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1515 15th St NW
Washington, DC 20005
The Metropole Garage · Specialty Property For Sale · 11,250 SF
Investment Highlights
- BUILT IN DEMAND DRIVERS FROM RESIDENTS AND RETAILERS
- DIRECTLY ACROSS THE STREET FROM WHOLE FOODS MARKET
- HIGH BARRIERS TO ENTRY WITH LIMITED COMPETITION
- ADJACENT TO THE 14TH STREET CORRIDOR
- PREDICTABLE & CONSISTENT MONTHLY INCOME WITH TRANSIENT UPSIDE
- LOW CAPITAL & MAINTENANCE COSTS
Executive Summary
Situated beneath the prestigious Metropole Condominium Complex, this four-story parking garage (2 levels are being offered for sale) enjoys a prime location in one of Washington, DC’s premier neighborhoods.
PROPERTY FACTS
| Unit Size | 11,250 SF | Building Class | B |
| No. Units | 1 | Floors | 2 |
| Total Building Size | 11,250 SF | Typical Floor Size | 5,625 SF |
| Property Type | Specialty (Condo) | Year Built | 2008 |
| Property Subtype | Parking Garage | Lot Size | 0.60 AC |
| Sale Type | Investment |
| Unit Size | 11,250 SF |
| No. Units | 1 |
| Total Building Size | 11,250 SF |
| Property Type | Specialty (Condo) |
| Property Subtype | Parking Garage |
| Sale Type | Investment |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 5,625 SF |
| Year Built | 2008 |
| Lot Size | 0.60 AC |
1 Unit Available
Unit 1
| Unit Size | 11,250 SF | Sale Type | Investment |
| Condo Use | Office/Retail | No. Parking Spaces | 72 |
| Unit Size | 11,250 SF |
| Condo Use | Office/Retail |
| Sale Type | Investment |
| No. Parking Spaces | 72 |
Description
ADDRESS: 1515 15th Street NW Washington, DC
BUILDING AREA: 11,250 SF
YEAR BUILT: 2008
NUMBER OF LEVELS FOR SALE: 2
PARKING SPACES: 72
Sale Notes
The Garage is one of 2 public garages near the highly sought-after 14th Street Corridor location and is uniquely positioned to capture transient parkers visiting the numerous restaurants, shops, and nightlife establishments. The 72 space Garage also benefits from a consistent stream of monthly parkers from the embedded residences above the garage as well as from the ground floor retail and surrounding neighborhood businesses. With a proven track record of income growth over the years, The Metropole Garage offers an investor the opportunity to acquire a high-quality parking asset that has consistently demonstrated strong historical performance.
