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7700 Georgia Ave NwWashington, DC 20012MLS Number DCDC512510

  • Price: $16,000,000
  • 223 Days on Market
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Federal 30-year interest rate: 3.09% last updated on Oct 21, 2021
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  • 0.17Acreage
  • 2021Year Built
  • DowntownLocationType
  • 625Price Per Square Foot
Delivering late summer, 2021. Located between the new Walter Reed Development and downtown Silver Spring, the 32 units brand new construction SEVEN700 is minutes from both Silver Spring and Takoma Metro stations and positioned to provide the desired commuter renter base as cash flow investment property. Top-tier finishes, balconies, and views of Washington DC with the convenience of being located right at a bus stop make this an excellent choice for your renters. Walk to all the shops, parks, and restaurants North DC and Silver Spring has to offer or experience DC in only a 10-minute drive. Two Whole Foods and multiple Starbucks in the vicinity signals the continued development of this new neighborhood in Shepherd Park. Contact us for the ROI study. This building will rent itself out in no time and provide an annual rent raise with little to no vacancies for years to come. Hard hat tours available to qualified investors providing proof of funds. **Some units are available as IZ units when we list them as individual units. Pursuant to the District of Columbia Inclusionary Zoning program, income-restricted units are available at this development. Please contact the Department of Housing and Community Development at www.dhcd.dc.gov regarding the availability of such units and requirements for registration in the Inclusionary Zoning program.
Listed by David H Park and Stephen Donahoe, TTR Sotheby's International Realty

Driving Directions

Yeonas & Shafran Real Estate, LLC
Yeonas & Shafran Real Estate, LLC
Office: 703-790-3330
1309 Vincent Pl
McLean, VA 22101

More Info

Basic Information

  • Broker NameTTR Sotheby's International Realty
  • List Price$16,000,000
  • LocationTypeDowntown
  • MLS NumberDCDC512510
  • MLS Property TypeCommercial Sale
  • Price Per Square Foot625
  • StatusACT
  • Units32
  • Vacation Rental YNN

Property

  • Acreage0.17
  • Business TypeApartment Building, Banquet Facility/Lodge, Institutional, Other
  • Lot Size SourceAssessor
  • Lot Size Square Feet7,512
  • New Construction YNY
  • Property ConditionExcellent
  • Property SubTypeFive Or More Units
  • Road ResponsibilityCity/County
  • Road Surface TypeBlack Top
  • ZoningMU-4
  • Zoning DescriptionThe Mixed-Use (MU) zones: commercial, institutional, and multiple dwelling unit residential developments at varying densities.

Utilities

  • Central Air YNY
  • CoolingCentral A/C, Heat Pump(s)
  • Cooling FuelElectric
  • Heat SystemCentral
  • Heating FuelElectric
  • Heating YNY
  • SewerPublic Sewer
  • Water Heater60+ Gallon Tank
  • Water SourcePublic

Tax Information

  • Assessment Year2020
  • City Town Tax26136
  • City Town Tax Payment FrequencyAnnually
  • Tax Assessment Amount2988720
  • Tax Lot37
  • Tax Year2020
  • Taxes$26,136
  • Total Taxes Payment FrequencyAnnually

Building

  • Builder NameJAP Construction
  • Building Area SourceEstimated
  • Building Area Total25599
  • Building NameNONE AVAILABLE
  • Building PermitsOn Hand
  • Construction Completed YNN
  • Construction MaterialsCombination, Concrete, Cement Siding, Frame, Mixed, Other
  • Elevators2
  • Entry Level2
  • Garage Spaces
  • Num Attached Garage Spaces
  • Num Detached Garage Spaces
  • Stories5
  • Total Garage And Parking Spaces9
  • Year Built2021

Water Body

  • Tidal Water YNN
  • Water AccessN
  • Water View YNN
  • WaterfrontN

Parking

  • Assigned Parking Spaces
  • Parking FeaturesLighted Parking, Handicap Parking, Private, Surface
  • Parking TypesParking Lot, Driveway

Basic Information

  • Date Listed03/17/2021

Location

  • Address7700 Georgia Ave Nw
  • Building Number7700
  • CountyWashington
  • Cross StreetJuniper St
  • DirectionsDrive on Georgia ave, northward from downtown DC. Once you pass Walter Reed Development, we are on the left side, past Juniper Street.
  • In City Limits YNY
  • StateDC
  • SubdivisionShepherd Park
  • TownWashington
  • Water Oriented YNN
  • Zip20012

Interior

  • Clear Span Ceiling Height8' to 10'
  • FlooringWood, Laminated, Concrete, Other

Exterior

  • RoofConcrete, Other

Amenities

  • Accessibility AmenitiesNone

Other

  • ExclusionsAny staging furniture and items.
  • Sale or LeaseN
  • Soil TypesUrban Land-Sassafras-Chillum

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Copyright 2021 BRIGHT, All Rights Reserved.  Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Yeonas & Shafran Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Data last updated October 25, 2021. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

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