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    500 Penn St NE Washington, DC 20002

    For Lease
    Contact for pricing

    Retail space in a vibrant, historically relevant market district.

    Property size:
    1,000 SF
    Lot size:
    1.01 Acres

    Property Features for 500 Penn St NE

    General Information

    Size
    1,000 SF
    Lot size
    1.01 Acres

    Source: Edens - Corporate Agent Stephanie Fox Miller

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Union Market District Retail Space

    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.
    Insight Report Location Intelligence

    Current Use by Public Records

    Shopping centers

    Similar Places Nearby

    Hechinger Mall, Coin Cloud Bitcoin ATM, Coinstar Kiosk | Bitcoin ATM, Coinstar Kiosk | Bitcoin ATM, Coinstar Kiosk - Bitcoin ATM

    Map

    City
    Washington
    County
    District of Columbia
    State
    DC
    Longitude
    -76.9971703
    Latitude
    38.9105445

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    FAQs

    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) 902-2600
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    500 Penn St NE Washington, DC 20002
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