1515 15th St Nwc-1 Washington, DC 20005-1858

Property Details for 1515 15th St Nwc-1

Year built

2009

Construction

BRICK

Lot size

0.00 lot acres

Property size

1,185 SF

Property type

Commercial real estate

APN

0209 2528

APU

2092528

Description

This exceptional investment opportunity presents a fee simple condominium interest in a two-level portion of the Metropole Garage, a four-story, 72-space parking facility located at 1515 15th St NW, Washington, DC 20005. Built in 2008, this 11,250 square foot property sits beneath the prestigious Metropole Condominium Complex and enjoys a highly desirable location in a premier Washington, DC neighborhood. Its strategic position directly across from a Whole Foods Market and within the vibrant 14th Street Corridor ensures consistent demand from both residents of the complex and transient parkers visiting the area's numerous restaurants, shops, and nightlife venues. The garage benefits from a predictable and consistent monthly income stream from long-term parkers, supplemented by transient parking revenue, creating a robust and stable income profile. The property boasts low capital and maintenance costs and benefits from high barriers to entry due to limited competition in this sought-after area. This presents a rare opportunity to acquire a high-quality parking asset with a proven track record of income growth and strong historical performance. The property's built-in demand drivers from residents and retailers, coupled with its prime location, make this an attractive investment for those seeking a stable and appreciating asset in a dynamic urban environment.

Location Insight

City

Washington

County

District Of Columbia

State

DC

Longitude

-77.0341

Latitude

38.91

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments