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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!
| DAYS ON MARKET | 3 | LAST UPDATED | 1/12/2025 |
|---|---|---|---|
| TRACT | CONGRESS HEIGHTS | YEAR BUILT | 1905 |
| COUNTY | WASHINGTON | STATUS | Active |
| PROPERTY TYPE(S) | Commercial |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Electric Water Heater |
| CONSTRUCTION | Brick |
| HEAT | Electric |
| LOT | 6534 sq ft |
| SEWER | Public Sewer |
| SUBDIVISION | CONGRESS HEIGHTS |
| TAXES | 7687 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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