For Sale
$1,400,000

2401 Martin Luther King Jr AveWashington, DC 20020

Renovated Mixed-Use Property: Income & Living

Overview

Added:
Feb 3
Days on market:
64
This exceptional mixed-use building presents a compelling investment opportunity in Washington, D.C.'s burgeoning Barry Farms neighborhood. Spanning 5,784 square feet on a 0.07-acre lot, the property boasts a newly renovated design, offering both commercial and residential spaces. The ground floor currently houses a grocery store, generating consistent income via a lease extending to October 31, 2026. This provides immediate cash flow for the new owner. Upstairs, a completely renovated apartment awaits, featuring modern cabinetry, updated appliances, stylish flooring, and fresh paint. This space is ideal for immediate occupancy or rental, providing further income potential. A sizable basement offers ample storage, adding significant utility to the property. Located at 2401 Martin Luther King Jr Avenue SE, this property is strategically positioned within a vibrant and evolving community, promising strong long-term growth and return on investment. The asking price for this turnkey opportunity is $1,400,000. This is a rare chance to acquire a property that combines immediate income generation with the flexibility of residential use, making it an attractive proposition for both seasoned investors and those seeking a unique dual-purpose property.

Property Details for 2401 Martin Luther King Jr Ave

Property type
Mixed-use properties
Square Feet
5,784 SF
Year Built
1931
Lot Size (sq. ft)
3,049 SF

Location Insight

City
Washington
County
District Of Columbia
State
District of Columbia
Latitude
38.86288
Longitude
-76.99249
2401 Martin Luther King Jr Ave, Washington, District of Columbia

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2401 Martin Luther King Jr Ave
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