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Tamika R. Johnson

tamika@tamikajohnson-realtor.com +1(240) 602-4348

$ 1,199,999

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1361 FLORIDA AVE NE Washington, DC 20002

1,248 SqFt

UPDATED:

02/11/2025 08:42 PM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 1,248 sqft

Price per Sqft $961

MLS Listing ID DCDC2184872

Originating Board BRIGHT

Year Built 1921

Annual Tax Amount $14,054

Tax Year 2023

Lot Size 1,662 Sqft

Acres 0.04

Property Sub-Type Mixed Use

Property Description

Shovel Ready, Prime Development Opportunity: 1361 Florida Ave NE, Washington, DC 20002

Seize the chance to acquire a fully permitted and shovel-ready 7-unit apartment development project in the vibrant Trinidad neighborhood. Priced at $1.2 million, this property comes with approved plans, allowing developers to commence construction promptly.

Property Highlights:

- Address: 1361 Florida Ave NE, Washington, DC 20002

- Zoning: Commercial

- Approved Development: 7 residential units

- Projected Unit Sale Prices: $400,000 to $550,000 per unit

Location Advantages:

Situated in the heart of Trinidad, this property offers unparalleled access to Washington, D.C's dynamic urban lifestyle. Residents will benefit from proximity to:

- Transportation: Multiple bus routes and easy access to major thoroughfares

- Amenities: A diverse array of dining, shopping, and entertainment options

- Recreation: Nearby parks and cultural attractions

Investment Potential:

The Trinidad neighborhood has experienced significant appreciation, with comparable units selling within the projected price range. This development promises a substantial return on investment, capitalizing on the area's growth and demand for quality housing.

Next Steps:

With plans and permits in place, this project is primed for immediate development. Developers can expedite the construction process, meeting the market's demand efficiently.

Don't miss this exceptional opportunity to invest in one of Washington, D.C's most promising neighborhoods. For detailed plans, and financial projections, or to schedule a site visit, please contact us.

Location

State DC

County Washington

Zoning RA-2

Interior

Hot Water 60+ Gallon Tank

Cooling Central A/C

Heat Source Natural Gas

Exterior

Water Access N

Accessibility 2+ Access Exits

Garage N

Building

Foundation Block

Sewer Public Sewer

Water Public

New Construction N

Schools

School District District Of Columbia Public Schools

Others

Tax ID 1026//0141

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Cash, Conventional, Private

Listing Terms Cash, Conventional, Private

Financing Cash,Conventional,Private

Special Listing Condition Standard

Listed by zakariya Mohamed hassan • Keller Williams Capital Properties

Tamika R. Johnson

Broker Associate | License ID: 607079

+1(240) 602-4348

Tamika R. Johnson

1361 FLORIDA AVE NE Washington, DC 20002

Key Details

Location

Interior

Exterior

Building

Schools

Others

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1361 FLORIDA AVE NE