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650 Morton Street NW

WASHINGTON, DC 20010
  • $1,999,995
  • STATUS: Active
  • ON SITE: 50 Days
  • ID#: DCDC2164404
Price Reduced
UPDATED: 50 min ago
$1,999,995
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1909
County:

School Ratings & Info

Description

| POTENTIAL OUTSALE OF $8-$10 MILLION | Seller Financing and/or Extended Settlement Available |Prime Residential Development Opportunity Across from the newly-built Park Morton Apartments! This expansive 6,740 SQF flat lot with an existing end-of-row rowhouse presents a rare chance to capitalize on RA-3 zoning, allowing moderate-density residential development. Key zoning highlights include an FAR of 3.0, lot occupancy of 75%, and a building height allowance of up to 60 feet. This property offers versatile options for developers, including townhouse or "2 over 2" condos , a traditional multifamily building, or even assisted and senior-living facilities. By-right development provides upwards of 25,520 total square feet (20,220 above grade + 5,055 below grade). Development above (9) units is subject to additional bonuses and covenants required by the IZ+ program overlay. Contact the listing agent for more detailed studies, including a massing study for a 24-unit apartment concept. Renderings and documentation are available for review but are for informational purposes only. Buyers are encouraged to perform their own due diligence with zoning attorneys, architects, and civil engineers.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Executive. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-12-04T12:53:33.987.
www.jessyoungrealestate.com/homes/156734054
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650 Morton Street NW WASHINGTON, DC 20010

  • Price: $1,999,995
  • Status: Active
  • On Site: 50 Days
  • Updated: 50 min ago
  • ID#: DCDC2164404
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1909
Built
Neighborhood:
Park View
County:
Washington
School District:
District Of Columbia Public Schools
Property Description
| POTENTIAL OUTSALE OF $8-$10 MILLION | Seller Financing and/or Extended Settlement Available |Prime Residential Development Opportunity Across from the newly-built Park Morton Apartments! This expansive 6,740 SQF flat lot with an existing end-of-row rowhouse presents a rare chance to capitalize on RA-3 zoning, allowing moderate-density residential development. Key zoning highlights include an FAR of 3.0, lot occupancy of 75%, and a building height allowance of up to 60 feet. This property offers versatile options for developers, including townhouse or "2 over 2" condos , a traditional multifamily building, or even assisted and senior-living facilities. By-right development provides upwards of 25,520 total square feet (20,220 above grade + 5,055 below grade). Development above (9) units is subject to additional bonuses and covenants required by the IZ+ program overlay. Contact the listing agent for more detailed studies, including a massing study for a 24-unit apartment concept. Renderings and documentation are available for review but are for informational purposes only. Buyers are encouraged to perform their own due diligence with zoning attorneys, architects, and civil engineers.
Exterior Features

Construction Materials Brick Garage YN No Parking Types Parking Lot Soil Types Unknown Water Access YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 0.00 Cooling None Heating Hot Water Heating YN Yes Net Square Feet 25520.00

Property Features

Acceptable Financing CashNegotiableSeller FinancingPrivate Accessibility Features None Central Air YN No Cooling Fuel Electric Foundation Details Slab Heating Fuel Natural Gas Hot Water Natural Gas Navigable Water YN N New Construction YN No Original MLSNumber 803422880116 Ownership Interest Fee Simple Property Sub Type Five Or More Units Sale Type Standard Sewer Public Septic Tax Annual Amount 6979.00 Tax Lot 34 Vacation Rental YN No Water Source Public Zoning RA-3 / IZ+

Listing courtesy of TTR Sotheby's International Realty: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively 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. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Executive. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-12-04T12:53:33.987.
 
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