The Washington times., 1920-02-07
OWN YOUR
OWN HOME
REALTY VALUE SURE TO
RISE ON H AND | STS.
Location Of New w. b. & A. Termi-
nal Gives Impetus 10 Sales In
Former Residential Section.

One who is contemplating the in
yestment OF money In business real
q estate In Washington cannot anord
10 overlook the prospects OF rapldly
increasing values in the vicinity VI
Eleventh and Twelfth streets and
New York avenue, where will be To-
Gated the new terminal station and
Is hotel OF the Washington, Baltimore
. and Annapolis Railway Company
~ This section, heretofore used al
u most exclusively for residential pur-
70 poses and now repleto with boarding
houses. Is bound to be transformed
y into a district OF considerable busi-
ness activity with the building OF the
d new terminal.
-s The value of real estate for busi-
ness purposes is always determined
z by the number OF people who must
pass tho property each day. The
b w, b, & A. railroad brings-over two
Il million people to Washington each
year. A glance at the map on thsi
page shows that the only direct way
for these two million people to reach
the crowded business centers or the
city on Il, Ninth, and Seventh street
is via II, !, Eleventh, or Twelfth
streets 1t does not require prophetic
: vision to sec the result OF this trafrc
j; on realty values along these streets.
The new terminal Is a certainty,
The railroad company has acquired all
of the property on the south side OF
New York avenue between Eleventh
and Twelfth street, extending hait-
y way back to II street. The company
: is eager ito begin work at once, and
:, will do so as quickly as II can secure
. possession OF all of the properties
purchased. 1t has succeeded in OBJ
}taining possession OF all except one
property. A single tenant mas re-
! fused to yield possession, and the
= sctuaI building of the terminal awaits
only the outcome of a suit now pend
Z, ing In the District courts between
the company and this tenant, ac-
cording to Thomas p. Littlepage. local
. attorney for the company.
- The terminal and hotel will be an
immense structure. occupying the en-
tire half block OF ground The hotei
will be the largest in Washingt ton.
Architects have practically complefed
the design of the building.
Recent Sales In Vicinity.
Indicative of the faith Of local TN
vestors in the future OF his sectioh
: are the numerous recent sales OF
. property along the streets near inc
site of the new terminal.
~ One of the largest of the resent
sales was consummated yesterday
when Weaver Brothers sold to John
I. Power and John b. kearney the
three-story tapestry brick bulidins
at ia EIeventlPstreet. The sale was
made for Harry r. Carroll or the Gar
,ron Electric Company.
-. This property has frontage OF %
feet and a depth Of 100 feet. IL was
Sold for approximately $65,OOO.
- Both Messrs. Power and kearney
have been identified with the Ola
butch Market for nearly ten years.
Irhey have severed their connection
with this company and will open
ohigh-class retail market store on the
Ground floor of the newly acquired
building. The building is now vacant
and improvements are being MADE py
hthe new owners preparatory TO open.
ing the new store. The site Is just
Opposite the Palais Royal.
~ II Street Home Sold.
~. The three-story brick residence
a property at 900 II street was SOLD
last week by Susan r. Merriam TO
Arthur H. Allen. This property Is on
;hc direct route of travel from the
-aew terminal to the business districts
5f Ninth and Seventh streets.
Mr.. Allen paid approximately SlS,-
900 for the property which has a
frontage of eighteen and depth OF
ninety feet. A board
B ing house is now located here, but
Mr.. Allen will hold it as an invest
ment as a future business site.