Thursday, January 16, 2014
Former St. John Church of God Sells for $2.2 Million
Image from Google Streetview
Check out this press release from Metro Investment Properties regarding the sale of a church on the corner of 13th & H:
The former St. John Church of God has been sold to a private investment group according to the church's agent Christopher Dixon of Metro Investment Properties. The property sits at the intersection of 13th and H Street NE and is located at the epicenter of the "Atlas Entertainment District" that encompasses the 1200-1400 blocks of the H Street NE corridor. The church, which sits on a 6,100 square foot corner parcel, sold for $2,200,000 drawing immense interest from the development community. "We saw a deep, buyer pool with 9 contracts submitted and aggressive study periods" said Dixon. "The market sees that Whole Foods and the trolley are a reality and pricing is beginning to reflect that reality". According to Dixon, the buyers plan to either lease the property to a restaurant/entertainment user or build a mixed-use development.