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1508 U St NW 3,576 sq ft Office Property Washington, DC 20009 For Sale
INVESTMENT HIGHLIGHTS
- 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.
EXECUTIVE SUMMARY
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.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER sq ft |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner Occupier
Property Type
Property Size
3,576 sq ft
Costar Property Class
B
Year Built/Renovated
1900/2020
Tenancy
Multiple
Number of Floors
4
Typical Floor Size
894 sq ft
Plot ratio
2.05
Total Plot Size
0.04 ac
Use Class
MU-4 - Mixed use
Parking
4 Spaces (1.12 Spaces per 1,000 sq ft Leased)
1 1
Walk Score®
Excellent pedestrian access (97)
Transit Score®
Excellent Public Transport (84)
Bike Score®
Ideal For Cyclists (99)
PROPERTY TAXES
| Parcel Number | 0190-0087 | Total Assessment | £1,203,850 |
| Land Assessment | £595,387 | Annual Taxes | -£1 (£0.00/sq ft) |
| Improvements Assessment | £608,463 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
0190-0087
Land Assessment
£595,387
Improvements Assessment
£608,463
Total Assessment
£1,203,850
Annual Taxes
-£1 (£0.00/sq ft)
Tax Year
2025
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1508 U St NW
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