The RBG Building | 1508 U Street NW

Washington, D.C. 20009

Offering Memorandum

The Offering

Summary

  • List Price $2,300,000
  • Product Type Mixed-Use
  • Product Subtypes Retail & Office
  • GBA 3,600 SF
  • Occupancy 25%
  • Lot Size 1,660 SF
  • Parking 4 On-Site Spaces
  • Street Frontage 17'5"

Investment Summary

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. Affectionately called The RBG Building, the property gained national recognition as the site of the first public mural honoring Supreme Court Justice Ruth Bader Ginsburg, as reported by CNN. The mural, created by local artist Rose Jaffe, spans the building’s full height, and Justice Ginsburg personally visited to express her gratitude to the owner and artist. 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 can be delivered partially leased with the retail tenant occupying the sub-level, leaving the remaining levels vacant for an owner-occupant. Alternatively, ownership would consider a short-term sale leaseback of the vacant levels to help an investor mitigate their carrying costs as they plan their lease up strategy.. 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. View the subject property on PeerSpace.com. 

Investment Highlights

• Flexible Delivery at Closing | Short Term Sale Leaseback Optionality

• 25% Occupied with New Short-Term In-Place | Mitigating Carry Cost

• Winner of PeerSpace’s 2024 Open Door Award for Top Event Spaces

• Open Floor Plans Well Suited for Numerous Allowable Uses
• Located 2.5 Blocks West of the U Street Metro Station | Green Line

• 4 On-Site Parking Spaces & Proximate to Multiple Metrobus Stops

• Along a Great Streets Corridor | Grants up to $80,000 for Building Improvements

Listing Agents

Ryan Smith

Ryan Smith

Associate Director
Direct: (202) 318-6808
Josh Feldman

Josh Feldman

Managing Principal
Direct: (202) 318-6833
Ian Ruel

Ian Ruel

Managing Principal
Direct: (202) 318-6844