1835 14th St NW - CulturalDC's Source Theatre

***PRICE REDUCED***
On behalf of The Cultural Development Corporation of the District of Columbia (“Owner” & “CDC”) Congressional Commercial, LLC ("CC") is pleased to present 1835 14th Street, NW Washington, DC 20009 (the "Property") for sale for the first time in nearly 20 years. Located within the vibrant 14th Street Corridor, the Property is metro-accessible and features 3 parking spaces via the rear alley with access from S & T Streets, NW from the south and north respectively. Owned continuously by CDC since 2006, the Property measures ~8,400 gross square feet, which includes an 800 sq/ft basement, and two (2) even floors of 3,750 sq/ft each stacked above. The Property is situated on a two-parcel combined lot measuring 4,326 sq/ft and is zoned ARTS-3, which provides for a wide variety of permissible uses by a matter of right, both commercial and residential. The existing Certificate of Occupancy is for 150 persons seated and previously contained an endorsement permitting the sale of packaged food, beer, and wine. The Property is the home of Source Theater and has served as a hub for creativity, innovation, and community engagement, housing three resident theater organizations and providing rehearsal, educational, and performance space for countless arts organizations for nearly two decades. The Owner desires an arm's length sale as opposed to a lease, or provide options to purchase. On behalf of the Owner, CC seeks to engage in discussions with interested prospective purchasers capable of acquiring the Property and doing so with minimal contingencies. CDC is the Owner and occupant of the Property and the entire premises can be delivered vacant upon transfer of title or otherwise as mutually agreed upon with much of the existing, valuable FF&E in place and to convey to a new owner at Closing. Written offers will be considered on a rolling basis. There exists no first right of refusal (ROFR) or first right of offer (ROFO) to any parties. Interested parties can schedule Property tours via Congressional Commercial, LLC using the contact details contained within.