Property summary
This exceptional three-story executive office building, completed in 2007, offers 63,000 square feet of premium workspace. Located at 1800 Martin Luther King Jr Ave SE, Washington, DC 20020, this owner/user investment opportunity boasts a prominent corner location at the intersection of Martin Luther King Jr. Avenue and Good Hope Road. The building sits on a 27,207 square foot lot and features a striking red brick and precast façade that complements the historic neighborhood. Inside, you'll find ample space for a variety of executive office needs. The building's design incorporates three levels of subsurface parking, providing convenient access to 117 parking spaces for employees and visitors. A highlight of this property is its expansive rooftop terrace, offering breathtaking 360-degree views of Washington, D.C.'s dynamic skyline. The asking price is $19,000,000, with an occupancy date of April 1, 2024. This is a rare opportunity to acquire a state-of-the-art executive office building in a highly desirable location within the District of Columbia. The property's blend of modern amenities and historical charm makes it an ideal investment for discerning businesses seeking a prestigious and functional workspace.
Property profile
VerifiedCap rate & NOI
Current use
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Social Service Agency
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Construction Company General Contractor
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Pharmacy
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Bank Loan Service
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Professional Services
Location
Value estimations
Owner & transaction history
Zoning & alternative use
05 PENTHOUSE AND ROOFTOP STRUCTURE 206 [RESERVED] 207 REAR YARD 208 SIDE YARD 209 COURT 210 TRANSITION SETBACKS 211 GREEN AREA RATIO 211 Source Note CHAPTER 3 CAPITOL INTEREST PRODUCTION, DISTRIBUTION, AND REPAIR ZONE -…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
PDR-1 · Washington, DC05 PENTHOUSE AND ROOFTOP STRUCTURE 206 [RESERVED] 207 REAR YARD 208 SIDE YARD 209 COURT 210 TRANSITION SETBACKS 211 GREEN AREA RATIO 211 Source Note CHAPTER 3 CAPITOL INTEREST PRODUCTION, DISTRIBUTION, AND REPAIR ZONE -…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
05 PENTHOUSE AND ROOFTOP STRUCTURE 206 [RESERVED] 207 REAR YARD 208 SIDE YARD 209 COURT 210 TRANSITION SETBACKS 211 GREEN AREA RATIO 211 Source Note CHAPTER 3 CAPITOL INTEREST PRODUCTION, DISTRIBUTION, AND REPAIR ZONE -…
What can be built and operated here — officially.
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