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3333 Martin Luther King Jr Ave SE

2,670 SF Vacant Retail Building Washington, DC 20032 £706,492 (£265/SF)

Investment Highlights

  • LOTS OF NATURAL LIGHT.
  • WALK-IN COSETS.

Executive Summary

VACANT MIXED -USE LOCATED IN Certified Business Enterprise (CBE) ZONE.THREE-LEVEL COLONIAL READY FOR INVESTORS AND DEVELOPERS ALIKE! CONDO CONVERSION, MIXED USE, OR OTHER USES. DC REVITALIZATION OF MLK AVE SE FROM 4TH ST IS PROJECTED AT $8,516,224.70. OPPORTUNITY TAX ZONE. EXCELLENT CONVERSION POTENTIAL. HIGH VISIBILITY ALONG MLK AVE WITH EASY ACCESS TO 1-295, US CAPITOL, GAYLORD, AND THE WHITE HOUSE. THIS IS AN AMAZING INVESTMENT OPPORTUNITY FOR A 3929 SQ FT BUILDING ON A LARGER THAN-NORMAL 6374 SQ FT LOT. THE FIRST FLOOR RETAIL WITH AN UNFINISHED BASEMENT, AND THE SECOND FLOOR IS A LARGE 3 BEDROOM TWO BATH UNIT WITH A 10 FT CEILING, LOTS OF NATURAL LIGHT, AND WALK-IN COSETS, MAKING FOR EXCELLENT RESIDENTIAL OR OFFICE SPACE. THE POSSIBILITIES ARE ENDLESS WITH THIS PROPERTY. THIS IS A MUST-SEE! SOLD IN AS-IS CONDITION.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,670 SF
Building Class
C
Year Built
1905
Price
£706,492
Price Per SF
£265
Percent Leased
Vacant
Tenancy
Multiple
Number of Floors
2
Building FAR
0.42
Land Acres
0.15 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning
R-2 - Residential zoning.
Parking
5 Spaces (1.87 Spaces per 1,000 SF Leased)
Frontage
28 ft on Martin Luther King Jr Ave

Amenities

  • Air Conditioning
1 of 1
Walk Score ®
Very Walkable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 6004E-0042 Improvements Assessment £148,316
Land Assessment £217,403 Total Assessment £365,719

PROPERTY TAXES

Parcel Number
6004E-0042
Land Assessment
£217,403
Improvements Assessment
£148,316
Total Assessment
£365,719
(240) 767-4503

  • Listing ID: 29678716

  • Date on Market: 10/12/2022

  • Last Updated:

  • Address: 3333 Martin Luther King Jr Ave SE, Washington, DC 20032

The Retail Property at 3333 Martin Luther King Jr Ave SE, Washington, DC 20032 is currently available For Sale. Contact The Home Team Realty Group, LLC for more information.

Retail PROPERTIES IN NEARBY NEIGHBOURHOODS

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3333 Martin Luther King Jr Ave SE, Washington, DC for sale Building Photo- Image 1 of 3
3333 mlk
3333 Martin Luther King Jr Ave SE, Washington, DC for sale Floor Plan- Image 2 of 3
Screenshot 2023-04-25 at 6.52.53 PM

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© 2024 CoStar Group

3333 Martin Luther King Jr Ave SE
(240) 767-4503 x

3333 Martin Luther King Jr Ave SE

Melea King

(240) 767-4503

(240) 767-4503

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