1518 K St NW - Loft/Creative Space FOR SALE


Washington, DC 20005- National Mall
$5,950,000 USD
202-318-6800
1518 K St NW, Washington, DC for Sale
$5,950,000 USD
Loft/Creative Space - FOR SALE
1/10
null | Request Cap Rate

NEW


1518 K St NW
Washington, DC 20005
National Mall


HIGHLIGHTS

  • Ideal User Opportunity | 17,390 SF of Vacant Office Space Above the Retail Unit
  • Rare Boutique Headquarters Location in Downtown Washington, D.C. | Only 3 Blocks from the White House Along the Famed K Street Corridor
  • Mazi New American Cuisine Occupies the First Level & Sublevel
  • D-6 Zoning Permits Office, Retail, Residential, Lodging & Institutional Uses | Window Lines on 3 Sides Allows for Numerous Conversion Options
  • 4 Different Metrorail Lines Accessible within 3 Blocks | 100 Transit Score | 99 Walk Score
  • Highly Amenitized Area Surrounded by Prominent Hotels & Fine Dining

OVERVIEW

Feldman Ruel is pleased to offer for sale 1518 K Street NW which represents a rare opportunity for an user to establish a boutique headquarters in the heart of downtown Washington, D.C., with 17,390 square feet of office space that can be delivered vacant above an occupied ground-floor restaurant or for a developer to reposition the asset through a process of strategic renovations. Located three blocks from the White House along the renowned K Street corridor, the subject property is surrounded by premier hotels, dining, nightlife, and a dense concentration of advocacy groups, law firms, trade associations, and think tanks for which the K Street corridor has become known. The building itself, referred to as the Peyser Building or the Security Savings and Commercial Bank building, features a limestone façade in the reduced Classical Revival style with Renaissance influences and is listed on both the D.C. Inventory of Historic Sites and the National Register of Historic Places for its architectural significance and role in the establishment of Washington, D.C.s financial district. Zoned D-6, 1518 K Street NW allows for a wide range of by-right uses including office, retail, residential, lodging, and institutional, with additional development potential, which would be subject to historic review. The location offers exceptional accessibility, with a Transit Score of 100 and a Walk Score of 99, and proximity to multiple Metrorail lines (four within three blocks), Metrobus routes, Capital Bikeshare docking stations, and numerous nearby parking options.

FOR SALE DETAILS

PRICE

$5,950,000 USD

PRICE/SF

$229 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

7

BUILDING CLASS

B

YEAR BUILT

1928

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,493 SF

ZONING

D-6

APN/PARCEL ID

0199-0821

ASK ABOUT THIS PROPERTY

Josh FeldmanFeldman Ruel Urban Property Advisors, LLCMore Info
202-318-6800

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Josh FeldmanFeldman Ruel Urban Property Advisors, LLCMore Info
202-318-6800

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