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Mixed-Use Building in U Street

1508 U Street, Washington, DC 20009

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For Sale

$1,895,000

Mixed-use property in vibrant U Street Corridor, Washington, D.C.

Type:Multifamily

Property size:

3,576 SF

Price / SF:

$529/SF

Listing Contact

Stacey Milam

Real Estate License ID: License(s): MD: 526147, DC: SP101423, VA: 0225 077593

HighLights

Prime location in the heart of the U Street Corridor, a vibrant and high‑traffic commercial district in Washington, D.C.
Mixed‑use property with both office and retail space, offering diverse income potential.
Delivered vacant, providing immediate lease‑up potential for investors or owner‑occupancy opportunities.
Zoned Mixed‑Use (MU‑4), permitting a wide range of uses including retail, office, and multifamily.
Eligible for the Great Streets Grant Program, offering potential funding of up to $80,000 for renovations.
Excellent access to public transportation, including the U Street Metro Station and other nearby stations.

Learn more

For Sale

$1,895,000

Mixed-use property in vibrant U Street Corridor, Washington, D.C.

Type:Multifamily

Property size:

3,576 SF

Price / SF:

$529/SF

Added:: Apr 8, 2026
Days on Market:: 65
Last Refresh:: Apr 8 at 8:00 pm

Property Features for 1508 U Street

General Information

Standard status: Active
Size: 3,576 SF
Property subtype: Multifamily

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Listing Contact

Stacey Milam

Listing agent Stacey Milam License #License(s): MD: 526147, DC: SP101423, VA: 0225 077593

Listing office Washington, D.C. Office

Listing date Apr 8, 2026

Source Marcusmillichap

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 Washington, D.C. Office

HighLights

Prime location in the heart of the U Street Corridor, a vibrant and high‑traffic commercial district in Washington, D.C.
Mixed‑use property with both office and retail space, offering diverse income potential.
Delivered vacant, providing immediate lease‑up potential for investors or owner‑occupancy opportunities.
Zoned Mixed‑Use (MU‑4), permitting a wide range of uses including retail, office, and multifamily.
Eligible for the Great Streets Grant Program, offering potential funding of up to $80,000 for renovations.
Excellent access to public transportation, including the U Street Metro Station and other nearby stations.

Overview

Located in the U Street Corridor of Washington, D.C., the mixed-use property at 1508 U Street NW features office and retail space. The building is positioned near the intersection of 14th Street and U Street, benefiting from visibility and foot traffic, with access to retail, dining, and entertainment options. Originally constructed in 1900 and renovated in 2020, the Class B building contains approximately 3,576 square feet across four stories. It includes a bi-level office suite and a first-floor retail space, both to be delivered vacant. The property is zoned Mixed-Use (MU-4), allowing for retail, office, and multifamily uses. The layout supports multiple tenancy configurations, with separate access points for the retail and office components. The property is eligible for the Great Streets Grant Program, offering potential funding of up to $80,000 for renovations, equipment, and storefront improvements. The U Street Metro Station is located approximately 0.4 miles away, with access to Farragut North, Shaw-Howard University Station, and Union Station. The property is 6.2 miles from Ronald Reagan Washington National Airport.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$161.3k	$45.12
− Vacancy	−$25.8k	−$7.22
EGI	$135.5k	$37.90
− OpEx	−$33.9k	−$9.48
NOI	$101.6k	$28.43

3,576 SF · lease $45.12/SF/yr · vacancy 16.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.45M

$1.27M – $1.69M (±1% cap)

NOI $101,650 @ 7.0% cap · market cap 5.36%

Second Best

Mixed Use

$1.03M

$902.6K – $1.20M (±1% cap)

NOI $72,206 @ 7.0% cap · market cap 3.81%

Theoretical Best

Office A

$1.84M

$1.61M – $2.15M (±1% cap)

NOI $128,757 @ 7.0% cap · market cap 6.79%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Office Units

Map

City: Washington
County: District of Columbia
State: District of Columbia
Longitude: -77.0350799
Latitude: 38.9168007

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For sale
Mixed-use properties
DC
Washington
20009
1508 U Street

What type of property is this?

Mixed-use property - Mixed-use property in vibrant U Street Corridor, Washington, D.C.

Where is this mixed-use property located?

The property is located at 1508 U Street Washington, DC.

What is the asking price?

The asking price for this property is $1,895,000.

What are key features of this property?

This property features: Prime location in the heart of the U Street Corridor, a vibrant and high‑traffic commercial district in Washington, D.C.; Mixed‑use property with both office and retail space, offering diverse income potential.; Delivered vacant, providing immediate lease‑up potential for investors or owner‑occupancy opportunities.