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    2510 Sheridan Rd Washington, DC 20020

    Sponsored
    For Sale
    $3,900,000

    24,906 SF Residential Land, $3.9M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 24,906 square foot land portfolio, encompassing four parcels (APN: 5869-000-0940, 5869-0000-1106, 5869-0000-1099, 5869-0000-1026), is located at 2510-2514 Sheridan Road SE & Howard Road SE, Washington, DC 20020. Zoned MU-4 and RA-1, this property presents significant development potential. Its location within Opportunity and HUB Zones, as well as a Qualified Census Tract, offers substantial advantages. The site benefits from by-right development potential and the possibility of upzoning, aligning with the Mayor's initiatives for Ward 7 & 8 and affordable housing goals. Proximity to public transportation adds further appeal. This prime location offers significant long-term upside potential for investors seeking to capitalize on the area's growth trajectory. The asking price is $3,900,000. This is a rare opportunity to acquire a substantial land parcel in a rapidly developing area of Washington, D.C. The property's strategic location and zoning make it ideal for a variety of residential development projects.

    Property Features for 2510 Sheridan Rd

    General Information

    Property type
    Land

    HighLights

    • Opportunity Zone/Qualified Census Tract designation.
    • By‑right development allows immediate construction.
    • Upzoning potential for increased density and value.
    • Strong political support for Ward 7 & 8 development and affordable housing initiatives.
    • Excellent mass transit access via nearby Metro.
    • Prime location poised for significant long‑term appreciation.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Washington
    County
    District Of Columbia
    State
    District of Columbia
    Longitude
    -76.9929677
    Latitude
    38.8591808

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    FAQs

    What type of property is this?
    Land - 24,906 SF Residential Land, $3.9M
    Where is this land located?
    The property is located at 2510 Sheridan Rd Washington, DC.
    What is the asking price?
    The asking price for this property is $3,900,000.
    What are key features of this property?
    This property features: Opportunity Zone/Qualified Census Tract designation.; By-right development allows immediate construction.; Upzoning potential for increased density and value.
    Request Owner's contact information
    2510 Sheridan Rd Washington, DC 20020
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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
    2510 Sheridan Rd Washington, DC 20020
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