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2906 Martin Luther King Jr Avenue SE

WASHINGTON, DC 20032
  • $650,000
  • STATUS: Active Under Contract
  • ON SITE: 172 Days
  • ID#: DCDC2062624
Under Contract
UPDATED: 38 min ago
$650,000
  • 0
    BEDS
  • 0.04
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1934
County:

School Ratings & Info

Description

Fully Leased,Income producing property in sought after Congress Heights Neighborhood, less than one mile from the Metro, Close to the Residences at St. Elizabeth+GGs East (historic retro-fit) with plans for 750 more residential units and 600,000 sq. ft. of commercial space, two hotels, and a hospital on the boards. Whitman Walker to open in 2023.Small Area Zoning plan in the works to encourage more smart development in the neighborhood.First Floor Leased to Tax Office (Long Term Tenant)Second Floor Leased to Local Non-ProfitPerfect value add site for future development, income producing property, or increasing rents in the near future. Two story building, plus cellar, 2 car parking, with alley access, MU-4 Zoning (total 4.5 FAR with IZ, potential for additional development on the site)

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©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or ExecuHome Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-01-31T20:50:57.45.
www.execuhome.com/homes/132056865
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2906 Martin Luther King Jr Avenue SE WASHINGTON, DC 20032

  • Price: $650,000
  • Status: Active Under Contract
  • On Site: 172 Days
  • Updated: 38 min ago
  • ID#: DCDC2062624
0
Beds
0
Baths
0
½ Baths
0.04
Acres
1934
Built
County:
Washington
School District:
District Of Columbia Public Schools
Property Description
Fully Leased,Income producing property in sought after Congress Heights Neighborhood, less than one mile from the Metro, Close to the Residences at St. Elizabeth+GGs East (historic retro-fit) with plans for 750 more residential units and 600,000 sq. ft. of commercial space, two hotels, and a hospital on the boards. Whitman Walker to open in 2023.Small Area Zoning plan in the works to encourage more smart development in the neighborhood.First Floor Leased to Tax Office (Long Term Tenant)Second Floor Leased to Local Non-ProfitPerfect value add site for future development, income producing property, or increasing rents in the near future. Two story building, plus cellar, 2 car parking, with alley access, MU-4 Zoning (total 4.5 FAR with IZ, potential for additional development on the site)
Exterior Features

Construction Materials Brick Garage YN No Parking Types Driveway Riparian Rights YN No Soil Types Urban Land-Beltsville-Chillum Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 3229.00 Cooling Central A/C Heating Central Heating YN Yes Net Square Feet 3300.00

Property Features

Accessibility Features 32"+ Wide Doors Assessment Year 2022 Business Type Other/General Retail Central Air YN Yes Cooling Fuel Electric Gross Income 43200.00 Heating Fuel Natural Gas Hot Water Natural Gas Navigable Water YN N Net Operating Income 43200.00 New Construction YN No Number Of Units Total 2 Original MLSNumber 801804920824 Ownership Interest Fee Simple Possession Settlement Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 5063.00 Tax Assessment Amount 414460.00 Tax Lot 36 Total Actual Rent 43200.00 Vacation Rental YN No Water Source Public Year Built Effective 1990 Zoning Mu-4 Zoning Description Mixed Use Zone... HousingAnd Mixed Uses For Large Segments Of Dc3.0 IZ Far Plus 1.5 Commercial Far50' Height.

Listing courtesy of Demers Real Estate, Inc.: .


©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or ExecuHome Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-01-31T20:50:57.45.
 
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