1405 15th Street, NW via Greysteel
From a press release:
“Greysteel, a national commercial real estate investment services firm, is pleased to announce the upcoming market listing of a prime mixed-use property in Washington, D.C. This exciting opportunity presents a unique and versatile investment option in one of the city’s most vibrant and sought-after neighborhoods.
This unique property, located in Logan Circle on 1401-1405 15th Street, is a church with a rich history (the place of worship for Teddy Roosevelt and his family during his presidency) in one of DC’s most desirable neighborhoods, surrounded by high-quality retail and is offered for well below replacement cost. This property represents a rare opportunity for those seeking a dynamic investment in a thriving community. Boasting a blend of commercial and residential spaces, this mixed-use gem is set to redefine the local real estate landscape.
Investment Highlights:
Unique Opportunity to acquire a 15,000 SF Church & Parish House on 15th Street NW directly in between Logan Circle and Dupont Circle and adjacent to the Whole Foods on P Street NW
Excellent candidate for a creative adaptive reuse project with a mix of uses and trophy-grade location – surrounded by high-quality retail and bordering two of D.C.’s most exciting neighborhoods
Potential to split off +3,300 SF Parish House for a single-family home renovation or condo conversion
Centrally located to four metro stations (Farragut North, Dupont, Mt. Vernon, & Shaw) providing access to Red, Yellow, and Green Lines
Conceptual site plan envisions ten luxury residential units (+8,200 SF) and high-end retail space (+4,400 SF) within the existing building envelope
A 97-walk score highlights the strength of the neighborhood, with no shortage of high-quality retail – Notable retailers include Whole Foods, CVS, Starbucks, Chipotle, Sweetgreen, and local favorite Call Your Mother
“The disposition of this asset provides a buyer/developer with a rare opportunity to reimagine a unique part of American history by converting the church into a boutique mixed-use property with luxury residences attached to a high-end retail space,” said Weisz.
The disposition of this asset provides a buyer/developer with a rare opportunity to reimagine a unique part of American history by converting the church into a boutique mixed-use property with luxury residences attached to a high-end retail space.
Interested parties can contact Greysteel to schedule private viewings, receive detailed property information, and explore investment opportunities.”