Views - New Construction
Address
7700 Georgia Avenue NW Washington, DC
Price
$ 16,000,000
Property Attributes
  • MLS#DCDC512510
  • TypeCommercial
  • CountyWASHINGTON
  • CityWashington
  • NeighborhoodShepherd Park
  • Zip20012
  • StyleApartment Building,Banquet Facility/Lodge,Institut
  • Year Built2021
  • Taxes$ 26136
  • Price$ 16,000,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage25599
  • Lot Size7,405 SqFt
Listing Provided Courtesy Of:
TTR Sotheby's International Realty
Data Source:
Bright MLS - 382 - MD
Property Description

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.

Price History
3/17/2021 Listed $16,000,000

General Features

Acceptable Financing Cash, Other, Negotiable
Accessibility None
Building Name NONE AVAILABLE
Business Type Apartment Building, Banquet Facility/Lodge, Institutional, Other
Construction Completed Y/N No
Construction Materials Combination, Concrete, Cement Siding, Frame, Mixed, Other
Cool Fuel Electric
Cooling Central A/C, Heat Pump(s)
County WASHINGTON
Days on Market 215
Exclusions Any staging furniture and items.
Flooring Wood, Laminated, Concrete, Other
Heating Central
Legal Subdivision SHEPHERD PARK
Location Type Downtown
New Construction Yes
Ownership Fee Simple
Possession Negotiable, Settlement
Price Per Sq Ft 625.02
Property SubType Five Or More Units
Property Type Commercial Sale
Property Use Investment
PropertyCondition Excellent
Roof Concrete, Other
Sewer Public Sewer
Subdivision Name SHEPHERD PARK
Tax Annual Amount 26136.0
Tax Lot 37
Tax Year 2020
Total Units 32
Vacation Rental Y/N No
View City, Street
Water Access Y/N No
Zoning MU-4
Zoning Description The Mixed-Use (MU) zones: commercial, institutional, and multiple dwelling unit residential developments at varying densities.

Interior Features

Central Air Y/N Yes
Clear Span Ceiling Height 8' to 10'
Entry Level 2
Heating Fuel Electric
Heating Y/N Yes
Hot Water 60+ Gallon Tank
Number of Elevators 2

Exterior Features

Building Area Total 25599.00
Car Parking Spaces 9
Fencing Y/n No
Inclusions All kitchen appliances, water heaters, HVAC, cabinetry, bathroom appliances and mail boxes. All the same inclusions as typical for new condo sales. Turn key rental apartment.
Lot Size Acres 0.17
Lot Size Source Assessor
Lot Size Square Feet 7512.00
Navigable Water Y/N No
Parking Features Lighted Parking, Handicap Parking, Private, Surface
Road Responsibility City/County
Road Surface Type Black Top
Soil Types Urban Land-Sassafras-Chillum
Total Parking Spaces 9
Type of Parking Parking Lot, Driveway
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 20012

Price
AVG $5.5M
$16M
Taxes
AVG $15,529
$26,136
Visits
AVG 255
444
Year Built
AVG 1980
2021
Walkscore
AVG 87
90
Data Provided by Walkscore ® not using MLS data

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