April 3, 2006

FEELING AS RICH AS THE OLSEN TWINS? WANNA BUY SOME LAND?

Got a cool million bucks to spend? Some people would buy 5,000 SF McMansion in NOVA. Others might take a second look at a 1,400 two bedroom with granite counters in Kalorama. Others might buy the wine cellar of thier dreams and fill it with first-growth bourdeauxs and white burgundies.



How bout a dumpy townhouse on a 770 SF lot, but its near the baseball stadium? A craigslist posting implores: "Don't miss this opportunity to purchase a prime commercial building plus real estate in the heart of the new baseball stadium." Price: $950K firm.

The lot is zoned C3M that allows a FAR of 6.5, meaning you can build a six-story building with a total of 5,000 sq feet, says the seller. "Ideal use would be a coffee shop on the first two floors, with rental studio apartments for floors three to six." Imagine that a two-story Starbucks.

pix courtesy of JDLand

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