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Prime Retail & Office Space on 14th St NW: Acquisition/Rehab Opportunity Near U Street

Located at 1614-1616 14th St NW, this historic property offers 11,320 sq ft of potential in one of DC's hottest submarkets, Logan Circle. The building, constructed in 1900, includes 3,772 sq ft of retail space and 7,548 sq ft for potential office conversions. With over 1,000 new apartments in a 5-block radius, the area is bustling with activity. Current retail tenants are on month-to-month leases. The acquisition price is $3M with a renovation budget of $500K, potentially yielding annual income of $350,050 from leased spaces.

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Prime Retail & Office Space on 14th St NW: Acquisition/Rehab Opportunity Near U Street

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  1. 1614-1616 14th St, NW DC

  2. Market Information Trade Joes Close to U Street Metro Submarket Anchors - Trader Joes - Whole Foods Local Restaurants - La Diplomate - Barcalona - Church Key - The Pig - Posto Over 1,000 new Apartments units in a 5 block radius One of the hottest submarkets in DC Logan Circle Whole Foods

  3. FACTS • 1614-1616 14th Street, NW • Built 1900 * • 11,320 square feet * • 3,772 retail 1st level • 7,548 office/retail 2-3rd level • Current Condition • Retail spaces leased on month to month – Deli & Liquor store • 2-3rd floors are empty and in bad condition. Old Apartment that have had not been upgraded for roughly 5-10 years • Acquisition/Rehab Project • Purchase price - $3M ($265 PSF) • Renovation Budget $500K ($44 PSF) - Total rehab of all retail unit. Rehab Building exterior, upgrade plumbing, convert apartment units to office space Potential: • 3,772 retail - $50 psf - $161,350/year/NNN • 7,548 office - $25 psf – $188,700/year/NNN • Total – $350,050/year/NNN (estimated) * Per Costar

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