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2626 Pennsylvania Ave Nw

Washington, DC, 20037

$18,500,000

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Rare redevelopment opportunity to purchase a five-story urban office building located at 2626 Pennsylvania Avenue, NW in Washington, DC. Exceptionally well-positioned just outside of Georgetown in the West End submarket, this 32,750 SF office building rests on 0.20 acres and has significant residential redevelopment potential. The property offers a prestigious Pennsylvania Avenue address and the building overlooks Rock Creek Park with spectacular views from window lines on three sides, across the bridge from Georgetown. This area will always be valuable and in high demand, and any property that is redeveloped would be considered a trophy location. It is presently owner-occupied by The Salvation Army DC/VA Headquarters. The Salvation Army plans on relocating from this property but will consider a sale/rent back not to exceed 9 – 12 months as they transition to a new location.

The building was constructed in 1975 and renovated in 1998. There are five floors of offices with two levels of underground parking garage with 42 parking spaces. The property benefits from immediate access near the end of I-66, Whitehurst Freeway, and K Street while being only five blocks from the Foggy Bottom Metro Station. There is convenient access to Georgetown’s popular restaurants, entertainment, and shopping destinations. Numerous windowed offices and the rooftop offer panoramic views of Washington, DC and the Potomac River.

The buyer may consider a light renovation of the building and continue to hold the property while generating income with a new tenant, but the building has many other possibilities for redevelopment under the MU-10, Mixed Use zoning. Redevelopment should be able to get up to ten (10) floors, plus the underground garage levels, with a variance from the DC government.

A more in-depth description and additional property details are included in the Offering Memorandum, available through the Listing Agent.

Essential Information

MLS® #DCDC2029018
Price$18,500,000
Bathrooms0.00
Square Footage32,750
Acres0.20
Year Built1974
TypeCommercial Sale
Sub-TypeOffice
StatusActive

Community Information

Address2626 Pennsylvania Ave Nw
CityWashington
CountyWASHINGTON-DC
StateDC
Zip Code20037

Amenities

Parking

Lighted Parking, Paved Parking, Private

View

City, Creek/Stream, Panoramic, River, Street, Trees/Woods, Water

Interior

HeatingForced Air
CoolingCentral A/C
# of Stories5

Exterior

Lot DescriptionBacks to Trees, Road Frontage

Exterior

Concrete/Block, Brick and Siding

School Information

District

DISTRICT OF COLUMBIA PUBLIC SCHOOLS

Additional Information

Date ListedJanuary 11th, 2022
Days on Market13
ZoningMU-10

Listing Details

Office

CENTURY 21 Commercial New Millennium

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Listing information last updated on January 23rd, 2022 at 10:47pm EST.