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ImagesAll Photos
Sale
Duplex
Washington, City of Washington, District of Columbia
Total Area
1,960 undefined
Property Ref
LPNJVQ
Price
$ 1,399,900
Description

650-652 Morton Street NW, Washington, DC, 20010

TOWNHOUSE / MULTI-FAMILY DEVELOPMENT @ PARK MORTON. SELLER FINANCING OR SETTLEMENT UPON ENTITLEMENT 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 (9) townhouse or "2 over 2" condos , a traditional 24-unit 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.
Features & Amenities
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Finished
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Slab Foundation
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No A/C
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Septic
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Municipal Water
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QC Approved Listing
Disclaimer: Please note that all sizes listed are approximate and based on documentation provided at the time of listing the property. Exact unit/plot sizes may vary from what is presented above.
Location
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DIFC Showroom
DIFC Showroom
Listed Office
Dubai Sotheby's International Realty
EMAAR Business Park, Building 4, Office G-05,
Sheikh Zayed Rd. Dubai, United Arab Emirates
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