Sold

2626 Pennsylvania Ave NW

Washington DC, 20037

$18,500,000


$508.14 per sqft

Sold

36,407 sqft

Commercial

Built in 1974

Rare redevelopment opportunity to purchase a five-story urban office building located at 2626 Pennsylvania Avenue, NW in Washington, DC. Exceptionally well-positioned just outside of Georgetown in the West End submarket, this 32,750 SF office building rests on 0.20 acres and has significant residential redevelopment potential. The property offers a prestigious Pennsylvania Avenue address and the building overlooks Rock Creek Park with spectacular views from window lines on three sides, across the bridge from Georgetown. This area will always be valuable and in high demand, and any property that is redeveloped would be considered a trophy location. It is presently owner-occupied by The Salvation Army DC/VA Headquarters. The Salvation Army plans on relocating from this property but will consider a sale/rent back not to exceed 9 - 12 months as they transition to a new location.

The building was constructed in 1975 and renovated in 1998. There are five floors of offices with two levels of underground parking garage with 42 parking spaces. The property benefits from immediate access near the end of I-66, Whitehurst Freeway, and K Street while being only five blocks from the Foggy Bottom Metro Station. There is convenient access to Georgetown's popular restaurants, entertainment, and shopping destinations. Numerous windowed offices and the rooftop offer panoramic views of Washington, DC and the Potomac River.

The buyer may consider a light renovation of the building and continue to hold the property while generating income with a new tenant, but the building has many other possibilities for redevelopment under the MU-10, Mixed Use zoning. Redevelopment should be able to get up to ten (10) floors, plus the underground garage levels, with a variance from the DC government.

A more in-depth description and additional property details are included in the Offering Memorandum, available through the Listing Agent.

DCDC2029018

MLS ID

February 15, 2024

Updated

Map

2626 Pennsylvania Ave NW
Washington DC, 20037

Interior Features

Total Stories

5


Interior Features

Elevator


Appliances

Electric Water Heater


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Forced Air, Electric

Exterior/Building Features

Lot Size

0.2 Acres


Sewer

Public Sewer

Other Property Details

Days on Market

80


Garage

No


Parking

On Street


Parking Total

42


View

Yes


View Description

Water, City, Creek/Stream, River, Street, Trees/Woods


County

WASHINGTON


Water Source

Public


Pool

No


Zoning

Mixed Use


Buyer Agency Compensation

1.25%

Listed by Stephen M Karbelk, with CENTURY 21 Commercial New Millennium
Listing Contact: 5714811037 

The IDX display contains information sourced from the Bright MLS, Inc. as of 2/15/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 2/15/2024 at 9:47 PM UTC

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