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Penn Quarter Place 600 E St NW 327,663 SF Vacant Office Building Washington, DC 20004 For Sale
Investment Highlights
- Quick access to Metrorail Yellow, Green and Red Lines via short two block walk
- Quick Access to major routes including Massachusetts Ave, Constitution Ave, and K Street.
- Surrounded by $2B in public-private investment
- Quick Access to Interstate 395, which provides an immediate route out of the City
- Fully vacant with 327,663 RSF and potential for 380K SF
Executive Summary
600 E Street NW presents a rare repositioning opportunity in the heart of Washington, D.C.’s Penn Quarter, one block from Capital One Arena and surrounded by premier cultural, governmental, and transit assets. This 327,663 RSF office building is fully vacant, offering developers a blank canvas to execute a transformative vision. With zoning that supports multifamily, mixed-use, hospitality, and Class A office redevelopment, the site is primed for conversion.
The property benefits from dual frontage on E Street and 6th Street, two levels of underground parking, and proximity to three Metro stations—Gallery Place, Judiciary Square, and Archives—within a two-block radius. The building’s D-6-R zoning allows for up to 9.06 FAR and 120-foot height, with additional density credits available. Concept plans by DEP Architecture outline a multifamily conversion yielding 300–425 units, with layouts ranging from studios to two-bedroom units. Ground-floor retail is strongly encouraged, with interest from grocery and restaurant anchors already emerging.
The surrounding area is undergoing a $2 billion revitalization led by Monumental Sports and the District, including a $515 million investment into Capital One Arena and adjacent developments. The property also qualifies for the Housing in Downtown (HID) program, offering a 20-year tax abatement for residential conversions, and is located within a Qualified Census Tract, enabling access to Low Income Housing Tax Credits.
This is a generational opportunity to acquire a flagship building in one of D.C.’s most dynamic submarkets, with flexible redevelopment paths and robust public-private incentives.
The property benefits from dual frontage on E Street and 6th Street, two levels of underground parking, and proximity to three Metro stations—Gallery Place, Judiciary Square, and Archives—within a two-block radius. The building’s D-6-R zoning allows for up to 9.06 FAR and 120-foot height, with additional density credits available. Concept plans by DEP Architecture outline a multifamily conversion yielding 300–425 units, with layouts ranging from studios to two-bedroom units. Ground-floor retail is strongly encouraged, with interest from grocery and restaurant anchors already emerging.
The surrounding area is undergoing a $2 billion revitalization led by Monumental Sports and the District, including a $515 million investment into Capital One Arena and adjacent developments. The property also qualifies for the Housing in Downtown (HID) program, offering a 20-year tax abatement for residential conversions, and is located within a Qualified Census Tract, enabling access to Low Income Housing Tax Credits.
This is a generational opportunity to acquire a flagship building in one of D.C.’s most dynamic submarkets, with flexible redevelopment paths and robust public-private incentives.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Office
Building Size
327,663 SF
Building Class
B
Year Built
1975
Percent Leased
Vacant
Tenancy
Multiple
Building Height
10 Stories
Typical Floor Size
32,766 SF
Slab To Slab
10’
Building FAR
9.06
Lot Size
0.83 AC
Zoning
D-6-R - High-density Commercial Development
Parking
300 Spaces (1 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Controlled Access
- Conferencing Facility
- Fitness Center
- Property Manager on Site
- Security System
1 1
Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
100/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 0457-0039 | Improvements Assessment | $34,001,275 CAD |
| Land Assessment | $73,200,904 CAD | Total Assessment | $107,202,179 CAD |
Property Taxes
Parcel Number
0457-0039
Land Assessment
$73,200,904 CAD
Improvements Assessment
$34,001,275 CAD
Total Assessment
$107,202,179 CAD
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Penn Quarter Place | 600 E St NW
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