Bought with Sonya P Estevez • RE/MAX Allegiance
$1,400,000
$1,495,000
6.4%For more information regarding the value of a property, please contact us for a free consultation.
4,768 SqFt
SOLD DATE : 11/22/2023
Key Details
Sold Price $1,400,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 4,768 sqft
Price per Sqft $293
MLS Listing ID DCDC2081156
Sold Date 11/22/23
Originating Board BRIGHT
Year Built 1900
Available Date 2023-01-25
Annual Tax Amount $58,146
Tax Year 2022
Lot Size 1,040 Sqft
Acres 0.02
Property Sub-Type Retail
Property Description
The value is potential development. However, the new buyer can be remolding the existing building. 1st level of prior use was a coin-operated laundromat. The upper 2 levels are 2 apartments.
FAR. The total permitted Floor Area Ratio (“FAR”) is 6.0, up to 2.0 of which can be used for permitted non-residential uses.
The total land area of the Property is 1,040 square feet; accordingly, the total permitted Gross Floor Area (“GFA”) is 6,240 square feet—up to 2,080 square feet which may be dedicated to non-residential uses. If you are subject to IZ, or if you choose to opt-in to the IZ requirements, you are permitted to have a FAR of 7.2, for a total GFA of 7,488 square feet.
Location
State DC
County Washington
Zoning C2C
Interior
Hot Water Natural Gas
Cooling None
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 0340//0058
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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