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Good Deal or Not? Preposterious Edition

by Prince Of Petworth August 11, 2008 at 12:00 pm 8 Comments


The flier says: “LOCATION LOCATION LOCATION!!! Zoned C2A, mixed use. Business on 1 level and live/rent out others. Blocks from Howard University, Petworth metro, Columbia Heights metro, a lot of upcoming retails everywhere. Hurry hurry hurry. .. .make an offer!!! Also for lease $3,500/month.” More details found here. The location is 2915 Georgia Ave and the asking price is $549,999. I think that may be the most insane asking price I’ve ever encountered for a package like this. Would a “mixed use” zoning increase the value substantially? Is this asking price pure fantasy?


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