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Apartment Washington (United States)by ttr sotheby's international realty
Buy this luxury apartment / penthouse in Washington (United States) - Residential neighborhood with houses and apartments
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ApartmentWashington (United States)
Price :
$1,549,888

Why this property will seduce you

  • Prime Location: Directly facing new Park Morton apartments.
  • Development Potential: RA-3 zoning allows for multifamily.
  • Zoning Flexibility: Building height up to 60 feet.
TOWNHOUSE / MULTI-FAMILY DEVELOPMENT @ PARK MORTON. SELLER FINANCING OR SETTLEMENT UPON ENTITLEMENT AVAILABLE. Prime Residential Development Opportunity Across from the newly-built Park Morton Apartments! This expansive 6,740 SQF flat lot with an existing end-of-row rowhouse presents a rare chance to capitalize on RA-3 zoning, allowing moderate-density residential development. Key zoning highlights include an FAR of 3.0, lot occupancy of 75%, and a building height allowance of up to 60 feet. This property offers versatile options for developers, including (9) townhouse or 2 over 2 condos , a traditional 24-unit multifamily building, or even assisted and senior-living facilities. By-right development provides upwards of 25,520 total square feet (20,220 above grade + 5,055 below grade). Development above (9) units is subject to additional bonuses and covenants required by the IZ+ program overlay. Contact the listing agent for more detailed studies, including a massing study for a 24-unit apartment concept. Renderings and documentation are available for review but are for informational purposes only. Buyers are encouraged to perform their own due diligence with zoning attorneys, architects, and civil engineers.
Advertiser reference : LPNJVQLe Figaro Properties reference : 103278277

Its assets

  • Air conditioning

In detail

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Apartment Washington (United States)

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Christopher Burns

ttr sotheby's international realty
1400 16th St. NW Suite 73020036 Washington (United States) All the listings of this agency

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Do you have a property to sell?

By confirming this form, I agree to the General Usage Terms & Conditions of Figaro Properties.
The data entered into this form is required to allow our partner Sotheby’s International Realty to respond to your contact request by email/SMS concerning this real estate advertisement and, if necessary, to allow Figaro Classifieds and the companies belonging to its parent Group to provide you with the services to which you have subscribed, e.g. creating and managing your account, sending you similar real estate advertisements by email, proposing services and advice related to your real estate project.

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