Mixed-Use Investment
For Sale
$950,000
2202 MARTIN LUTHER KING JR AVENUE SE, Washington, DC 20020
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$422.22
Days on Market183
Property Features for 2202 MARTIN LUTHER KING JR AVENUE SE
General Information
Standard status
Active
Size
2,250 SF
Property subtype
MixedUse
Site & Location
Neighborhood
Southeast
Taxes and HOA fees
Annual Taxes
$9,216
Building Details
Building Size
2,250 SF
Year Built
1909
Listing Agency:
Demers Real Estate, Inc.
Listed By:
Jon L Wilson · License #BR98368578
(202) 232-0950
Source:
Kerishull
Added: Apr 27
Changed: Oct 25
Last Checked: Oct 24 at 10:21PM
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,323
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$846,460
$846.5K
Cap Rate 7%
$604,614
$604.6K
Cap Rate 9%
$470,256
$470.3K
Market Conditions
NOI Build-Up for 2,250 SF
Gross rent
$59.4K $26.40/SF
− Vacancy
−$3.0K −$1.32/SF
EGI
$56.4K $25.08/SF
− OpEx
−$14.1K −$6.27/SF
NOI
$42.3K $18.81/SF
Area
ZIP 20020
Vacancy
5.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$846,460
Cap Rate 7%
$604,614
Cap Rate 9%
$470,256
Alternative Uses
Best Use
Specialty Retail
$604.6K
$529.0K – $705.4K
NOI $42,323 @ 7.0% cap · market cap 4.46%
Second Best
Retail
$510.3K
$446.5K – $595.4K
NOI $35,721 @ 7.0% cap · market cap 3.76%
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,318 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,089
Businesses Nearby
6k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 71%
Shops & Services 29%
Starbucks
Dining
4,578 visits/mo
0.1 miles
Truist
Shops & Services
1,899 visits/mo
0.3 miles
Demographics for 20020, DC
51,616
Population
26,376
Households
2
Avg Household Size
34
Median Age
28%
College-Educated
89%
High-School Grad
4.6 sq mi
ZIP Area
11,221
Density / Sq Mi
$53,015
Median Household Income
$48,752
Median Earnings
$1,317
Median Rent
$442,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Washington, DC
Frequently Asked Questions
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 $950,000.
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.
