$1,400,000
$1,495,000
6.4%For more information regarding the value of a property, please contact us for a free consultation.
1017 M ST NW Washington, DC 20001
4,768 SqFt
Key Details
Sold Price $1,400,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 4,768 sqft
Price per Sqft $293
MLS Listing ID DCDC2081156
Sold Date 11/22/23
Originating Board BRIGHT
Year Built 1900
Annual Tax Amount $58,146
Tax Year 2022
Lot Size 1,040 Sqft
Acres 0.02
Property Description
The value is potential development. However, the new buyer can be remolding the existing building. 1st level of prior use was a coin-operated laundromat. The upper 2 levels are 2 apartments.
FAR. The total permitted Floor Area Ratio (“FAR”) is 6.0, up to 2.0 of which can be used for permitted non-residential uses.
The total land area of the Property is 1,040 square feet; accordingly, the total permitted Gross Floor Area (“GFA”) is 6,240 square feet—up to 2,080 square feet which may be dedicated to non-residential uses. If you are subject to IZ, or if you choose to opt-in to the IZ requirements, you are permitted to have a FAR of 7.2, for a total GFA of 7,488 square feet.
Location
State DC
County Washington
Zoning C2C
Interior
Hot Water Natural Gas
Cooling None
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type On Street
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 0340//0058
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Sonya P Estevez • RE/MAX Allegiance
