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3 Commercial Floors 3 Office/Retail Condos Online Auction Sale Washington, DC
Matterport 3D Tours
Investment Highlights
- Take advantage of three commercial floors, with no condo association, for sale on the corner of 7th and H Streets NE in Washington, DC.
- Positioned near Whole Foods, The Apollo Apartments, and Industrious CoWorking in the sought-after, amenity-rich H Street Corridor.
- Area demographics bode well for investors and businesses with a population on the rise and area spending exceeding $1M within 1 mile.
- Property is conveniently located near Metrorail, Metrobus, Circulator, Amtrak, VRE, MARC, Megabus, Boltbus, and Capital Bikeshare.
- Offering prominent signage, a large outdoor retail space, up to 14-foot ceiling heights, and five designated parking spaces.
Executive Summary
Delivered in 2020, this property sits on the corner of 7th and H Streets NE in the heart of the vibrant H Street Corridor. Consisting of 14,655 total square feet, the offering comprises prime ground-level retail space, a second-floor above-ground loft, and a below-ground floor, with a dedicated elevator serving all three commercial floors. The first and second floors boast three sides of glass and a large, efficient layout perfect to accommodate a variety of businesses. 650 H Street is a prime purchase opportunity for retailers, owner-occupants, associations, educational facilities, museums, and investors alike. Retailers and users should find value in the building’s street presence, as well as the attractive ceiling heights and natural light that these floors offer.
Nike’s flagship store is across the street, moving from its previous location on M Street in Georgetown, solidifying H Street as an upcoming retail destination. Whole Foods and Industrious Co-Working adjoin the property, rounding out the retail hub created by the adjacent buildings.
The H Street Corridor is a 1.5-mile stretch in Washington, DC, near Capitol Hill and Union Market. Known for its locally owned spots, eclectic community, and colorful street life, the continually evolving neighborhood is regarded for its unique intersection of carefully restored row houses and newly developed luxury apartment buildings. The heart of the H Street Corridor is brimming with restaurants, coffee shops, bars, independently owned shops and galleries, as well as cultural and historic attractions. It is home to the annual H Street Festival, one of DC’s most highly attended celebrations, stretching for 11 blocks with 14 stages and featuring a broad, culturally diverse array of music, fashion, arts, poetry, and children’s programs.
Washington, DC, is much more than the nation’s capital; it is a resilient epicenter for business and innovation that spans from front doors to new frontiers. More people and companies are doing business in the District across a variety of booming industries, including technology, real estate, retail, and education. A political and tourism center, the capital also knows how to get down to business. Entrepreneurial innovators have unrivaled access to top-notch transportation and technology networks, a world-class workforce, a booming real estate market, and livability with undeniable appeal. DC’s economy, ranked the best in the US, challenges the status quo, and ingenuity comes with inclusion.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Nike’s flagship store is across the street, moving from its previous location on M Street in Georgetown, solidifying H Street as an upcoming retail destination. Whole Foods and Industrious Co-Working adjoin the property, rounding out the retail hub created by the adjacent buildings.
The H Street Corridor is a 1.5-mile stretch in Washington, DC, near Capitol Hill and Union Market. Known for its locally owned spots, eclectic community, and colorful street life, the continually evolving neighborhood is regarded for its unique intersection of carefully restored row houses and newly developed luxury apartment buildings. The heart of the H Street Corridor is brimming with restaurants, coffee shops, bars, independently owned shops and galleries, as well as cultural and historic attractions. It is home to the annual H Street Festival, one of DC’s most highly attended celebrations, stretching for 11 blocks with 14 stages and featuring a broad, culturally diverse array of music, fashion, arts, poetry, and children’s programs.
