1515 15Th StWashington, DC 20005

Property Details for 1515 15Th St

Year built

2009

Construction

BRICK

Lot size

0.00 AC

Property size (Sq ft)

1,185 SF

Property type

Other 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.

• Alternative Use

  Use

  Valuation

  Residential

  $350,527

  Hospitality

  $321,081

  Educational

  $267,135

  Medical

  $276,322

  Retail

  $415,544

Location Insight

City

Washington

County

District Of Columbia

State

DC

Latitude

38.91

Longitude

-77.0341

CBSA code

47900

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at support@realmo.com and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at support@realmo.com.