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Union Market District Retail Space
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500 Penn St NE, Washington, DC

Retail space in a vibrant, historically relevant market district.

Space Size1,000 SF - 11,710 SF
Lot Size1.01 Acres
Days on Market1308

Property Features for 500 Penn St NE

General Information

Standard status Active
Size 1,000 SF - 11,710 SF
Lot size 1.01 Acres
Property subtype RETAIL

Spaces For Lease

at 500 Penn St NE Contact us

500 Penn St NE

Floor
1
Size
1,000 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- Pioneering vision is the driving force behind Union Market District, an historically...
show more
Contact us

500 Penn St NE

Floor
1
Size
11,710 SF
Type
RETAIL
Rate
Contact for pricing
Availability
AVAILABLE, Now
Sublease
No
- Pioneering vision is the driving force behind Union Market District, an historically...
show more
Contact us
Listing Agency: Edens - Corporate
Listed By: Stephanie Fox Miller
Source: Moodyscre
Added: Jan 13, 2023 Changed: Aug 8 Last Checked: Aug 12 at 10:40AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Edens - Corporate

Investment Insights

Based on property information with market context.

Located in the Union Market District, this property offers 1,000 square feet of space suitable for retail, restaurants, or other shopping center concepts. The Union Market District is a historically relevant neighborhood known for its diverse offerings, including shopping, dining, arts, entertainment, and community events. It has evolved from its origins as a food market into a destination for creative enterprise and authentic experiences. Union Market proper houses over 35 independent merchants and purveyors of food and drink, alongside a mix of small businesses, nationally recognized retail brands, and highly rated restaurants. The district also features La Cosecha, a contemporary Latin American marketplace and culinary embassy designed for community and conversation, with a philanthropic mission to foster business education throughout Latin America. An open-air rooftop bar and green space with 360-degree city views further distinguishes the Union Market District.

Key Highlights

  • Stunning 360‑degree city views from an open‑air rooftop bar and green space.
  • Located in the thriving Union Market District, a hub for shopping, dining, arts, and entertainment.
  • Home to Union Market, featuring over 35 independent food and drink merchants.

Property Analytics

Current Use

Creative Theory Agency Advertising Agency DECADE Marketing & Advertising BluShark Digital LLC Marketing & Advertising Information Unlimited Inc Consultant MedShark Digital Marketing & Advertising

Suggested Use

Top Pick Building Supply Dental Office Auto Parts Store Big Box & Wholesale Store Auto Repair Shop Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,255
Businesses Nearby
108k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Hotels & Casinos 49% Dining 34% Shops & Services 18%
The Morrow Washington Dc, Curio Collection By Hilton Hotels & Casinos
25,013 visits/mo 0.4 miles
McDonald's Dining
23,826 visits/mo 0.5 miles
Courtyard Washington, Dc/U.S. Capitol Hotels & Casinos
19,090 visits/mo 0.4 miles
Marathon Petroleum Shops & Services
11,984 visits/mo 0.2 miles
Dunkin' Donuts Dining
8,152 visits/mo 0.5 miles

Market

Vacancy Rate% for Retail in Washington, DC

4.9% 2019
5.4% 2020
5.6% 2021
4.8% 2022
4.6% 2023
4.2% 2024
4.6% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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Frequently Asked Questions

What type of property is this?
Shopping center - Retail space in a vibrant, historically relevant market district.
Where is this shopping center located?
The property is located at 500 Penn St NE Washington, DC.
What are key features of this property?
This property features: Stunning 360‑degree city views from an open‑air rooftop bar and green space.; Located in the thriving Union Market District, a hub for shopping, dining, arts, and entertainment.; Home to Union Market, featuring over 35 independent food and drink merchants.
(202) 902-2666 Call to check price and availability
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