1508 U St NW

Feldman Ruel is pleased to present 1508 U Street NW, a four-level, mixed-use property totaling approximately 3,600 square feet. Situated along a public alley with unobstructed views, the subject property offers two points of visibility for signage. 1508 U Street NW includes four on-site parking spaces, is in close proximity to multiple Metrobus stations, and is 0.3 miles from the U Street African-Amer Civil War Memorial/Cardozo Metro station, which service the Green line. The subject property will be delivered vacant, offering an opportunity for an owner-user to immediately take occupancy, or an investor to immediately lease up the property. 1508 U Street NW has been leased out for private events using the PeerSpace.com platform, where it recently received its 2024 Open Door Award given to top event spaces.
Delivered vacant at closing, 1508 U Street NW offers an opportunity for an owner-operator or investor to benefit from its prime location along one of Washington, D.C.'s most historic commercial corridors. The subject property’s MU-4 zoning permits a wide range of potential uses, including retail, office, and multifamily, all of which benefit from four onsite parking spaces at the rear, proximity to multiple Metrobus stops, and the U Street/African-Amer Civil War Memorial/Cardozo Metro Station, located just 2.5 blocks away. The 3,600-square-foot building consists of four levels. The sublevel, which is partially below grade, has ample natural sunlight and two separate points of egress directly accessible from the street, allowing an occupant to run their business without disrupting the upper levels. The first, second, and third levels are accessible via a vestibule on the first floor, creating a self-contained space for one occupant on the first level, while another occupant utilizes the second and third levels. The separate access points to the building’s different levels allow an owner-user to occupy part of the property while leasing the remaining space to reduce their carrying costs. An investor could take advantage of this configuration to maximize profits by leasing to multiple tenants.