Putting a vacant and blighted property on the market is the second method that holds off the vacant tax rate. A few days ago 1251 4th St NW, was put on the market for $2.4 million dollars. This includes lot 0858 and lot 0873 and it is a commercial property. According to whomever is selling this they are awaiting zoning approval to divide into 3 lots and they say the structure has a certificate of occupancy for four units. Any buyer should verify that last statement, as DCRA's online permit application didn't show any certificates of occupancy. Other headache for any potential buyer is this property is that it is in an historic district. Looking at DCRA's PIVS, it appears that the property was found to be vacant, but is being taxed at the commercial rate.
Saturday, February 15, 2014
1251 4th St NW
Putting a vacant and blighted property on the market is the second method that holds off the vacant tax rate. A few days ago 1251 4th St NW, was put on the market for $2.4 million dollars. This includes lot 0858 and lot 0873 and it is a commercial property. According to whomever is selling this they are awaiting zoning approval to divide into 3 lots and they say the structure has a certificate of occupancy for four units. Any buyer should verify that last statement, as DCRA's online permit application didn't show any certificates of occupancy. Other headache for any potential buyer is this property is that it is in an historic district. Looking at DCRA's PIVS, it appears that the property was found to be vacant, but is being taxed at the commercial rate.
Labels:
4th St,
commercial,
MVSQ,
vacant property
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