Property profile

1107 Delaware Ave SW Washington, DC 20024

FOR SALE
Specialty properties
Property ID
US16-0101137
Built 1952
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Property summary

AI-generated overview

Back on the market! The buyer's financing fell through. Don't hesitate. This is a hot property. Mid-20th Century Church was built in 1950. Located less than 1 block off of M St SW. This location is about to undergo a total "make-over" encompassing almost 10 acres virtually all around this church (see extensive info in attached documents). You can keep this absolutely fine Mid-20th Century building, or you can upgrade by working with the developer for the city. The existing congregation has a different worship tradition and desires to relocate. However, for a progressive-minded ministry seeking to establish itself in a new model neighborhood, this could be the perfect opportunity. Situated on an adjacent or common border to the District of Columbia, the "Greenleaf Community" Redevelopment project. The site is now Zoned RA-1, but the city has published a plan to rezone this site to MU-10. The redevelopment will encompass at least 10 acres, which the city's proposal states will become: "a Model Community, a Green Oasis, an Arts and Cultural Destination, a thriving Town Center." See planning.dc.gov/publication/southwest-neighborhood-plan The new SW Wharf (3.2 million square feet of development) is a short walk to the west, and the site is within 3 to 4 blocks of the Waterfront Metro Station and the Nats Park Metro Station. To the east, the site is a similar distance from the Capital Riverfront and the "Yards," which is part of the Anacostia Waterfront Initiative (AWI), adding millions of square feet of high-quality residential, retail, and office space. And to the south of the site, approximately 5 blocks is Audi Field and the Buzzard Point redevelopment—an awesome Mission Field for an inner-city ministry and congregation. Be sure to review the attached documents. bikeScore: 85, Very Bikeable walkScore: 81, Very Walkable transitScore: 91, Rider's Paradise

Property profile

Verified
Property type Specialty properties
Year built 1952
UPID US16-0101137

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Church

Location

1107 Delaware Ave SW Washington, DC 20024
Washington metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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