1518 K St NW 24,346 SF 21% Leased Office Building Washington, DC 20005 $5,950,000 ($244.39/SF)

Feldman Ruel is pleased to offer for sale 1518 K Street NW which represents a rare opportunity for an user to establish a boutique headquarters in the heart of downtown Washington, D.C., with 17,390 square feet of office space that can be delivered vacant above an occupied ground-floor restaurant or for a developer to reposition the asset through a process of strategic renovations. Located three blocks from the White House along the renowned K Street corridor, the subject property is surrounded by premier hotels, dining, nightlife, and a dense concentration of advocacy groups, law firms, trade associations, and think tanks for which the K Street corridor has become known. The building itself, referred to as the Peyser Building or the Security Savings and Commercial Bank building, features a limestone façade in the reduced Classical Revival style with Renaissance influences and is listed on both the D.C. Inventory of Historic Sites and the National Register of Historic Places for its architectural significance and role in the establishment of Washington, D.C.s financial district. Zoned D-6, 1518 K Street NW allows for a wide range of by-right uses including office, retail, residential, lodging, and institutional, with additional development potential, which would be subject to historic review. The location offers exceptional accessibility, with a Transit Score of 100 and a Walk Score of 99, and proximity to multiple Metrorail lines (four within three blocks), Metrobus routes, Capital Bikeshare docking stations, and numerous nearby parking options.