2401 Martin Luther King Jr Ave Washington, DC 20020
- Retail space
- 5,784 SF
- 0.07 lot acres
Current Use by Public Records
- Retail space
Property Details for 2401 Martin Luther King Jr Ave
- Year built
- 1931
- Construction
- BRICK
- Lot size
- 0.07 lot acres
- Property size
- 5,784 SF
- Zone code
- MU-4
- Property type
- Retail space
- APN
- 5789 0017
- APU
- 57890017
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Washington
- County
- District Of Columbia
- State
- DC
- Longitude
- -76.9926
- Latitude
- 38.8629
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
