315 G Street NE sold - more progress on the western end

The Neighborhood Development Company has purchased 315 G Street NE -- a long vacant property near the southeast corner of 3rd & G Streets NE -- for $1.8 million. 
 

Preliminary work planning seems to have already started inside the property as neigbors have reported seeing workmen going in & out the back, though no record of permits issued is available from DCRA's online database.  The property was previously home to sixteen relatively small residential units, but it is not yet known how many units the Neighborhood Development Co. plans to offer after renovation is complete.  

The property had recently been classified as vacant and uneligible for exemption by DCRA, and was therefore slated to be taxed at the recently reinstated 5% vacant property rate this spring prior to changing hands, which may have helped the previous owner come down from his $2.5 million asking price (the city had assessed the value to be about $1 million).

With this property sold for redevelopment, it joins the old police station on 9th Street and the old fire engine house on Maryland Avenue as prominent large long-vacant properties in the area south of H Street that have been slated for residential development now that the H Street and north Capitol Hill area has become so attractive to homebuyers and developers.