301 New York Avenue NW Washington, DC 20001
Listing Courtesy of: BRIGHT IDX / Century 21 Redwood Realty / Danny Leung / CENTURY 21 Redwood Realty / Sue Chong

  301 New York Avenue NW Washington, DC 20001

Active (283 Days)
$1,600,000
4
BED
3
BATH
3,205
SQFT

Description

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.

MLS #:
DCDC2129920
Taxes
$13,698(2019)
Lot Size
1,576 SQFT
Type
Single-Family Home
Year Built
1900
Style
Traditional
School District
District of Columbia Public Schools

Listed By

Danny Leung, Century 21 Redwood Realty
Sue Chong, CENTURY 21 Redwood Realty
Source
BRIGHT IDX
Last checked Dec 5 2024 at 9:42 AM GMT-0500
Bathroom Details
  • Full Bathroom: 1
  • Half Bathrooms: 2
Subdivision
  • Noma
Property Features
  • Below Grade
  • Above Grade
  • Foundation: Concrete Perimeter
Heating and Cooling
  • Central
  • Window Unit(s)
Basement Information
  • Fully Finished
Exterior Features
  • Brick
Utility Information
  • Sewer: Public Sewer
  • Fuel: Natural Gas
Stories
  • 3
Living Area
  • 3,205 sqft
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Aug 25, 2024
Price Changed
$1,600,000
-11%
-200,000

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
%
Mortgage calculator estimates are provided by C21 Redwood Realty and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Copyright 2024 Bright MLS IDX. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 12/5/24 01:42