Property Highlights

Commercially zoned vacant lot
Potential for 6-unit building
No chimney setback issues
Curb cut already in place
Schematic design phase paid
No adjoining properties on sides

Overview

For an Investor/Builder/Developer or house hacking primary residence owner. Build this potential 6 unit and sell as condos or don't subdivide it and create a 6 unit apartment. Or live in one and rent / AirBnB the others. This commercially zoned vacant lot is perfect for a by right project as it helps avoid so many of the complexities associated with adding to DC's housing stock. --No chimney setback issues --No adjoining property on either side that would cause 10' rule --The previous structure was already demolished eliminating that risk and cost --There's no required lengthy underpinning of adjoining structures --The property already has a curb cut. --Schematic Design phase with Cross Design Group already paid for. --New structure would still not connect to neighboring structures on either side. The architecture firm has determined there's a total buildable square footage of 5,184sf if you go for the IZ bonus. Please see the prospective pro forma in the photos that is made in accordance with the buildable square footage and uses a cost of construction equal to $225 per sf. The property is fenced off for safety so please view property at your own risk.

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