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2604-2610 Stanton Rd SE
Washington, DC 20020

$1,699,000 USD

Land For Sale  •  0.47 AC

Property Details

  • Property Type Land
  • Lot Size 0.47 AC
  • Zoning RA-1
78 Transit Score
56 Walk Score

Description

Potential for Upzoning: Given the subject property's proximity to mass transit, and the Office of Planning's focus on increasing density around such areas, 2610 Stanton Road SE is an ideal candidate for a zoning change through Washington, D.C.'s map amendment process. 2610 Stanton Road SE is currently zoned RA-1 (1.08 FAR 40% lot occupancy), but there is potential for upzoning to RA-2 (2.16 FAR + penthouse, 60% lot occupancy).

Multiple Potential Uses: The RA-1 (& RA-2) zoning designation allows for a range of uses, including townhomes, multifamily, single-family homes, retirement communities, childcare, and others.

Located in an Opportunity Zone/Qualified Census Tract: 2610 Stanton Road SE is located in an Opportunity Zone and Qualified Census Tract, both of which provide incentives for investment and development in low-income communities. Opportunity Zones, created in the Tax Cuts and Jobs Act of 2017, offers tax benefits to investors who develop ground-up or value-add projects in these designated areas
using equity from capital gains events. Development in Qualified Census Tracts allow a developer a 30% step-up in basis, significantly increasing project returns.

Proximity to Metro/Mass Transit: The subject property is situated 0.4 miles from the Anacostia Metro station. Furthermore, there are several bus stops and a Capital Bikeshare docking station a few blocks away.

Highlights

RA-1 Zoning Allows for Townhome, Condominium, & Multifamily Development
Conveys with Conceptual Plans for 18 2-Over-2 Townhomes
Potential to Upzone from RA-1 to RA-2 Through the Map Amendment Process
Located in an Opportunity Zone & Qualified Census Tract
Situated 0.4 Miles from the Anacostia Metro Station Along the Green Line
2,115 Multifamily Units & 113,013 SF of Retail Either Proposed or Under Construction Nearby

Public Transportation

Commuter RailDriveWalkDistance
L'enfant (Fredericksburg Line - Virginia Railway Express, Manassas Line - Virginia Railway Express) 6 min - 3.7 mi
Union Station (Brunswick Line - Maryland Area Regional Commuter Trains (The MARC), Camden Line - Maryland Area Regional Commuter Trains (The MARC), Fredericksburg Line - Maryland Area Regional Commuter Trains (The MARC), Manassas Line - Maryland Area Regional Commuter Trains (The MARC), Penn Line - Maryland Area Regional Commuter Trains (The MARC), Red Line - Maryland Area Regional Commuter Trains (The MARC)) 8 min - 4.0 mi
Transit/SubwayDriveWalkDistance
Anacostia (Green Line - Washington Metropolitan Area Transit Authority Metrorail (Metrorail)) 0 min 7 min 0.4 mi
AirportDriveWalkDistance
Ronald Reagan Washington Ntl 14 min - 7.8 mi
Baltimore/Washington International Thurgood Marshall 47 min - 31.6 mi
Washington Dulles International 51 min - 32.2 mi
Ian Ruel 202-318-6800 Feldman Ruel
Ian Ruel 202-318-6800 Feldman Ruel