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    FOR SALE
    Office buildings

    1501 11Th St NW, Washington, DC 20001

    4,950 SF 0.02 ac lot Built 1890
    Trust Owned 12-yr Hold Absentee Owner Free & Clear
    Property ID
    US16-0121267
    Property summary
    AI-generated overview

    This stunning three-story, 6,213 square foot mixed-use building at 1501 11th St NW, Washington, DC 20001, is a rare opportunity. Built in 1890 and renovated in 2010, this Class A property sits on a 1,080 square foot lot and boasts ample natural light from numerous windows and three main entry points. Currently vacant, it offers significant redevelopment potential under the MU-4 zoning designation, allowing for a wide range of commercial, institutional, and residential uses. The property's history as a multi-tenanted office building, combined with its six decorative fireplaces and adaptable floor plan, makes it ideal for conversion to a single-family home, apartments, condominiums, or a mixed-use configuration. Its location in the vibrant Logan Circle neighborhood provides exceptional walkability to four Metro stations and numerous amenities, including restaurants, parks, and cultural attractions. The 2021 Comprehensive Plan Map supports the mixed-use zoning, and the property's 2022 annual tax assessment was $22,121. This is a fee-simple ownership opportunity with a $2,700,000 asking price. The building features a full bathroom with a stand-up shower, additional powder rooms, a kitchen/breakroom, storage, and private offices, making it suitable for various uses. Don't miss this chance to acquire a piece of DC history with immense upside potential.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1890
    Construction BRICK
    Total area 4,950 SF
    Lot 0.02 ac (1,080 SF)
    Zoning code MU-4
    APN 0337 0017
    UPID US16-0121267
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Murrell & Associates Law Firm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.25M
    Blend (final) Blend
    $1.07M
    Owner & transaction history
    Henderson Living Trust · 12 yrs held
    Henderson Living Trust
    since 2014
    3 recorded transactions
    2019
    2014
    2009
    Zoning & alternative use
    MU-4 · Washington, DC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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