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    1703 Bladensburg Rd Washington, DC 20002

    Sponsored
    For Sale
    $3,250,000

    21,835 SF lot, PDR-1 zoning, $3.25M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 21,835 square foot industrial land parcel presents a unique investment opportunity in Washington, D.C. Located at 1703 Bladensburg Road NE, this fee simple property boasts over 200 feet of frontage on Bladensburg Road NE, providing excellent visibility and accessibility. The property is zoned PDR-1, offering a wide range of development possibilities. Convenient rear alley access enhances logistical efficiency. Its strategic location in Northeast Washington, D.C. provides easy access to major transportation arteries, including I-495 and I-295, facilitating seamless connectivity to Maryland and downtown D.C. Currently leased month-to-month, this property offers immediate cash flow to offset holding costs while development plans are finalized. This is one of two available lots exceeding 20,000 square feet in this area, situated immediately south of the New City DC Development project, indicating significant potential for future appreciation. The property's size and zoning make it ideal for a variety of industrial uses, representing a compelling investment opportunity in a rapidly developing area. The asking price is $3,250,000.

    Property Features for 1703 Bladensburg Rd

    General Information

    Property type
    Land

    HighLights

    • $3,250,000 asking price.
    • 21,835 square foot industrial land parcel.
    • Fee simple ownership.
    • PDR‑1 zoning.
    • Located at 1703 Bladensburg Rd NE, Washington, DC 20002.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Washington
    County
    District Of Columbia
    State
    District of Columbia
    Longitude
    -76.9758499
    Latitude
    38.9128324

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    FAQs

    What type of property is this?
    Land - 21,835 SF lot, PDR-1 zoning, $3.25M
    Where is this land located?
    The property is located at 1703 Bladensburg Rd Washington, DC.
    What is the asking price?
    The asking price for this property is $3,250,000.
    What are key features of this property?
    This property features: $3,250,000 asking price.; 21,835 square foot industrial land parcel.; Fee simple ownership.
    Request Owner's contact information
    1703 Bladensburg Rd Washington, DC 20002
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    Washington, DC 20002
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1703 Bladensburg Rd Washington, DC 20002
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