301 New York AveWashington, DC 20001

Property Details for 301 New York Ave

Year built

1987

Construction

BRICK

Lot size

1.28 AC

Property size (Sq ft)

45,879 SF

Zone code

PDR-1

Property type

Industrial properties

Property subtype

Other warehouses

APN

3587 0002

APU

35870002

Description

This exceptional 3,205-square-foot commercial property, situated on a 0.04-acre lot at 301 New York Avenue NW in Washington, D.C. (zip code 20001), presents a unique investment opportunity for developers and visionaries. Currently configured as a two-unit building, the property is ripe for redevelopment. Its prime location near I-395 offers unparalleled visibility and accessibility, making it ideal for a variety of uses. The existing structure requires significant renovation or demolition, providing a blank canvas for ambitious projects. The versatile layout and generous lot size allow for extensive redevelopment options, including the construction of multi-story buildings or expanded commercial facilities. This property is perfect for those seeking to capitalize on its high-traffic location and create a modern, multi-use complex. The net rentable area is 3,205 square feet, and the property is offered for sale at $1,600,000 with a net lease type. This is a chance to create a high-demand property in a thriving area with significant potential for increased value through strategic renovations or a complete rebuild. The property's location offers easy access to major transportation routes, ensuring high visibility and convenient access for potential tenants and customers. This is an owner/user investment opportunity with significant upside potential.

• Alternative Use

  Use

  Valuation

  Residential

  $13,571,154

  Hospitality

  $12,431,104

  Educational

  $10,342,533

  Medical

  $10,698,228

  Retail

  $16,088,384

Location Insight

City

Washington

County

District Of Columbia

State

DC

Latitude

38.9102

Longitude

-76.9999

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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