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The value is potential development. However, the new buyer can be remolding the existing building. 1st level of prior use was a coin-operated laundromat. The upper 2 levels are 2 apartments. FAR. The total permitted Floor Area Ratio (“FAR”) is 6.0, up to 2.0 of which can be used for permitted non-residential uses. The total land area of the Property is 1,040 square feet; accordingly, the total permitted Gross Floor Area (“GFA”) is 6,240 square feet-up to 2,080 square feet which may be dedicated to non-residential uses. If you are subject to IZ, or if you choose to opt-in to the IZ requirements, you are permitted to have a FAR of 7.2, for a total GFA of 7,488 square feet.

Property Details of 1017 M Street Nw

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