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Prime Retail Space in DC
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1500 K Street Northwest, Washington, DC 20005

High-profile retail space in the heart of Washington, D.C.

Property Size12,544 SF
Days on Market128

Property Features for 1500 K Street Northwest

General Information

Standard status Active
Size 12,544 SF
Property subtype Retail
Listing Agency:
Listed By: Jared Meier
Source: Cbre
Added: Mar 25 Changed: Jul 6 Last Checked: Jul 30 at 2:45AM

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 Jared Meier

Investment Insights

Based on property information with market context.

This high-profile retail space is located at the corner of 15th Street and K Street in Washington, D.C.'s central business district, near McPherson Square. Situated two blocks from the White House, the property benefits from a dense concentration of offices and hotels. The space is offered as a cold dark shell with a Tenant Improvement Allowance available. Downtown DC serves as the core of the nation's capital, bringing together elements of the District's ecosystem. As a focal point for regional employment, hospitality, and culture, Downtown DC is experiencing a resurgence with significant resources being invested in its recovery. The location offers access to dining, shopping, entertainment, 132 destination restaurants, 75 destination retailers, 13 museums, 8 theatre & performance venues, Capital One Area, and the Walter E. Washington Convention Center. Transportation options include 7 Metrorail Stations, the DC Circulator, and 31 Capital Bikeshare Stations. The location has a Walkscore of 98.

Key Highlights

  • Prime corner location in the Central Business District of Downtown DC at 15th Street & K Street on McPherson Square.
  • High‑profile retail space in the densest office and hotel concentration in the District.
  • Located two blocks from the White House.

Property Analytics

Current Use

Climate Leadership Council Charitable Organization DBR on Data IT Consulting Firm America Works of Washington Employment Agency Lawyers' Committee For Civil ... Law Firm Wilson Elser Moskowitz ... Law Firm

Suggested Use

Top Pick Auto Parts Store Butcher (Bike/Boat/Book/etc) Store Tanning Salon Pet Grooming Service Adult Day Care

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

28,422
Businesses Nearby
116k
Monthly Visits Nearby

Foot Traffic Nearby

Hotels & Casinos 41% Dining 23% Apparel 21% Groceries 15%
Nordstrom Rack Apparel
24,849 visits/mo 0.4 miles
McDonald's Dining
24,382 visits/mo 0.3 miles
Washington Marriott At Metro Center Hotels & Casinos
24,363 visits/mo 0.4 miles
Whole Foods Market Groceries
16,933 visits/mo 0.5 miles
Moxy Hotels Hotels & Casinos
5,828 visits/mo 0.5 miles

Demographics for 20005, DC

12,953
Population
9,558
Households
1.4
Avg Household Size
35
Median Age
80%
College-Educated
93%
High-School Grad
0.4 sq mi
ZIP Area
32,383
Density / Sq Mi
$111,960
Median Household Income
$100,188
Median Earnings
$2,223
Median Rent
$636,000
Median Home Value

Market

Lease Benchmarks for Washington, DC

$41.4 /SF/Yr
Avg Asking Price
$3.24–$110 /SF/Yr
Price Range
4,655 SF
Avg Space Size

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
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Frequently Asked Questions

What type of property is this?
Retail space - High-profile retail space in the heart of Washington, D.C.
Where is this retail space located?
The property is located at 1500 K Street Northwest Washington, DC.
What are key features of this property?
This property features: Prime corner location in the Central Business District of Downtown DC at 15th Street & K Street on McPherson Square.; High‑profile retail space in the densest office and hotel concentration in the District.; Located two blocks from the White House.
More about this property
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