Washington, DC, is much more than the nation’s capital; it is a resilient epicenter for business and innovation that spans from front doors to new frontiers. More people and companies are doing business in the District across a variety of booming industries, including technology, real estate, retail, and education. A political and tourism center, the capital also knows how to get down to business. Entrepreneurial innovators have unrivaled access to top-notch transportation and technology networks, a world-class workforce, a booming real estate market, and livability with undeniable appeal. DC’s economy, ranked the best in the US, challenges the status quo, and ingenuity comes with inclusion.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Matterport 3D Tours
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Street View
Street
Map
Offering Memorandum Click Here to Access
Data Room Click Here to Access
- Offering Memorandum
- Property Information
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
- Register to Bid Instructions
Market Analytics Click Here to Access
Property Facts
| Sale Condition | Auction Sale | Status | Active |
| Type of Ownership | Fee Simple | Number of Properties | 3 |
| Sale Type | Investment | Total Building Size | 14,655 SF |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Total Building Size | 14,655 SF |
Properties
| Property Name / Address | Property Type | Size | Year Built |
|---|---|---|---|
| 650 H St NE, 2nd Floor - Unit 2nd Floor Office/Ret, Washington, DC 20002 | Office/Retail Condo | 5,444 SF | 2020 |
| 650 H St NE, Lower Level - Unit LL, Washington, DC 20002 | Office/Retail Condo | 5,163 SF | 2020 |
| 650 H St NE, 1st Floor - Unit 1, Washington, DC 20002 | Office/Retail Condo | 4,048 SF | 2020 |
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Sale Advisors
Sale Advisors
Connor McCarthy, Managing Director - Retail Services
Leading Transwestern’s Retail Services group in Washington, DC, Connor McCarthy represents the leasing interests of institutional owners, national brands, and local retailers throughout the Mid-Atlantic region.
A fourth-generation Washingtonian, Connor leverages deep market knowledge and strong partnerships within the brokerage community to expand Transwestern’s retail services capabilities and deliver greater value to clients and business partners.
Before joining Transwestern, Connor served as leasing director at Miller Walker Retail Real Estate, where he was instrumental in leasing more than one million square feet of retail and restaurant space with an aggregate value of more than $85 million. He has worked with real estate owners, such as Nuveen, Roseland, Columbia Property Trust and Beacon, and tenants like Tropical Smoothie Café, Barre 3, Pret a Manger and Duke’s Grocery, among other national and local brands.
Prior to real estate, McCarthy served as Associate Director of Public Relations, Director of Alumni Relations, Major Gifts Officer, and Assistant Coach of the Varsity Lacrosse Team at his alma mater, Gonzaga College High School.
A fourth-generation Washingtonian, Connor leverages deep market knowledge and strong partnerships within the brokerage community to expand Transwestern’s retail services capabilities and deliver greater value to clients and business partners.
Before joining Transwestern, Connor served as leasing director at Miller Walker Retail Real Estate, where he was instrumental in leasing more than one million square feet of retail and restaurant space with an aggregate value of more than $85 million. He has worked with real estate owners, such as Nuveen, Roseland, Columbia Property Trust and Beacon, and tenants like Tropical Smoothie Café, Barre 3, Pret a Manger and Duke’s Grocery, among other national and local brands.
Prior to real estate, McCarthy served as Associate Director of Public Relations, Director of Alumni Relations, Major Gifts Officer, and Assistant Coach of the Varsity Lacrosse Team at his alma mater, Gonzaga College High School.
Jake Fox, Senior Associate
Specializing in servicing occupiers of commercial real estate, Jake represents a variety of clients from various industries, including non-profit organizations, trade associations, government contractors, and lobbying firms. His dedication to servicing clients goes well beyond transaction-focused brokerage, as he provides expert-level post-transaction support to ensure his clients are always up to speed on current market conditions. Having spent the last decade in Washington, DC, Jake provides a local expertise that his clients continue to benefit from.
About the Auction Technology
Auctions by Ten-X are the #1 transaction technology powering commercial real estate transactions online. With over $34B in total transactions, these auctions use best-in-class technology and real-time asset intelligence to put listings in the best position to find the perfect buyer. The expedited auction timeline, comprehensive due diligence, and buyer qualification make transactions twice as fast and twice as certain for brokers, owners, and investors.
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Auction Contact
Cheri Mascitelli
Contact
Auctioneer License:
Ten-X Arlene Richardson RE Brkr BR40000233
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Videos
Matterport 3D Exterior
Matterport 3D Tours
Photos
Street View
Street
Map
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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3 Commercial Floors
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