2202 Martin Luther King Jr Ave Se, Washington, DC 20020

$1,295,000

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List Price
$1,295,000
Days on Market
94
Status
ACTIVE
MLS#
DCDC2258654
Lot Size (Acres)
0.05
Year Built
1909
County
Washington DC
School District
District Of Columbia Public Schools

Property Description

Prime Anacostia Mixed-Use Investment with Redevelopment Potential. Income-producing property (built 1909, renovated 2012) with approx. 2,200 SF building on a 2,360 SF lot. High-visibility location on a major arterial (traffic counts >18,400; Walk Score 75) within the Anacostia Historic District. Zoned MU-7B (65' height limit) with significant development potential: approx. 7,080 SF by-right (FAR 3.0) and up to 9,912 SF with Inclusionary Zoning bonus (FAR 4.2). Currently leased to two established tenants, generating approx. $71,050 annual income ($5,920/month) with upside potential. Located near major developments including St. Elizabeths East and Skyland Town Center, and within an Opportunity Zone—ideal for investors, owner-users, or developers.

Additional Information

Taxes
$9216
School District
District Of Columbia Public Schools
Heating
Other
Heating Fuel
Other
Cooling
Other
Water
Public
Sewer
Public Sewer

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Calculator source: Real Geeks

Listing courtesy of Demers Real Estate, Inc.. Contact: 2022320950