7700 Georgia Ave Nw, WASHINGTON, 20012

Commercial Sale - Five Or More Units For Sale in SHEPHERD PARK

$16,000,000

Beds
Baths
25,599Sqft
.17Acres
2021Built
191DOM
MLS® #: DCDC512510
Active, 191 Days on Market

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.

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Essential Information

MLS® #: DCDC512510
Price: $16,000,000
Condo Coop Fee: $0
Bathrooms: 0.00
Square Footage: 25,599
Acres: 0.17
Year Built: 2021
Type: Commercial Sale
Sub-Type: Five Or More Units
Status: Active
Taxes: $26,136
Tax Year: 2020

Community Information

Address: 7700 Georgia Ave Nw
Subdivision: SHEPHERD PARK
County: WASHINGTON-DC
State: DC
Zip Code: 20012

Amenities

Parking: Lighted Parking, Handicap Parking, Private, Surface
View: City, Street

Interior

Heating: Central
Cooling: Central A/C, Heat Pump(s)
# of Stories: 5

Exterior

Exterior: Combination, Concrete/Block, Frame
Roof: Concrete, Other

School Information

District: DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Additional Information

Listing Office: TTR Sotheby's International Realty
Date Listed: March 17th, 2021
Days on Market: 191
Zoning: MU-4

Financials

$/SqFt: $625

The listing content relating to real estate for sale on this web site is courtesy of MRIS. Listing information comes from various brokers who participate in the MRIS IDX.Properties listed with brokerage firms other than TTR Sotheby's International Realty are marked with the MRIS Logo and detailed information about them includes the name of the listing brokers.The properties displayed may not be all the properties available. All information provided is deemed reliable but is not guaranteed and should be independently verified.All listing information copyright MRIS 2021.

Listing information last updated on September 23rd, 2021 at 11:06am EDT.