Bruce Pl Washington, DC 20020
- Land
- 0.83 lot acres
Current Use by Public Records
- Land
Property Details for 0 Bruce Pl
- Lot size
- 0.83 lot acres
- Property type
- Land
Description
This exceptional .83-acre commercial land parcel, located at Bruce Place SE in Washington, DC's Barry Farms neighborhood (zip code 20020), presents a compelling redevelopment opportunity. Currently zoned RA-1, this property allows for a 0.9 Floor Area Ratio (FAR), enabling the construction of approximately 32,505 square feet of residential space. Plans permit the development of up to 40 multifamily units, capitalizing on the significant revitalization underway in Barry Farms. This comprehensive redevelopment initiative includes new housing, retail spaces, community amenities, and green areas, promising substantial future growth and value appreciation. The property benefits from its strategic location in Southeast Washington, DC, offering convenient access to major transportation arteries including the Yellow Line Metro station, and the 495 and 295 Beltways. Proximity to downtown, Joint Base Anacostia-Bolling, Navy Yard, Nationals Park, Saint Elizabeths Hospital, and National Harbor further enhances its appeal. This site is situated near substantial new commercial and residential developments, reflecting the area's ongoing transformation. The property's location within an Opportunity Zone provides an attractive tax incentive for investors. This is a rare chance to invest in a rapidly developing area with excellent connectivity and high potential for return. The asking price for this exceptional development opportunity is $1,149,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Washington
- County
- District of Columbia
- State
- DC
- Longitude
- -76.978
- Latitude
- 38.8514
