Log In/Sign Up
Your email has been sent.
2320 Martin Luther King Jr Ave SE
Washington, DC 20020
Retail Property For Sale
Investment Highlights
- Opportunity Zone and HUBZone certified site offering potential tax and investment benefits.
- Quick access to Downtown Washington, D.C. and major commuter routes.
- Positioned within a rapidly growing redevelopment corridor with strong neighborhood improvements.
- Prime frontage on Martin Luther King Jr. Avenue in Southeast D.C.
- Zoned MU-4, ideal for mixed-use, multifamily, or retail redevelopment.
Executive Summary
2320 Martin Luther King Jr. Avenue SE offers a prominent redevelopment opportunity in the heart of Southeast Washington, D.C. The site encompasses approximately 14,604 square feet and is zoned MU-4 with a 3.0 FAR, enabling up to 43,812 buildable square feet. This flexible zoning supports residential, retail, or mixed-use redevelopment, making it suitable for a variety of end uses.
Situated in a rapidly transforming corridor, the property benefits from Opportunity Zone and HUBZone designations, which may provide significant incentives for developers and investors. Located minutes from Downtown Washington, the site also boasts excellent visibility and direct frontage along Martin Luther King Jr. Avenue. Nearby amenities include major financial institutions, restaurants, health services, and proximity to city transportation networks, ensuring long-term value and viability.
Situated in a rapidly transforming corridor, the property benefits from Opportunity Zone and HUBZone designations, which may provide significant incentives for developers and investors. Located minutes from Downtown Washington, the site also boasts excellent visibility and direct frontage along Martin Luther King Jr. Avenue. Nearby amenities include major financial institutions, restaurants, health services, and proximity to city transportation networks, ensuring long-term value and viability.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
43,812 SF
Building Class
C
Year Built
1965
Price
$3,595,000
Price Per SF
$82.06
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
1.00
Lot Size
1.01 AC
Opportunity Zone
Yes
Zoning
MU-4 - Mixed Use
Parking
10 Spaces (1.62 Spaces per 1,000 SF Leased)
Frontage
76’ on Martin Luther King Jr Ave
Property Taxes
| Parcel Number | 5805-0823 | Improvements Assessment | $648,350 |
| Land Assessment | $589,420 | Total Assessment | $1,237,770 |
Property Taxes
Parcel Number
5805-0823
Land Assessment
$589,420
Improvements Assessment
$648,350
Total Assessment
$1,237,770
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
