Washington DC Commercial for Sale
- Type:
- Other
- Sq.Ft.:
- 3,744
- Status:
- NEW LISTING
- Beds:
- n/a
- Lot size:
- 0.24 Acres
- Year built:
- 1991
- Baths:
- MLS#:
- DCDC2187118
- Subdivision:
- Congress Heights
ADDITIONAL INFORMATION
Excellent investment opportunity. Single floor, wheelchair access from rear, wide hallways, fire doors, sprinklered, fire life safety signage and equipment installed. C of O in documents section for "Community Based Residence Facility with 5 beds and 4 staff." Lots of natural light, thanks to an abundance of windowscreating a bright and cheerful atmosphere throughout. Durable and attractive LVP flooring. Large full kitchen and pantry, large full laundry room. Large living areas with open floor plans. Exterior: large off-street parking (doubles as patio). Functionality, and accessibility in a property that truly has it all. /// ??? Close (0.6 mi) to new development, shopping, restaurants, and retail; including Giant Food, IHOP, Chipotle, Wells Fargo. ///??Close (0.3 mi) to Congress Heights Metro Station. // Close to parks, trails, etc; like Oxon Run Park and Bunn Amphitheater (0.2 mi) ////////OPEN HOUSE SATURDAY 3/1/25 10:30AM-12:30PM
$2,500,000
568 Lebaum Street SE Washington, DC 20032
- Type:
- Mixed Use
- Sq.Ft.:
- 10,004
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.22 Acres
- Year built:
- 1941
- Baths:
- MLS#:
- DCDC2175354
- Subdivision:
- Congress Heights
ADDITIONAL INFORMATION
Incredible Opportunity to Own a 10,004 SQFT Mixed Use Complex. Situated on a corner lot, this property is directly adjacent to the largest redevelopment project east of the river—Saint Elizabeths! The Saint Elizabeths redevelopment is set to include 1.8 million SQFT of office space, 1,300 residential units, 200K SQFT of retail, two hotels, and a hospital. It is also currently home to the Washington Mystics—D.C.'s professional women's basketball team. This is a tremendous opportunity to own property right next door and capitalize on the nearby growth and revitalization. The complex has been divided by the owner into five addresses: 568-570 Lebaum Street SE & 2761, 2763, and 2765 Martin Luther King Jr. Ave SE, Washington, D.C. 20032. Zoned MU-4, this property presents a unique opportunity for an investor to develop it into multifamily, retail, office, or lodging. Investors can also choose to lease the property as-is, with the potential to generate $296,000 in gross annual revenue. Alternatively, investors can pursue a hybrid approach—leasing the property to generate immediate income while working through the entitlement process. Conveniently located less than 1 mile from the Congress Heights Metro Station, the property offers easy access to public transportation. Additionally, the property is located in an Opportunity Zone, offering tax benefits and incentives that can contribute to community revitalization, job creation, and affordable housing—all while benefiting from local development programs. This area is poised for explosive growth, awaiting the right investor to seize this exceptional opportunity.
- Type:
- Mixed Use
- Sq.Ft.:
- 4,260
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.15 Acres
- Year built:
- 1905
- Baths:
- MLS#:
- DCDC2174356
- Subdivision:
- Congress Heights
ADDITIONAL INFORMATION
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!
- Type:
- Office
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.24 Acres
- Year built:
- 1923
- Baths:
- MLS#:
- DCDC2167556
ADDITIONAL INFORMATION
OFFICE SPACE FOR RENT. THIS SPACE HAS 4 OFFICES, ONE KITCHEN, 2 BATH, UTILITIES INCLUDED. OFF STREET PARKING. NO PET, NON SMOKING. CHECK WITH DC ZONING AND PALNG FOR YOUR PERMITTED USE
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Washington Real Estate
The median home value in Washington, DC is $415,000. This is lower than the county median home value of $640,500. The national median home value is $338,100. The average price of homes sold in Washington, DC is $415,000. Approximately 37.39% of Washington homes are owned, compared to 52.68% rented, while 9.93% are vacant. Washington real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Washington real estate agent to arrange a tour today!
Washington, District of Columbia 20032 has a population of 683,154. Washington 20032 is more family-centric than the surrounding county with 26.44% of the households containing married families with children. The county average for households married with children is 24.14%.
The median household income in Washington, District of Columbia 20032 is $93,547. The median household income for the surrounding county is $93,547 compared to the national median of $69,021. The median age of people living in Washington 20032 is 34.3 years.
Washington Weather
The average high temperature in July is 88.5 degrees, with an average low temperature in January of 26.5 degrees. The average rainfall is approximately 43.3 inches per year, with 13.7 inches of snow per year.