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ASPECTOS DESTACADOS
- Ideal for redevelopment near Washington, DC’s National Mall, this turnkey office is approved for 149 apartments.
- Surrounded by an abundance of grocery, parks, and entertainment such as Whole Foods, Franklin Park, and Capitol One Arena.
- **Financing Contingency Available for Qualified Buyers Only** | Reach out to the Sales Engineer below for more details.
- Well-connected location with nearby public transit, bus service, and access to key routes around DC.
- Offering premier demographics with average household incomes in a 1-mile radius exceeding $147,000 annually.
RESUMEN EJECUTIVO
1201 L Street NW is a vacant, turnkey office building presenting a rare and compelling investment opportunity in the heart of Washington, DC. Located just steps from the city's key corridors and amenities, the four-story property spans approximately 36,000 square feet on a 0.23-acre lot and features expansive floor plates suited for redevelopment or adaptive reuse. The asset comes with existing approvals in place for a 149-unit apartment community, offering developers a head start on transforming the site into a high-density residential project. Investors and builders alike will find value in the property’s versatility and strong zoning. Positioned within the D-4-R district, the site benefits from broad by-right uses including residential, office, and mixed-use development. The D-4-R zone is intended to promote vibrant, high-density neighborhoods that seamlessly integrate living, working, and commercial activity. This makes this property a strategic fit for a range of forward-thinking buyers seeking long-term growth in one of the city’s most dynamic areas.
This central location offers broad appeal for Washington residents looking for their next rental. Surrounded by established neighborhoods such as Capitol Hill and Penn Quarter, the property is within close reach of the city’s most iconic landmarks, including the White House, the Smithsonian museums, and the Lincoln and Jefferson memorials. Its proximity to downtown adds convenience and value, placing residents near employment centers, cultural institutions, and government offices. The site also offers strong connectivity, with access to public transit and major roads that link directly to the region’s highway network.
Property tours are available by appointment only. Please contact the listing broker to schedule.
MATTERPORT TOUR (Tour virtual en 3D)
MEMORANDO DE OFERTAS Haz clic aquí para acceder
DATA ROOM Haz clic aquí para acceder
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Title and Insurance
- Investigations
ANÁLISIS DE MERCADO Haz clic aquí para acceder
INFORMACIÓN DEL EDIFICIO
CARACTERÍSTICAS DEL EDIFICIO
- Centro de conferencias
- Property manager in situ
- Techos altos
ACERCA EXTREMO ESTE
Over the years, Washington, D.C.'s, East End has transformed itself into the main hub of the U.S. capital's entertainment and retail businesses. This section of the city encompasses the central part of the District and spans to the eastern reaches of K Street and Pennsylvania Avenue. One of the region's premier concert and sports venues, the East End is home to Capital One Arena, where both the NBA's Washington Wizards and the NHL's Washington Capitals play. The area houses two of the Metro transit system's three major transfer hubs: the Gallery Place-Chinatown and Metro Center stops, which connect commuters to every Metro line in the region.
As the economic engine of the city, the East End has over 55 million square feet of office space and counting. It houses several diverse, international companies, including CoStar, Fannie Mae, and a long list of law firms and federal government agencies. The area's desirable location and high-quality office assets collectively command some of the highest asking rents in the region.
The East End's office stock has also seen an abundance of change over time and includes some of the most high-profile new developments in the Washington area. Notable projects include the 400,000-square-foot office project known as 600 Fifth, which is a redevelopment of the former headquarters location of the Washington Metropolitan Area Transit Authority.
DATOS DEMOGRÁFICOS
Datos demográficos
ASESORES DE VENTA
John Sheridan, Senior Vice President
Charlie Mangold, Associate
SOBRE LA TECNOLOGÍA DE SUBASTAS
CONTACTO DE LA SUBASTA
Elaborado por
Vacant Multifamily Redevelopment Opportunity | 1201 L St NW
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Elaborado por
Vacant Multifamily Redevelopment Opportunity | 1201 L St NW
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