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1518 K St NW
Washington, DC 20005
Office Property For Sale


INVESTMENT HIGHLIGHTS
- Ideal User Opportunity | 17,390 SF of Vacant Office Space Above the Retail Unit
- Mazi New American Cuisine Occupies the First Level & Sublevel
- 4 Different Metrorail Lines Accessible within 3 Blocks | 100 Transit Score | 99 Walk Score
- Rare Boutique Headquarters Location in Downtown Washington, D.C. | Only 3 Blocks from the White House Along the Famed K Street Corridor
- D-6 Zoning Permits Office, Retail, Residential, Lodging & Institutional Uses | Window Lines on 3 Sides Allows for Numerous Conversion Options
- Highly Amenitized Area Surrounded by Prominent Hotels & Fine Dining
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
24,346 SF
Building Class
B
Year Built
1928
Price
$8,255,030 CAD
Price Per SF
$339.07 CAD
Percent Leased
21%
Tenancy
Multiple
Building Height
7 Stories
Typical Floor Size
3,478 SF
Slab To Slab
12’
Building FAR
6.97
Lot Size
0.08 AC
Zoning
D-6 - a specific designation in a zoning ordinance that allows for a mix of residential and commercial uses, often with higher density options
AMENITIES
- Restaurant
PROPERTY TAXES
| Parcel Number | 0199-0821 | Improvements Assessment | $3,807,151 CAD |
| Land Assessment | $3,198,387 CAD | Total Assessment | $7,005,538 CAD |
PROPERTY TAXES
Parcel Number
0199-0821
Land Assessment
$3,198,387 CAD
Improvements Assessment
$3,807,151 CAD
Total Assessment
$7,005,538 CAD
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