Property

Washington, DC 20002 1361 Florida Avenue NE

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Presented By: Keller Williams Capital Properties
  • MLS# DCDC2184872
  • 02/11/2025
  • Request Tour
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  • SQFT • 1,968

Home Details

Shovel Ready, Prime Development Opportunity: 1361 Florida Ave NE, Washington, DC 20002 Seize 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 unit Location 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 attractions Investment 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.
Presented By: Keller Williams Capital Properties

Interior Features for 1361 Florida Avenue NE

Other Interior Features

Central Air Y/NYes
Heating FuelNatural Gas
Heating Y/NYes
Hot Water60+ Gallon Tank

General for 1361 Florida Avenue NE

Acceptable FinancingCash, Conventional, Private
Accessibility2+ Access Exits
Business TypeApartment Building
CityWASHINGTON
Construction MaterialsBrick
Cool FuelNone
CoolingCentral A/C
CountyWASHINGTON
DirectionsTurn onto Florida Ave
Heating90% Forced Air
Legal SubdivisionOld City 1
Lot Size Square Feet1662.00
Lot Size UnitsSquare Feet
ModificationTimestamp2025-02-11T16:42:42
New ConstructionNo
Number Of Units Total1
OwnershipFee Simple
Possession0-30 Days CD
Price Per Sq Ft Total AG961.54
Property SubtypeMixed Use
Property TypeCommercial Sale
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Tax Annual Amount14054.0
Tax Assessed Value851780.0
Tax Lot141
Tax Year2023
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1921
Year Built SourceEstimated
ZoningRA-2

Exterior for 1361 Florida Avenue NE

Building Area Total1248.00
Car Parking Spaces
Foundation DetailsBlock
Land Assessed Value522650.00
Land Use Code
Lot Size Acres0.04
Lot Size SourceEstimated
Navigable Water Y/NNo
Soil TypesUnknown
Total Loading Docks0
Total Parking Spaces0
Type of ParkingDriveway
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Ebonie Clerier

Associate
Price $1,199,999
MLS#DCDC2184872
List Date 02/11/2025
Property Type Commercial
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