3901 Martin Luther King Jr Ave SW 3,126 SF Vacant Office Building Washington, DC 20032 £698,758 (£223.53/SF)
INVESTMENT HIGHLIGHTS
- Excellent Opportunity for a Full-, Partial, or Live/Work User | Delivered 100% Vacant
- Corner Lot Along the Most Heavily Trafficked Corridor in Congress Heights
- Less than One-Quarter Mile from I-295
- Renovated in 2018 Including New Roof, Flooring, Water Heater, and Numerous Cosmetic Improvements
- Situated in a HUB Zone which Provides Advantages to Local Businesses
EXECUTIVE SUMMARY
Feldman Ruel Urban Property Advisors is pleased to present 3901 Martin Luther King Jr Avenue SW, a three-level, 3,126-square-foot, mixed-use property that will be delivered 100% vacant. The subject property offers an ideal opportunity for both owner-users and investors due to its configuration, which includes both commercial and residential units, each featuring separate entrances as well as the potential for outdoor space. Additionally, the subject property is located in a Historically Underutilized Business (HUB) Zone.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
3,126 SF
Building Class
C
Year Built/Renovated
1937/2017
Price
£698,758
Price Per SF
£223.53
Percent Leased
Vacant
Tenancy
Multiple
Number of Floors
3
Typical Floor Size
1,563 SF
Building FAR
1.10
Lot Size
0.07 AC
Zoning
R-2
Parking
1.28 Spaces per 1,000 SF Leased
PROPERTY TAXES
| Parcel Number | 6149-0802 | Improvements Assessment | £438,393 |
| Land Assessment | £136,102 | Total Assessment | £574,495 |
