Retail Storefront
2408 Martin Luther King Jr Avenue SE Unit #2 Washington, DC 20020
2408 Martin Luther King Jr Avenue SE Unit #2, Washington, DC, 20020
$1,700,000
For Sale
$1,700,000
For-sale retail storefront unit #2 located at 2408 Martin Luther King Jr Avenue SE in Washington, DC.
Property Size3,117 SF
Price / SF$545.40
Days on Market357
Property Features for 2408 Martin Luther King Jr Avenue SE Unit #2
General Information
- Standard status
- Active
- Size
- 3,117 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1925
Listing agency
RE/MAX Allegiance
(202) 744-3821
Listed by
Jerry Johnson · License #SP101770
(202) 744-3821
Source
Xome
Added: Jul 31, 2025 Updated: Jul 22 at 12:35AM Checked: Jul 22 at 3:34AM
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 RE/MAX Allegiance
Investment Insights
Based on property information with market context.
This offering consists of a retail storefront unit (Unit #2) within a commercial retail property at 2408 Martin Luther King Jr Avenue SE in Washington, DC. The space is presented for sale as a standalone unit and totals 3,117 square feet.
The property’s listing includes Unit #2 at the stated address, positioned within a broader retail property setting. The combination of a dedicated unit number and measured total size supports a straightforward leasing or ownership consideration for appropriate retail users.
Interested parties should confirm all details directly with the listing broker regarding unit configuration and any related building or operational specifics not provided in the public listing information.
The property’s listing includes Unit #2 at the stated address, positioned within a broader retail property setting. The combination of a dedicated unit number and measured total size supports a straightforward leasing or ownership consideration for appropriate retail users.
Interested parties should confirm all details directly with the listing broker regarding unit configuration and any related building or operational specifics not provided in the public listing information.
Key Highlights
- For‑sale retail storefront unit #2 at 2408 Martin Luther King Jr Avenue SE, Washington, DC
- Year built: 1925
- Central air cooling
Local Financial Insights For 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 | $74.8k | $24.00 |
| − Vacancy | −$4.1k | −$1.32 |
| EGI | $70.7k | $22.68 |
| − OpEx | −$21.2k | −$6.80 |
| NOI | $49.5k | $15.88 |
3,117 SF · lease $24.00/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$706.9K
$618.6K – $824.8K
NOI $49,485 @ 7.0% cap · market cap 2.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $112,652 @ 7.0% cap · market cap 6.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Next Level Cuts
Barber Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - For-sale retail storefront unit #2 located at 2408 Martin Luther King Jr Avenue SE in Washington, DC.
Where is this storefront property located?
The property is located at 2408 Martin Luther King Jr Avenue SE Unit #2 Washington, DC.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: For‑sale retail storefront unit #2 at 2408 Martin Luther King Jr Avenue SE, Washington, DC; Year built: 1925; Central air cooling
