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FAITS SAILLANTS DE L'INVESTISSEMENT
- Prime U Street Corridor Location – Steps from 14th & U with exceptional visibility, strong foot traffic, and access to Metro.
- Income Upside Potential for Investor or Owner/User - Fully Built Out Vacant Bi-Level Office Suite and Separate First Floor Vacant Retail.
- Flexible MU-4 Zoning – Permits retail, office, and multifamily uses with separate access points allowing for owner-occupant or multi-tenant
- Great Streets Grant Eligible – Potential to access up to $80,000 in funding for renovations, equipment, and storefront improvements.
RÉSUMÉ DE L'ANNONCE
Marcus & Millichap is pleased to exclusively present 1508 U Street NW, a four-level, mixed-use investment property totaling approximately 3,600 square feet in the heart
of Washington, D.C.’s dynamic U Street Corridor. Affectionately known as The RBG Building, the property holds national recognition as the site of the first public mural
honoring Supreme Court Justice Ruth Bader Ginsburg, featured by CNN and personally visited by Justice Ginsburg herself. With prime frontage along U Street and
additional visibility from a rear public alley, this asset offers unmatched exposure and dual signage opportunities.
The property is zoned MU-4 and currently configured with a ground-floor retail suite and a bi-level office space above, allowing for flexible owner-user or multi-tenant
strategies. Four on-site parking spaces further enhance tenant and customer convenience, an uncommon amenity in this high-density corridor. At a pro forma Net
Operating Income of $161,659, the property delivers a compelling 7.52% cap rate.
Strategically positioned just steps from 14th & U, the property offers exceptional walkability to the U Street Metro which serves the Green/Yellow Lines. The surrounding
neighborhood is one of the most vibrant in Washington, D.C., characterized by high foot traffic, strong demographics with average household incomes of $197,000
within a half-mile, and sustained demand from both residents and businesses.
The investment outlook is bolstered by over $1 billion of recent and planned development in the immediate area, including the Reeves Center redevelopment and
multiple large-scale projects by Hoffman & Associates, Transwestern, EastBanc, and FORTIS Companies. Within one mile, more than 800 new residential units, 43,000
square feet of retail, and 100,000 square feet of office space are under development, further fueling long-term appreciation and rent growth.
Whether acquired as a cash-flowing asset today or ideal for owner user, 1508 U Street NW represents a rare opportunity to own a piece of Washington, D.C. history in
one of its most enduringly valuable submarkets.
of Washington, D.C.’s dynamic U Street Corridor. Affectionately known as The RBG Building, the property holds national recognition as the site of the first public mural
honoring Supreme Court Justice Ruth Bader Ginsburg, featured by CNN and personally visited by Justice Ginsburg herself. With prime frontage along U Street and
additional visibility from a rear public alley, this asset offers unmatched exposure and dual signage opportunities.
The property is zoned MU-4 and currently configured with a ground-floor retail suite and a bi-level office space above, allowing for flexible owner-user or multi-tenant
strategies. Four on-site parking spaces further enhance tenant and customer convenience, an uncommon amenity in this high-density corridor. At a pro forma Net
Operating Income of $161,659, the property delivers a compelling 7.52% cap rate.
Strategically positioned just steps from 14th & U, the property offers exceptional walkability to the U Street Metro which serves the Green/Yellow Lines. The surrounding
neighborhood is one of the most vibrant in Washington, D.C., characterized by high foot traffic, strong demographics with average household incomes of $197,000
within a half-mile, and sustained demand from both residents and businesses.
The investment outlook is bolstered by over $1 billion of recent and planned development in the immediate area, including the Reeves Center redevelopment and
multiple large-scale projects by Hoffman & Associates, Transwestern, EastBanc, and FORTIS Companies. Within one mile, more than 800 new residential units, 43,000
square feet of retail, and 100,000 square feet of office space are under development, further fueling long-term appreciation and rent growth.
Whether acquired as a cash-flowing asset today or ideal for owner user, 1508 U Street NW represents a rare opportunity to own a piece of Washington, D.C. history in
one of its most enduringly valuable submarkets.
SALLE DE DONNÉES Cliquez ici pour accéder à
BILAN FINANCIER (PRO FORMA - 2025) Cliquez ici pour accéder à |
ANNUEL (CAD) | ANNUEL PAR pi² (CAD) |
|---|---|---|
| Revenu de location brut |
$99,999
|
$9.99
|
| Autres revenus |
-
|
-
|
| Perte due à l’inoccupation |
-
|
-
|
| Revenu brut effectif |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Dépenses d’exploitation |
$99,999
|
$9.99
|
| Total des dépenses |
$99,999
|
$9.99
|
| Revenu net d’exploitation |
$99,999
|
$9.99
|
BILAN FINANCIER (PRO FORMA - 2025) Cliquez ici pour accéder à
| Revenu de location brut (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Autres revenus (CAD) | |
|---|---|
| Annuel | - |
| Annuel par pi² | - |
| Perte due à l’inoccupation (CAD) | |
|---|---|
| Annuel | - |
| Annuel par pi² | - |
| Revenu brut effectif (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Dépenses d’exploitation (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Total des dépenses (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
| Revenu net d’exploitation (CAD) | |
|---|---|
| Annuel | $99,999 |
| Annuel par pi² | $9.99 |
FAITS SUR LA PROPRIÉTÉ
Type de vente
Investissement ou propriétaire utilisateur
Type de propriété
Taille du bâtiment
3 576 pi²
Classe d’immeuble
B
Année de construction/rénovation
1900/2020
Location
Multiples
Hauteur du bâtiment
4 étages
Superficie de plancher typique
894 pi²
Coefficient d’occupation des sols de l’immeuble
2,05
Taille du lot
0,04 AC
Zonage
MU-4 - Usage mixte
Stationnement
4 places (1,12 places par 1 000 pi² loué)
1 1
Walk Score®
Un paradis pour un marcheur (97)
Transit Score®
Excellent transport en commun (84)
Bike Score®
Un paradis pour un cycliste (95)
Impôts fonciers
| Numéro de lot | 0190-0087 | Évaluation totale | 2 200 864 $ CAD |
| Évaluation du terrain | 1 088 480 $ CAD | Impôts annuels | (1 $) CAD (0,00 $ CAD/pi²) |
| Évaluation des bâtiments | 1 112 384 $ CAD | Année d’imposition | 2025 |
Impôts fonciers
Numéro de lot
0190-0087
Évaluation du terrain
1 088 480 $ CAD
Évaluation des bâtiments
1 112 384 $ CAD
Évaluation totale
2 200 864 $ CAD
Impôts annuels
(1 $) CAD (0,00 $ CAD/pi²)
Année d’imposition
2025
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1508 U St NW
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