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1216 W Street SeWashington, DC 20020MLS Number DCDC2091416

  • Price: $800,000
  • 157 Days on Market
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Federal 30-year interest rate: 7.19% last updated on Sep 21, 2023
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  • 0.05Acreage
  • 1928Year Built
  • 369Price Per Square Foot
  • 1Units
INVESTORS AND DEVELOPERS!! - LOOK AT THIS LOCATION!! Looking for an excellent investment opportunity in the heart of Anacostia's historic district in the Nation's Capital? Look no further than this commercial retail mixed-use zoned building located in the bustling area of Martin Luther King Jr Ave South East. This two-level building with a basement is an investor's dream and a developer's delight with initial rehab started and waiting for your put-back. Its prime location is at the center of major development and growth in South East Washington DC, offering an excellent opportunity for commercial ventures in a high-traffic area. The building currently shows dual meters, presenting an opportunity for investors to reconfigure the space and maximize its potential. Additionally, it is situated in an area with excellent foot traffic, ensuring that a commercial venture will be exposed to a high number of potential customers. The surroundings of this property boast major mixed-use commercial buildings under development including The Clara on Martin Luther King, MLK Gateway Phase 2 Retail and Office, flats/condos, and nearby you will find historic sites such as the Franklin Douglas House National Landmark, public transportation, Starbucks, BusBoys And Poets, The Big Chair Landmark, Children's National Building, Anacostia Professional Building, Union Temple Baptist Church, Martha's Table, and more making it an ideal location for a wide range of businesses. Don't miss out on this prime investment opportunity in one of the most sought-after areas of Washington DC. Contact Jonathan Jefferson (202) 527-4674 or Cheryl Smiler (240) 882-0770 to schedule a showing and make an offer on this exceptional property.
Listed by Cheryl Smiler, EXP Realty,LLC

Driving Directions

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

More Info

Location Information

  • UsmAreaWashington

Parking

  • Assigned Parking Spaces
  • Parking TypesOn Street

Basic Information

  • Date Listed04/24/2023

Location

  • Address1216 W Street Se
  • Building Number1216
  • CountyWashington
  • DirectionsLocated on W street SOUTHEAST off Martin Luther King Jr Ave SE. From South, take Rt295 North to Martin Luther King Jr Ave SE, Turn off on Martin Luther King Jr Ave and Left on W street near the historic Big Chair. Alternatively, take Suitland Parkway, to Sheridan Rd SE, to Martin Luther King Jr Ave SE, and Right on W street.
  • In City Limits YNYes
  • StateDC
  • TownWashington
  • Zip20020

Amenities

  • Accessibility AmenitiesOther

Basic Information

  • Broker NameEXP Realty, LLC
  • List Price$800,000
  • MLS NumberDCDC2091416
  • MLS Property TypeCommercial Sale
  • Price Per Square Foot369
  • StatusACT
  • Units1

Building

  • Building Area SourceAssessor
  • Building Area Total2166
  • Construction MaterialsBrick, Frame
  • Garage Spaces
  • Num Attached Garage Spaces
  • Num Detached Garage Spaces
  • Total Garage And Parking Spaces
  • Year Built1928

Utilities

  • CoolingOther
  • Cooling FuelOther
  • Heat SystemOther
  • Heating FuelOther
  • Heating YNYes
  • SewerPublic Hook/Up Avail
  • Water HeaterOther
  • Water SourcePublic Hook-up Available

Tax Information

  • Assessment Year2022
  • City Town Tax5975
  • City Town Tax Payment FrequencyAnnually
  • County Tax Payment FrequencyAnnually
  • Tax Assessment Amount348970
  • Tax Lot833
  • Tax Year2022
  • Taxes$5,975
  • Total Taxes Payment FrequencyAnnually

Property

  • Acreage0.05
  • Business TypeOther/General Retail
  • Lot Size SourceAssessor
  • Lot Size Square Feet2,312
  • New Construction YNN
  • Property SubTypeMixed Use
  • ZoningMU-7A
  • Zoning DescriptionMixed Use Zone. Medium Density. Use Code 049 - Commercial-Retail (Miscellaneous) Building Category: Residential (IZ)

Other

  • Soil TypesUnknown

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Copyright 2023 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 27, 2023. 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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