urban lifestyle. Residents will benefit from proximity to:- Transportation: Multiple bus routes and easy access to major thoroughfares- Amenities: A diverse array of dining, shopping, and entertainment options- Recreation: Nearby parks and cultural attractionsInvestment Potential:The Trinidad neighborhood has experienced significant appreciation, with comparable units selling within the projected price range. This development promises a substantial return on investment, capitalizing on the area's growth and demand for quality housing.Next Steps:With plans and permits in place, this project is primed for immediate development. Developers can expedite the construction process, meeting the market's demand efficiently.Don't miss this exceptional opportunity to invest in one of Washington, D.C's most promising neighborhoods. For detailed plans, and financial projections, or to schedule a site visit, please contact us.
Shovel Ready, Prime Development Opportunity: 1361 Florida Ave NE, Washington, DC 20002Seize the chance to acquire a fully permitted and shovel-ready 7-unit apartment development project in the vibrant Trinidad neighborhood. Priced at $1.2 million, this property comes with approved plans, allowing developers to commence construction promptly.Property Highlights:- Address: 1361 Florida Ave NE, Washington, DC 20002- Zoning: Commercial- Approved Development: 7 residential units- Projected Unit Sale Prices: $400,000 to $550,000 per unitLocation Advantages:Situated in the heart of Trinidad, this property offers unparalleled access to Washington, D.C's dynamic urban lifestyle. Residents will benefit from proximity to:- Transportation: Multiple bus routes and easy access to major thoroughfares- Amenities: A diverse array of dining, shopping, and entertainment options- Recreation: Nearby parks and cultural attractionsInvestment Potential:The Trinidad neighborhood has experienced significant appreciation, with comparable units selling within the projected price range. This development promises a substantial return on investment, capitalizing on the area's growth and demand for quality housing.Next Steps:With plans and permits in place, this project is primed for immediate development. Developers can expedite the construction process, meeting the market's demand efficiently.Don't miss this exceptional opportunity to invest in one of Washington, D.C's most promising neighborhoods. For detailed plans, and financial projections, or to schedule a site visit, please contact us.
Neighborhood
Type
Total Baths
1/2 Baths
County
Washington
Tax Amount
$14,054
Status
Active
Listing #
DCDC2184908
Built
1921
Lot Size
0.04
Listed on site
11 days
Listing Agent Id
1700003495518
Co Listing Agent Id
304634868478