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Listed by Kadjologo Coulibaly • Maison RZK
$990,000
Est. payment /mo
2,446 Sqft Lot
Price Dropped by $60K
1930 MARTIN LUTHER KING JR AVE SE Washington, DC 20020
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Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID DCDC2243654
Year Built 1905
Annual Tax Amount $3,135
Tax Year 2024
Lot Size 2,446 Sqft
Acres 0.06
Property Sub-Type Office
Source BRIGHT
Property Description
Office building that is currently rented with a capitalization rate of 6.6%. The building includes parking that can potentially accommodate two to three cars. The current landlord has recently upgraded the fire alarm systems.
The surrounding areas are rapidly changing, which is expected to increase the property value in the future. Additionally, the building is conveniently located within 20 minutes of Ronald Reagan Washington National Airport (DCA), 15 minutes of National Harbor, and downtown Washington, D.C.
The surrounding areas are rapidly changing, which is expected to increase the property value in the future. Additionally, the building is conveniently located within 20 minutes of Ronald Reagan Washington National Airport (DCA), 15 minutes of National Harbor, and downtown Washington, D.C.
Location
State DC
County Washington
Zoning COMMERCIAL
Interior
Hot Water 60+ Gallon Tank
Cooling Central A/C
Heat Source Natural Gas
Exterior
Garage Spaces 3.0
Water Access N
Accessibility None
Total Parking Spaces 3
Garage N
Building
Sewer Public Septic, Public Sewer
Water Public
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 5769//0039
Ownership Fee Simple
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS