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2906 Martin Luther King Jr Avenue SeWashington, DC 20032MLS Number DCDC2062624

  • Sale Price: $632,000
  • 569 Days Since Sale
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2906 Martin Luther King Jr Avenue Se Washington DC 20032
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  • 0.04Acreage
  • 1934Year Built
  • 201Price Per Square Foot
  • 2Units
Fully Leased,Income producing property in sought after Congress Heights Neighborhood, less than one mile from the Metro, Close to the Residences at St. Elizabeth's East (historic retro-fit) with plans for 750 more residential units and 600,000 sq. ft. of commercial space, two hotels, and a hospital on the boards. Whitman Walker to open in 2023. Small Area Zoning plan in the works to encourage more smart development in the neighborhood. First Floor Leased to Tax Office (Long Term Tenant) Second Floor Leased to Local Non-Profit Perfect value add site for future development, income producing property, or increasing rents in the near future. Two story building, plus cellar, 2 car parking, with alley access, MU-4 Zoning (total 4.5 FAR with IZ, potential for additional development on the site)
Listed by Eddie H Moy, Demers Real Estate,Inc.

Listing Sold by Demers Real Estate, Inc.

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Yeonas & Shafran Real Estate, LLC

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Yeonas & Shafran Real Estate, LLC
Office: 703-790-3330
1309 Vincent Pl
McLean, VA 22101

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Location Information

  • UsmAreaWashington

Parking

  • Parking TypesDriveway

Basic Information

  • Date Listed08/11/2022

Location

  • Address2906 Martin Luther King Jr Avenue Se
  • Building Number2906
  • CountyWashington
  • Directions.7 miles from the Congress Heights Metro via Alabama Avenue, left on 7th street, which turns into Lebaum St., and left on Lebaum Street N on 295 to Malcolm X Avenue, and left on Martin Luther King, Jr. Avenue SE
  • In City Limits YNYes
  • StateDC
  • TownWashington
  • Zip20032

Utilities

  • Central Air YNYes
  • CoolingCentral A/C
  • Cooling FuelElectric
  • Heat SystemCentral
  • Heating FuelNatural Gas
  • Heating YNYes
  • SewerPublic Sewer
  • Water HeaterNatural Gas
  • Water SourcePublic

Basic Information

  • Broker NameDemers Real Estate, Inc.
  • List Price$650,000
  • MLS NumberDCDC2062624
  • MLS Property TypeCommercial Sale
  • Price Per Square Foot201
  • Sale Date02/16/2023
  • Sale Price$632,000
  • StatusSLD
  • Units2

Property

  • Acreage0.04
  • Business TypeOther/General Retail
  • Lot Size SourceAssessor
  • Lot Size Square Feet1,900
  • Property SubTypeMixed Use
  • ZoningMU-4
  • Zoning DescriptionMixed Use zone, ... housing, and mixed uses for large segments of DC,3.0 IZ FAR plus 1.5 Commercial Far,50' height.

Legal

  • PossessionSettlement
  • Sale TypeStandard
  • Total Actual Rent43200

Tax Information

  • Assessment Year2022
  • City Town Tax$5,063
  • City Town Tax Payment FrequencyAnnually
  • Tax Assessment Amount$414,460
  • Tax Lot36
  • Tax Year2022
  • Taxes$5,063
  • Total Taxes Payment FrequencyAnnually

Building

  • Building Area SourceAssessor
  • Building Area Total3229
  • Construction MaterialsBrick
  • Total Garage And Parking Spaces2
  • Total Restrooms2
  • Year Built1934
  • Year Built Effective1990

Amenities

  • Accessibility Amenities32"+ wide Doors

Other

  • BuyerfinancingConventional
  • Gross Income43200
  • Soil TypesUrban Land-Beltsville-Chillum
  • View Count7

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Copyright 2024 BRIGHT, All Rights Reserved.  Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Yeonas & Shafran Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Data last updated September 7, 2024. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

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