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Freestanding Office Building with Terrace
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501 3rd St NW, Washington, DC 20001

Freestanding, windowed building with a rooftop terrace and tenant-only fitness center, plus on-site conference facility and deli.

Space Size19,723 SF
Days on Market1269

Property Features for 501 3rd St NW

General Information

Standard status Active
Size 19,723 SF
Property subtype OFFICE
Lease Type Full Service

Additional Details

Highway Access Yes

Amenities

conference facility
fitness center
deli
rooftop terrace

Spaces For Lease

at 501 3rd St NW Contact us

501 3rd St NW $51/SF/Yr

Floor
9
Size
19,723 SF
Type
OFFICE
Lease Type
FULL_SERVICE
Availability
AVAILABLE, Now
Sublease
No
-New on-site conference facility accommodates 75 people -Tenant-only fitness center -On-site...
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Listing Agency: Lincoln Property Company | Washington DC
Listed By: Merrill Turnbull
Source: Moodyscre
Added: Feb 20, 2023 Changed: Aug 8 Last Checked: Aug 11 at 11:25AM

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 Lincoln Property Company | Washington DC

Investment Insights

Based on property information with market context.

This freestanding building includes windows on all four sides and offers multiple on-site amenities. The property features a tenant-only fitness center, an on-site deli, and a new on-site conference facility that accommodates up to 75 people. A rooftop terrace is also available with views described as of the Capital Dome and Washington Monument.

The building provides immediate access to the I-395 entrance. It is located one block from the Judiciary Square Metro Station on the red line, and is within walking distance to Union Station. The property is adjacent to the Capitol Crossing development, which includes 55,000 SF of retail.

Overall, the existing configuration supports both workday convenience and tenant-focused amenities within a single freestanding structure.

Key Highlights

  • New on‑site conference facility accommodates 75 people
  • Tenant‑only fitness center and on‑site deli
  • Freestanding building with windows on all 4 sides

Property Analytics

Current Use

Children's Law Center Law Firm Code-CWA Association / Organization Jack's Famous Deli Food Market Newspaper Guild CWA Advocacy Group Nabet-CWA Advocacy Group

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Auto Parts Store Tattoo & Piercing Shop Discount Store Electrical Service Pet Store

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

Yes
Highway access
NNN (Triple Net)
Lease Type
$7.65 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

8,600
Businesses Nearby

Demographics for 20001, DC

49,040
Population
26,728
Households
1.8
Avg Household Size
32
Median Age
78%
College-Educated
95%
High-School Grad
2.0 sq mi
ZIP Area
24,520
Density / Sq Mi
$138,730
Median Household Income
$94,675
Median Earnings
$2,464
Median Rent
$844,500
Median Home Value

Market

Lease Benchmarks for Washington, DC

$44.5 /SF/Yr
Avg Asking Price
$1.8–$74 /SF/Yr
Price Range
23,450 SF
Avg Space Size

This space is priced 15% above the average of $44.5 /SF/Yr.

Vacancy Rate% for Office in Washington, DC

14.8% 2019
17% 2020
18.1% 2021
19.5% 2022
20.7% 2023
21.9% 2024
22.8% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Freestanding, windowed building with a rooftop terrace and tenant-only fitness center, plus on-site conference facility and deli.
Where is this office building located?
The property is located at 501 3rd St NW Washington, DC.
What is the lease rate?
The lease rate is $51 SF/Yr.
What are key features of this property?
This property features: New on‑site conference facility accommodates 75 people; Tenant‑only fitness center and on‑site deli; Freestanding building with windows on all 4 sides
(301) 509-7722 Call to check price and availability
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