MIX USE RETAIL & APARTMENT BUILDING -Land for sale. Already zoned for a retail store and 3 apartments above. Located blocks from metro station and only 1/2 Block from DC Line. This sale comes with the land and architectural plans only plus supporting documents of flood exemption letter, boundary and topography surveys done, perc and soil testing done, plus all utilities already available and at site, public water and sewer, electricity and gas applications are done. Just need to apply for building permit next and seller can help with that. No guess work here, zoning is already approved for a retail store and apartment building and utilities are already at /near the site. Once completed, this building can generate up to $13,000 dollars per month in revenue or re-sell for upwards of $1,100,000 plus. Construction costs are estimated at $450,000 dollars, leaving over $400,000 in equity in this project for a great flip. This is a great buy and hold or fix and flip project. Zoning Approval Documents attached.
Courtesy of: Samson Properties Listing information provided courtesy of the Bright MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 17th August, 2022 10:52 PM (UTC)
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