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3024-3028 Bladensburg Road NE

WASHINGTON, DC 20018
  • $2,800,000
  • STATUS: Active
  • ON SITE: 4 Days
  • ID#: DCDC2055684
$2,800,000
  • 0
    BEDS
  • 0.65
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Vacant Land / Lots
County:

School Ratings & Info

Description

28,191 SF REDEVELOPMENT SITE +GG Prime Development Site with potential for 56,000 sf to 117,600 sf (with re-zoning). Currently being used as parking lot, the site is prime for several potential uses including: public storage, parking, multi family housing, affordable housing, senior affordable housing , retail and medical offices. Bladensburg Road is ripe for development as property values in neighboring areas rise and developers/businesses seek new locations. As project in Ivy City and H Street continue to take shape, lower income individuals and families find themselves moving east, leading to a higher demand for affordable housing there and increasing pressure for higher density development. Douglas Development+GGs New City development is looking to bring 352,909 square feet of entertainment, hotel, residential and retail space a six-minute drive down Bladensburg Road NE, showing DC+GGs general eastward redevelopment pattern. As per the architecture firm Torti Gallas, which was engaged to provide the owner a massing study in September 2020, there is 56,000 sf FAR of as-of-right development potential, and up to 117,600 sf (4.2 FAR) once re-zoned to MU-5 (as projected by the DC Future Land Use Map which shows future uses to be a mix of Medium Density Residential and Moderate Density Commercial).The site is a 20-minute drive to Union Station (via Ivy City, NoMa and Union Market) and is short drive to the National Arboretum, the Shops at Dakota Crossing and the Maryland/DC line. Located on Bladensburg Road NE, the site is on the B2 and H6 bus lines, providing access to Downtown DC and other major destinations. Several carry-out restaurants, service retailers and shops are located on Bladensburg Rd. A Good Food Grocery store is also located less than a mile away, and a MOM's Organic Market and Giant Foods are also within reach.

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Flagship of Maryland. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-06-27T23:50:11.8.
www.bevlangley.com/homes/130154102
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3024-3028 Bladensburg Road NE WASHINGTON, DC 20018

  • Price: $2,800,000
  • Status: Active
  • On Site: 4 Days
  • ID#: DCDC2055684
0
Beds
0
Baths
0
½ Baths
0.65
Acres
County:
Washington
School District:
District Of Columbia Public Schools
Property Description
28,191 SF REDEVELOPMENT SITE +GG Prime Development Site with potential for 56,000 sf to 117,600 sf (with re-zoning). Currently being used as parking lot, the site is prime for several potential uses including: public storage, parking, multi family housing, affordable housing, senior affordable housing , retail and medical offices. Bladensburg Road is ripe for development as property values in neighboring areas rise and developers/businesses seek new locations. As project in Ivy City and H Street continue to take shape, lower income individuals and families find themselves moving east, leading to a higher demand for affordable housing there and increasing pressure for higher density development. Douglas Development+GGs New City development is looking to bring 352,909 square feet of entertainment, hotel, residential and retail space a six-minute drive down Bladensburg Road NE, showing DC+GGs general eastward redevelopment pattern. As per the architecture firm Torti Gallas, which was engaged to provide the owner a massing study in September 2020, there is 56,000 sf FAR of as-of-right development potential, and up to 117,600 sf (4.2 FAR) once re-zoned to MU-5 (as projected by the DC Future Land Use Map which shows future uses to be a mix of Medium Density Residential and Moderate Density Commercial).The site is a 20-minute drive to Union Station (via Ivy City, NoMa and Union Market) and is short drive to the National Arboretum, the Shops at Dakota Crossing and the Maryland/DC line. Located on Bladensburg Road NE, the site is on the B2 and H6 bus lines, providing access to Downtown DC and other major destinations. Several carry-out restaurants, service retailers and shops are located on Bladensburg Rd. A Good Food Grocery store is also located less than a mile away, and a MOM's Organic Market and Giant Foods are also within reach.
Exterior Features

Garage YN No Location Type Corner Lot/Unit Riparian Rights YN No Soil Types Urban Land Not Rated Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Property Features

Acceptable Financing CashConventionalBank Portfolio Assessment Year 2021 Association YN No Central Air YN No Condo YN No Construction Completed YN No Current Use ParkingVacant Federal Flood Zone YN No Historic YN No Horse YN No Navigable Water YN N Original MLSNumber 801671206766 Ownership Interest Fee Simple Possession 31-60 Days CdImmediate Property Sub Type Land Sale Type Standard Sewer Public Sewer Tax Annual Amount 0.00 Tax Assessment Amount 2520650.00 Tax Lot 79 Vacation Rental YN No Water Source Public Zoning Pdr1

Listing courtesy of Coldwell Banker Realty.


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Flagship of Maryland. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-06-27T23:50:11.8.
 
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