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Bruce Pl SE 0.83 Acres of Commercial Land Offered at $887,679 CAD in Washington, DC 20020
Investment Highlights
- Short Sale
- Residential Apartment Zoned Expansive 0.83 Acre Lot
- Feasibility Documentation Available
- Perfect of an Apartment
- Estimated Unit Potential: Based on the zoning, potential for approximately 70+ multifamily units. 75,380 sqft Building
Executive Summary
Presenting a premier residential development site at Bruce Pl, Washington, DC. This 0.83-acre parcel has been aggressively repriced to $750,000 to ensure an immediate sale.
Investment Highlights:
• Development Flexibility: RA-2 zoning permits a variety of residential uses, including multi-family apartment buildings.
• Strategic Size: One of the larger undeveloped residential parcels remaining in the area.
• Market Context: Located in a high-growth zone with increasing residential density and nearby revitalization projects.
Property Facts
1 Lot Available
Lot 849
| Price | $887,679 CAD | Lot Size | 0.83 AC |
| Price Per AC | $1,070,782.83 CAD |
| Price | $887,679 CAD |
| Price Per AC | $1,070,782.83 CAD |
| Lot Size | 0.83 AC |
RA-2 zoning also permits compatible institutional and semi-public buildings, expanding development possibilities *** Essential Utilities: Water and sewer connections are readily available within 50 feet, streamlining the development process.
Description
Short Sale. Bruce Place SE Washington DC 20020 Prime Development Opportunity: Residential Apartment Zoned Expansive 0.83 Acre Lot in Rapidly Developing Southeast DC Unlock the potential of this exceptional 0.83-acre (36,117 sq ft) parcel located on Bruce Place SE, Washington DC 20020. This rare, substantial lot, zoned RA-2, presents a compelling development opportunity in a burgeoning Southeast DC neighborhood. Key Features & Benefits: **** Estimated Unit Potential: Based on the zoning, potential for approximately 70+ multifamily units. 75,380 sqft Building * Significant Development Potential: The RA-2 zoning allows for moderate-density development, including detached dwellings, rowhouses, and low-rise apartments. With a minimum lot area requirement of 1,800 sq ft (Bruce pl lot size 36,117 sqft), this expansive parcel offers ample space for creative development.
Property Taxes
| Parcel Number | 5876-0849 | Improvements Assessment | $0 CAD |
| Land Assessment | $1,011,443 CAD | Total Assessment | $1,011,443 CAD |
Property Taxes
Presented by
Bruce Pl SE
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