Property

Washington, DC 20020 1916 Martin Luther King Jr Avenue SE

1916 Martin Luther King Jr Avenue SE Washington, DC - Image 11916 Martin Luther King Jr Avenue SE Washington, DC - Image 21916 Martin Luther King Jr Avenue SE Washington, DC - Image 3
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1916 Martin Luther King Jr Avenue SE Washington, DC - Image 41916 Martin Luther King Jr Avenue SE Washington, DC - Image 51916 Martin Luther King Jr Avenue SE Washington, DC - Image 61916 Martin Luther King Jr Avenue SE Washington, DC - Image 7
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  • MLS# DCDC2161786
  • 09/29/2024
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  • SQFT • 690

Home Details

The business opportunity at 1916 Martin Luther King Jr Avenue in Washington, DC, is a well-established carryout restaurant generating a steady monthly revenue of $20,000 to $30,000. This suggests strong local demand and potential for growth, particularly in a high-traffic area. Key details of the business are: Rent: $4,500 per month, a manageable expense compared to revenue, allowing for healthy margins. Equipment: The property comes equipped with a full-sized hood and range, essential for preparing a wide variety of cooked meals, increasing the versatility of the menu. Location: Situated on a busy avenue, the restaurant likely benefits from high visibility and foot traffic, making it ideal for a quick-service or takeout-focused business. This opportunity may appeal to entrepreneurs looking to enter the food service industry with an established cash flow, or those seeking to expand an existing brand in Washington, DC. With a strong revenue-to-rent ratio and fully-equipped kitchen, it presents a promising foundation for success. The redevelopment of the Anacostia neighborhood in Washington, DC, has been a transformative process aimed at revitalizing one of the citys most historic areas. Anacostia, once known for its vibrant history and close-knit community, faced decades of economic stagnation and underinvestment. In recent years, however, there has been a concerted effort to improve infrastructure, housing, commercial spaces, and public services in the area, bringing new opportunities and challenges to the community.
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Interior Features for 1916 Martin Luther King Jr Avenue SE

Other Interior Features

Central Air Y/NNo
Heating FuelNatural Gas
Heating Y/NYes
Hot WaterNatural Gas

General for 1916 Martin Luther King Jr Avenue SE

AccessibilityNone
Business TypeRestaurant/Bar
CityWASHINGTON
Construction MaterialsBrick
CountyWASHINGTON
Current UseFood & Beverage, Restaurant
Days on Market6
DirectionsMLK
HeatingCentral
Legal SubdivisionAnacostia
Lot Size Square Feet1393.00
Lot Size UnitsSquare Feet
ModificationTimestamp2024-10-04T13:46:23
New ConstructionNo
Possession0-30 Days CD
Price Per Sq Ft Total AG27.54
Property SubTypeRetail
Property TypeBusiness Opportunity
SewerPublic Sewer
Standard StatusActive
StatusACTIVE
Tax Annual Amount2882.0
Tax Assessed Value174660.0
Tax Lot869
Tax Year2023
Vacation Rental Y/NNo
Water Access Y/NNo
Waterfront Y/NNo
Year Built1962
Year Built SourceAssessor
ZoningMU-7B

Exterior for 1916 Martin Luther King Jr Avenue SE

Building Area Total690.00
Car Parking Spaces
Land Assessed Value99770.00
Land Use Code
Lot Size Acres0.03
Lot Size SourceAssessor
Navigable Water Y/NNo
Soil TypesUnknown
Total Loading Docks0
Total Parking Spaces0
Type of ParkingOn Street
Water Oriented Y/NNo
Water SourcePublic
Water View Y/NNo

Additional Details

Price History

Charles Torres

Owner
Price $19,000
MLS#DCDC2161786
List Date 09/29/2024
Property Type Business Op
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