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Listed by Ken Noroozi • Vantage Commercial Realty & Management
$ 1,200,000
Est. payment /mo
New
1240 PENNSYLVANIA AVE SE Washington, DC 20003
1,173 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID DCDC2233530
Year Built 1900
Annual Tax Amount $16,032
Tax Year 2025
Lot Size 1,173 Sqft
Property Sub-Type Retail
Source BRIGHT
Property Description
Discover a prime investment opportunity with this historic brick commercial property, built in 1900, offering immense potential for appreciation and income generation. Strategically located in a vibrant area, this property boasts a solid brick front, ensuring durability and low maintenance costs. With no association fees and flexible zoning, the possibilities are endless-consider retail, office space, or mixed-use development. The property's on-street parking enhances accessibility, attracting foot traffic and potential tenants. Investors will appreciate the potential for rental income, with the local market showing consistent demand for commercial spaces. The property's age adds character and charm, appealing to businesses looking for unique spaces. Seize this chance to capitalize on a growing market and secure a valuable asset that promises both immediate returns and long-term growth. Don't miss out on this exceptional opportunity to enhance your investment portfolio!
Location
State DC
County Washington
Zoning MU-4/CHC
Interior
Hot Water Electric
Heating Forced Air
Cooling Central A/C
Heat Source Central
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 1019//0017
Ownership Fee Simple
Special Listing Condition Standard
