Mixed-Use Investment
2202 Martin Luther King Jr Avenue SE Washington, DC 20020
2202 Martin Luther King Jr Avenue SE, Washington, DC, 20020
$1,295,000
For Sale
$1,295,000
Income-producing, renovated mixed-use building on a 2,360 SF lot, zoned MU-7B in the Anacostia Historic District.
Property Size2,250 SF
Price / SF$575.56
Days on Market133
Property Features for 2202 Martin Luther King Jr Avenue SE
General Information
- Standard status
- Active
- Size
- 2,250 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1909
Listing agency
Demers Real Estate, Inc.
(202) 232-0950
Listed by
Jon Wilson
(202) 232-0950
Source
Xome
Added: Mar 12 Updated: Jul 20 at 9:23PM Checked: Jul 22 at 3:42AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Demers Real Estate, Inc.
Investment Insights
Based on property information with market context.
This income-producing mixed-use property was built in 1909 and renovated in 2012. The building totals approximately 2,200 SF on a 2,360 SF lot. The site is currently leased to two established tenants, generating approximately $71,050 in annual income (about $5,920 per month).
Located at 2202 Martin Luther King Jr Avenue SE in Washington, DC, the property benefits from high visibility on a major arterial, with traffic counts exceeding 18,400 and a Walk Score of 75. It sits within the Anacostia Historic District and an Opportunity Zone.
Zoned MU-7B, the site has a 65' height limit and offers development opportunities. Approximately 7,080 SF is cited for by-right potential (FAR 3.0), and up to approximately 9,912 SF is cited with an Inclusionary Zoning bonus (FAR 4.2). The location is also described as being near St. Elizabeths East and Skyland Town Center.
Located at 2202 Martin Luther King Jr Avenue SE in Washington, DC, the property benefits from high visibility on a major arterial, with traffic counts exceeding 18,400 and a Walk Score of 75. It sits within the Anacostia Historic District and an Opportunity Zone.
Zoned MU-7B, the site has a 65' height limit and offers development opportunities. Approximately 7,080 SF is cited for by-right potential (FAR 3.0), and up to approximately 9,912 SF is cited with an Inclusionary Zoning bonus (FAR 4.2). The location is also described as being near St. Elizabeths East and Skyland Town Center.
Key Highlights
- Renovated income‑producing mixed‑use building built in 1909 on a 2,360 SF lot (approx. 2,200 SF building).
- Leased to two established tenants with approx. $71,050 annual income ($5,920/month).
- Zoned MU‑7B in the Anacostia Historic District with a 65' height limit.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $59.4k | $26.40 |
| − Vacancy | −$3.0k | −$1.32 |
| EGI | $56.4k | $25.08 |
| − OpEx | −$14.1k | −$6.27 |
| NOI | $42.3k | $18.81 |
2,250 SF · lease $26.40/SF/yr · vacancy 5.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$604.6K
$529.0K – $705.4K
NOI $42,323 @ 7.0% cap · market cap 3.27%
Second Best
Retail
$510.3K
$446.5K – $595.4K
NOI $35,721 @ 7.0% cap · market cap 2.76%
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,318 @ 7.0% cap · market cap 6.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Central Pharmacy Inc
Pharmacy
Jasmine's Hair Gallery
Hair Salon
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Income-producing, renovated mixed-use building on a 2,360 SF lot, zoned MU-7B in the Anacostia Historic District.
Where is this mixed-use property located?
The property is located at 2202 Martin Luther King Jr Avenue SE Washington, DC.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Renovated income‑producing mixed‑use building built in 1909 on a 2,360 SF lot (approx. 2,200 SF building).; Leased to two established tenants with approx. $71,050 annual income ($5,920/month).; Zoned MU‑7B in the Anacostia Historic District with a 65' height limit.
