$ 19,000
1916 MARTIN LUTHER KING JR AVE SE Washington, DC 20020
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$ 19,000
Est. payment /mo
Price Dropped by $19K
1916 MARTIN LUTHER KING JR AVE SE Washington, DC 20020
690 SqFt
UPDATED:
10/04/2024 05:46 PM
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 690 sqft
Price per Sqft $27
MLS Listing ID DCDC2161786
Originating Board BRIGHT
Year Built 1962
Annual Tax Amount $2,882
Tax Year 2023
Lot Size 1,393 Sqft
Acres 0.03
Property Description
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 city’s 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.
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 city’s 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.
Location
State DC
County Washington
Zoning MU-7B
Interior
Hot Water Natural Gas
Heating Central
Heat Source Natural Gas
Exterior
Waterfront N
Water Access N
Accessibility None
Parking Type On Street
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 5769//0869
Ownership Leasehold
SqFt Source Assessor
Special Listing Condition Standard
Listed by Kenn B Blagburn • DC Real Property,LLC
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