3333 MARTIN LUTHER KING JR AVENUE, Washington, DC 20032

Commercial Property
Built in 1905
6,534sqft lot
—— car garage
$——/sqft
Listed 4 months ago

Property Description

HUGE PRICE IMPROVEMNET. Prime Investment Opportunity: Vacant Mixed-Use Property in Certified Business Enterprise (CBE) Zone This exceptional three-level colonial building, located in a Certified Business Enterprise (CBE) Zone, offers unmatched potential for investors and developers. Whether you're considering a condo conversion, mixed-use development, or other creative ventures, this property is ready to bring your vision to life. Key Features: Location: Positioned on MLK Ave SE, a high-visibility corridor currently undergoing revitalization with a projected investment of $8,516,224.70. Located in an Opportunity Tax Zone, offering potential tax incentives for your investment. Easy access to major destinations, including I-295, U.S. Capitol, The White House, Gaylord National Resort, and more. Property Details: Building Size: 3,929 sq. ft. Lot Size: A larger-than-average 6,374 sq. ft., providing ample opportunities for redevelopment. First Floor: Ideal for retail or commercial use, complete with an unfinished basement offering additional space for expansion or storage. Second Floor: A spacious 3-bedroom, 2-bath unit with 10-ft ceilings, abundant natural light, and walk-in closets, making it perfect for residential or office use. Endless Possibilities: The property’s flexible layout and zoning make it suitable for a wide range of uses. From commercial ventures to residential conversions, this space is a blank canvas ready for transformation. Why Invest? Positioned in an area experiencing significant revitalization and growth. High foot and vehicle traffic along MLK Ave SE, ensuring visibility and accessibility. Close proximity to key government and commercial landmarks in Washington, DC. This is your chance to secure a valuable property in a rapidly developing area. With its combination of location, size, and potential, this mixed-use property is a rare find that won’t last long. SOLD AS-IS. Don’t miss out on this opportunity – schedule your showing today!

Listing Status:: Active
Date Added:: January 12, 2025 at 06:00AM
Listing Office:: Summer Realtors Inc : 7032171200
Listing Agent:: Semere Ambaye : 7032171200
MLS ID:: DCDC2174356

A/C: Central A/C
Heating: Electric
Disability Feature: None

This listing courtesy of Semere Ambaye, Summer Realtors Inc

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Martin Luther King Elementary School

3200 6th St SE, Washington, DC, 20032

Grades EE-5

0.27 miles away

Hart Middle School

601 Mississippi Ave SE, Washington, DC, 20032

Grades 6-8

0.46 miles away

Ballou Stay High School

3401 4th St SE, Washington, DC, 20032

Grades 9-12

0.29 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.