1508 U St NW - Office FOR SALE


Washington, DC 20009- U Street
$2,300,000 USD
202-318-6808
1508 U St NW, Washington, DC for Sale
$2,300,000 USD
Office - FOR SALE
1/10
null | Request Cap Rate

1508 U St NW
Washington, DC 20009
U Street


HIGHLIGHTS

  • • Flexible Delivery at Closing | Short-Term Sale Leaseback Optionality | New Lease In-Place for Ground-Level Retail Space
  • • Winner of PeerSpace’s 2024 Open Door Award for Top Event Spaces
  • • Open Floor Plans Well Suited for Numerous Allowable Uses
  • • Located 2.5 Blocks West of the U Street Metro Station | Green Line
  • • 4 On-Site Parking Spaces & Proximate to Multiple Metrobus Stops
  • • Along a Great Streets Corridor | Grants up to $80,000 for Building Improvements

OVERVIEW

Feldman Ruel is pleased to present 1508 U Street NW, a four-level, mixed-use property totaling approximately 3,600 square feet. Situated along a public alley with unobstructed views, the subject property offers two points of visibility for signage. Affectionately called The RBG Building, the property gained national recognition as the site of the first public mural honoring Supreme Court Justice Ruth Bader Ginsburg, as reported by CNN. The mural, created by local artist Rose Jaffe, spans the building’s full height, and Justice Ginsburg personally visited to express her gratitude to the owner and artist. 1508 U Street NW includes four on-site parking spaces, is in close proximity to multiple Metrobus stations, and is 0.3 miles from the U Street African-Amer Civil War Memorial/Cardozo Metro station, which service the Green line. The subject property can be delivered partially leased with the retail tenant occupying the sub-level, leaving the remaining levels vacant for an owner-occupant. Alternatively, ownership would consider a short-term sale leaseback of the vacant levels to help an investor mitigate their carrying costs as they plan their lease up strategy.. 1508 U Street NW has been leased out for private events using the PeerSpace.com platform, where it recently received its 2024 Open Door Award given to top event spaces. View the subject property on PeerSpace.com.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$643 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

4

BUILDING CLASS

B

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

MU-4

APN/PARCEL ID

0190-0087

ASK ABOUT THIS PROPERTY

Ryan SmithFeldman RuelMore Info
202-318-6808

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Ryan SmithFeldman RuelMore Info
202-318-6808

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.