Massive Price Drop!<br><br>
An extraordinary and rare opportunity in the heart of Capitol Hill: a fully permitted, shovel-ready development site comprising two adjacent record lots totaling approximately 2,253 square feet, approved for the construction of two brand-new two-unit residential buildings.<br><br>
The current owner has invested more than a year and significant resources assembling a complete, approved permit package covering full architectural, structural, civil, and MEP engineering drawings. Permits have been issued for the razing of the existing 1951 brick structure and adjacent vacant lot, and construction permits for the two new buildings are in hand. A qualified contractor or developer can break ground without delay.<br><br>
The plans call for two three-story buildings, each with a lower level apartment, rising to 35 feet on their respective lots. Each building is designed as a two-family flat, yielding four total residential units across the two lots, with approximately 2,700 square feet of finished space per building across lower level, first, second, and third floors.<br><br>
The location is among the most coveted in Washington for residential development. The site sits just behind Eastern Market and is convenient to the Library of Congress, Barracks Row restaurants, House office buildings, public parks, and the Capitol itself. The Eastern Market Metro station, serving the Blue, Orange, and Silver Lines, is approximately an 11-minute walk, and Capitol Hill ranks as the 14th most walkable neighborhood in Washington with a Walk Score of 88.<br><br>
Capitol Hill townhomes regularly clear seven figures, and the DC housing market remains competitive, with inventory staying lean. New construction on Capitol Hill is genuinely rare, as the neighborhood is dominated by historic rowhouses and opportunities to build all-new structures are uncommon. For a contractor or developer seeking a turnkey entry into one of DC's most enduringly desirable neighborhoods, this is the opportunity. All plans, permits, and raze approvals convey with the sale.
