1920 Eye St NW - Office FOR SALE


Washington, DC 20006
$3,250,000 USD
202-471-3009
1920 Eye St NW, Washington, DC for Sale
$3,250,000 USD
Office - FOR SALE
1/14
null | Request Cap Rate

1920 Eye St NW
Washington, DC 20006


HIGHLIGHTS

  • Nestled between Pennsylvania Avenue and Eye Street, the block is filled with restaurants, embassies, office, multifamily and retail uses.
  • Full building also available for lease.

OVERVIEW

Newmark has been exclusively retained to offer for sale 1920 I Street, NW, a beautifully restored rowhome located on the south side of I Street, between 19th and 20th Streets NW in the Foggy Bottom neighborhood of Washington DC. This elegant, meticulously renovated commercial townhome has been owned and occupied by a technology based consulting firm for the last 20 years. Features of the building include high ceilings, oversized windows, large open spaces for internal meetings and gatherings and a separate entrance to the common area. Renovation improvements include bathrooms, kitchen, cabling and wiring and creation of a penthouse office space. The location is unparalleled within blocks of both the Foggy Bottom and Farragut West Metro stops. 1920 I Street NW has a Walk Score of 99 out of 100. The location is a walker’s paradise with no car required for daily errands. The building is less than a five minute walk from Farragut West, Foggy Bottom and Dupont Circle Metro stops covering all of the Metro lines in and out of the District. Retail is abundant from the food halls at 2000 Pennsylvania Avenue and I Square to Whole Foods and countless restaurants, hotels and nightlife spots. The building was constructed in 1900, renovated in 2001 and extensively renovated by the current owner in 2018. The building is 5000 square feet on five levels, and the lot is approximately 915 square feet. The property is zoned D-5 which permits high density development with incentives for residential use in predominately non-residential areas. The D-5 zone allows for 110 feet in height with maximum lot coverage and the ability to build within 4 feet of the build-to line. Given the flexible zoning and exceptional location, 1920 I is ideal for continued office use or conversion to a residential use.

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$650 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

5

BUILDING CLASS

C

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.03 AC

LAND SF

1,307 SF

ZONING

D-5

APN/PARCEL ID

0118-0026

ASK ABOUT THIS PROPERTY

Lisa BenjaminNewmarkMore Info
202-471-3009

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Lisa BenjaminNewmarkMore Info
202-471-3009

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.