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2626 Pennsylvania Avenue NWWashington, DC 20037MLS Number DCDC2029018

  • Price: $18,500,000
  • 257 Days on Market
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Federal 30-year interest rate: 6.29% last updated on Sep 22, 2022
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2626 Pennsylvania Avenue NW Washington DC 200372626 Pennsylvania Avenue NW Washington DC 200372626 Pennsylvania Avenue NW Washington DC 200372626 Pennsylvania Avenue NW Washington DC 200372626 Pennsylvania Avenue NW Washington DC 200372626 Pennsylvania Avenue NW Washington DC 200372626 Pennsylvania Avenue NW Washington DC 200372626 Pennsylvania Avenue NW Washington DC 200372626 Pennsylvania Avenue NW Washington DC 200372626 Pennsylvania Avenue NW Washington DC 200372626 Pennsylvania Avenue NW Washington DC 200372626 Pennsylvania Avenue NW Washington DC 200372626 Pennsylvania Avenue NW Washington DC 200372626 Pennsylvania Avenue NW Washington DC 200372626 Pennsylvania Avenue NW Washington DC 200372626 Pennsylvania Avenue NW Washington DC 200372626 Pennsylvania Avenue NW Washington DC 200372626 Pennsylvania Avenue NW Washington DC 200372626 Pennsylvania Avenue NW Washington DC 200372626 Pennsylvania Avenue NW Washington DC 200372626 Pennsylvania Avenue NW Washington DC 200372626 Pennsylvania Avenue NW Washington DC 200372626 Pennsylvania Avenue NW Washington DC 200372626 Pennsylvania Avenue NW Washington DC 200372626 Pennsylvania Avenue NW Washington DC 200372626 Pennsylvania Avenue NW Washington DC 200372626 Pennsylvania Avenue NW Washington DC 200372626 Pennsylvania Avenue NW Washington DC 200372626 Pennsylvania Avenue NW Washington DC 200372626 Pennsylvania Avenue NW Washington DC 200372626 Pennsylvania Avenue NW Washington DC 200372626 Pennsylvania Avenue NW Washington DC 200372626 Pennsylvania Avenue NW Washington DC 200372626 Pennsylvania Avenue NW Washington DC 200372626 Pennsylvania Avenue NW Washington DC 200372626 Pennsylvania Avenue NW Washington DC 200372626 Pennsylvania Avenue NW Washington DC 200372626 Pennsylvania Avenue NW Washington DC 200372626 Pennsylvania Avenue NW Washington DC 200372626 Pennsylvania Avenue NW Washington DC 200372626 Pennsylvania Avenue NW Washington DC 200372626 Pennsylvania Avenue NW Washington DC 200372626 Pennsylvania Avenue NW Washington DC 200372626 Pennsylvania Avenue NW Washington DC 200372626 Pennsylvania Avenue NW Washington DC 200372626 Pennsylvania Avenue NW Washington DC 200372626 Pennsylvania Avenue NW Washington DC 200372626 Pennsylvania Avenue NW Washington DC 200372626 Pennsylvania Avenue NW Washington DC 200372626 Pennsylvania Avenue NW Washington DC 200372626 Pennsylvania Avenue NW Washington DC 200372626 Pennsylvania Avenue NW Washington DC 200372626 Pennsylvania Avenue NW Washington DC 200372626 Pennsylvania Avenue NW Washington DC 200372626 Pennsylvania Avenue NW Washington DC 200372626 Pennsylvania Avenue NW Washington DC 200372626 Pennsylvania Avenue NW Washington DC 200372626 Pennsylvania Avenue NW Washington DC 20037
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  • 0.2Acreage
  • 1974Year Built
  • UrbanLocationType
  • 508Price Per Square Foot
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.
Listed by Stephen M Karbelk, CENTURY 21 Commercial New Millennium

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Yeonas & Shafran Real Estate, LLC
Yeonas & Shafran Real Estate, LLC
Office: 703-790-3330
1309 Vincent Pl
McLean, VA 22101

More Info

Basic Information

  • Broker NameCENTURY 21 Commercial New Millennium
  • List Price$18,500,000
  • LocationTypeUrban
  • MLS NumberDCDC2029018
  • MLS Property TypeCommercial Sale
  • Price Per Square Foot508
  • Security FeaturesExterior Cameras, Fire Detection System, Security System, Sprinkler System - Indoor, Surveillance Sys
  • StatusPEN

Property

  • Acreage0.2
  • Business TypeProfessional
  • Lot DescriptionBacks to Trees, Road Frontage
  • Lot Size SourceAssessor
  • Lot Size Square Feet8,762
  • Property SubTypeOffice
  • ZoningMU-10
  • Zoning DescriptionMixed Use

Utilities

  • Central Air YNYes
  • CoolingCentral A/C
  • Cooling FuelElectric
  • Heat SystemForced Air
  • Heating FuelElectric
  • Heating YNYes
  • SewerPublic Sewer
  • Water HeaterElectric
  • Water SourcePublic

Tax Information

  • Assessment Year2021
  • City Town Tax Payment FrequencyAnnually
  • County Tax Payment FrequencyAnnually
  • Tax Assessment Amount15495960
  • Tax Lot27
  • Tax Year2021
  • Total Taxes Payment FrequencyAnnually

Building

  • Building Area SourceAssessor
  • Building Area Total36407
  • Construction MaterialsConcrete, Brick
  • Elevators2
  • Entry Level1
  • Garage Spaces
  • Num Attached Garage Spaces
  • Num Detached Garage Spaces
  • Stories5
  • Total Garage And Parking Spaces42
  • Year Built1974
  • Year Built Effective1998

Water Body

  • Water View YNYes

Other

  • Soil TypesUnknown
  • View Count3

Parking

  • Assigned Parking Spaces
  • Parking FeaturesLighted Parking, Paved Parking, Private
  • Parking TypesOn Street, Private Garage

Basic Information

  • Date Listed01/11/2022

Location

  • Address2626 Pennsylvania Avenue NW
  • Building Number2626
  • CountyWashington
  • Cross Street26th Street NW
  • DirectionsFrom the White House in Washington DC, head west on Pennsylvania Ave for around 1 mile to 2626 building on left, about two blocks past the K Street / Washington Circle and just before the bridge crossing over Rock Creek into Georgetown.
  • In City Limits YNYes
  • StateDC
  • TownWashington
  • Zip20037

Interior

  • Door FeaturesAtrium

Amenities

  • Accessibility AmenitiesElevator, Ramp - Main Level
  • Other AmenitiesWater View

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Copyright 2022 BRIGHT, All Rights Reserved.  Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Yeonas & Shafran Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Data last updated September 25, 2022. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

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