Former Immortal Beloved Space for Lease at 15th and Church St, NW

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Ed. Note: Immortal Beloved is now located in the former Muleh space at 1831 14th Street, NW.

Thanks to a reader for sending from Craigslist:

“One of a kind! Former Immortal Beloved Salon—- May be the most fascinating retail space in the 14th Street corridor and just 1/2 block from the recently named DC’s best corner of 14th and P Streets. Located within the densest population grid in the city and at the center of 5 metro stations.

Main floor at 2500 square feet +/- Loft space at 450 square feet +/-and basement of 225 square feet +/- with 16 foot 20 foot high formed concrete ceilings and multiple industrial skylights providing a sense of great open space and volume!!

Exposed brick walls with polished concrete floors and both a walk in front door and roll up windows facade for good weather —— all together provide a space with a sense of excitement and expanse unmatched anywhere else!

New HVAC and Gas added in 2006 with full to code building renovation, C3A zoned with many possible uses.

Base first year monthly rent at $15,700 NNN and current monthly pass through of $1935 real estate taxes and $110 building insurance.

New tenant needs to provide: 1)Demonstrated experience with a lucid business plan and cash flow projections, 2) Documentation of financial liquidity sufficient to start and maintain the business, 3)credit reports and scores all above 710 from all three repositories, Trans Union, Equifax, and Experian, and 4) Personal guarantees from principles and spouses.”

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Church Street looking east toward 14th Street

8 Comment

  • “Personal guarantees from principles and spouses.”
    AND their SPOUSES!!
    18K a month. you are just workin for the landlord.
    not to be a grammar nazi, but isn’t it “PRINCIPALS and spouses” ?!

  • Interesting- the last line of the ad reads: Lease term of five years (three certain) with landlord right to provide notice of early termination for years four and/of five (property is part of a larger parcel which may be developed in the future). A three year lease? I’m curious to see what business model could work with those terms. Also (on Craigslist) the Nimbus building next door is for rent under the same conditions.

  • $583 a day to just to pay the rent. There must be some serious bank in hair cutting to justify that kind of rent!

    • Yes, there is serious bank in hair cutting. Whether people think the prices are worth it, they have clients that do and pay $50-$150 for a men’s cut. Add in women’s cuts that are usually a lot higher, color, and product sales, and rent should be no issue. I thought they landlord was making this space into condos, but maybe he raised the rent to make more money and IB wanted a bigger space

  • Isn’t this cheaper than what some 18th st properties request?

  • This is a such cool space, I’m curious to see who takes it over. I got a hair cut there once and was more impressed with the interior design of the salon than my cut.

  • This place gets no meaningful foot traffic, I can’t see how you can sustain such a high rent, unless you put a well established business there. And then a three year lease is a serious problem.

  • I live a few blocks away and have never set foot on that block. Perhaps because I’m too cheap to pay a lot for a haircut.

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