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2401 Martin Luther King Jr Ave Washington, DC 20020

For Sale
$1,400,000

Renovated Mixed-Use Property: Income & Living

Property size:
5,784 SF

Description

Added:
Feb 3, 2025
Days on Market:
308
This exceptional mixed-use building presents a compelling investment opportunity in Washington, D.C.'s burgeoning Barry Farms neighborhood. Spanning 5,784 square feet on a 0.07-acre lot, the property boasts a newly renovated design, offering both commercial and residential spaces. The ground floor currently houses a grocery store, generating consistent income via a lease extending to October 31, 2026. This provides immediate cash flow for the new owner. Upstairs, a completely renovated apartment awaits, featuring modern cabinetry, updated appliances, stylish flooring, and fresh paint. This space is ideal for immediate occupancy or rental, providing further income potential. A sizable basement offers ample storage, adding significant utility to the property. Located at 2401 Martin Luther King Jr Avenue SE, this property is strategically positioned within a vibrant and evolving community, promising strong long-term growth and return on investment. The asking price for this turnkey opportunity is $1,400,000. This is a rare chance to acquire a property that combines immediate income generation with the flexibility of residential use, making it an attractive proposition for both seasoned investors and those seeking a unique dual-purpose property.

Property Features for 2401 Martin Luther King Jr Ave

General Information

Property type
Mixed-use properties
Square Feet
5,784 SF
Lot Size
3,049 SF

Building Details

Year Built
1931

Property Profile Insight Report Location Intelligence

Current Use by Public Records

Mixed-use properties

Map

City
Washington
County
District Of Columbia
State
District of Columbia
Longitude
-76.99249
Latitude
38.86288

FAQs

What type of property is this?
Mixed-use property - Renovated Mixed-Use Property: Income & Living
Where is this mixed-use property located?
The property is located at 2401 Martin Luther King Jr Ave Washington, DC.
What is the asking price?
The asking price for this property is $1,400,000.
More about this property
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