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GDoN “A very unique property” edition

by Prince Of Petworth August 17, 2015 at 12:45 pm 8 Comments

This house (recording studio) is located at 2634 12th Street, Northeast. The listing says:

“A very unique property located in NE DC zoned residential and commercial.A three level facility consisting of 3,800 square feet which can suit just about any use. Many nice spaces in this offering to include a reception/2 story foyer, hardwood floors, and lots of storage space.Location currently being used as a sound and video studio, but can easily work for most uses. Access to two kitchen areas”

You can see more photos here.

This 2 bed/2 bath is going for $650,000.

  • Eponymous

    What an odd building. The best thing would be if someone acquired this and the three other buildings on the same block, then built them up to apartments or condos. But the asking price is a bit high for 3800 sq feet of land.

    • Anonymus

      It’s actually 2800 square feet of C-1 zoned land. So about $232/square foot of land. If this were C-2-A+ or R-5-B+, it would be a hell of a deal just to raze it and rebuild. At C-1 you’re looking at a much smaller/more restrictive use which means reusing the existing building is probably the only choice at this price point.

      So, yeah, unique properties require unique buyers and I’m not sure commercial rents can justify this price point factoring in build-out costs. I’d love to be wrong.

  • Anon

    Good luck to the sellers if they can get that much out of it. I have a feeling that real estate values could be in for some changes soon, now that the word is getting out about increases in crime.

  • h st ll

    Wow. I absolutely love it. Quality studio/buildout!

    • The OP Anon

      Agreed. Any idea whose property this is? Who are the associated acts?

      • pwedz

        used to go by House Studio DC – http://www.housestudio.co

        they must have folded..

        Gotta wonder if the boards come with the house – those are generally a lotta $$$$$

        • pvjdp

          House studio also has a place out in Maryland, I think in Hyattsville.

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