Exciting Investment Opportunity in Prime Location! This combined listing of 1269 Sumner Rd SE and the adjoining vacant site at 1265 Sumner Rd offers an expansive total lot size of 6,695 sf, presenting an exceptional investment potential. Zoned RA-1, the development potential allows for up to 6,000+/-sf or approximately 8-10 multi-family apartment or condominium units if both sites are combined. The property's advantageous location in the Anacostia/Barry Farms corridor aligns with the DC Master Plan Chapter 18 Far SE/SW Element, with close proximity to the 11th Street Bridge Park and various key destinations. Situated in Opportunity and HUB Zones, and within easy reach of transportation, recreational, and upcoming development hubs, this offering presents a compelling investment prospect with promising future returns. Don't miss out on this rare opportunity!Anacostia Metro Station, 0.2 miles from the Barry Farm Recreation Center, 0.9 miles to the 11th Street Bridge Park under construction, 1 mile to the DHS St Elizabeth's Campus, 1 mile to JBAB, 1.9 miles to Nationals Park, 1.5 miles to Audi Field, 2.3 miles from Southwest Waterfront.
Listed by:
Compass
Source:
BRIGHT MLS
Date | Days Ago | Event | New Price |
---|---|---|---|
Feb 21, 2024 | 10 mos ago | Price decreased199,000 (15%) | $1,100,000 |
Nov 9, 2023 | 1 yr ago | Price decreased201,000 (13%) | $1,299,000 |
Nov 1, 2023 | 1 yr ago | New on market | $1,500,000 |