Fully Renovated Mixed-Use Retail/Office Building | U Street Corridor

Highlights:

• Prime U Street Corridor Location – Steps from 14th & U with exceptional visibility strong foot traffic, and access to Metro, Metrobus, and Capital Bikeshare.
• Income Upside Potential for Investor or Owner/User - Fully Built Out Vacant Bi-Level Office Suite and Separate First Floor Vacant Retail.
• Flexible Mixed-Use Zoning (MU-4) – Permits retail, office, and multifamily uses with separate access points allowing for owner-occupant or multi-tenant strategies.
• Great Streets Grant Eligible – Potential to access up to $80,000 in funding for renovations, equipment, and storefront improvements.

Description:

Ri Marketplace Online Auction December 8th-10th, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2896/fully-renovated-mixed-use-retail-office-building-u-street-corridor?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=mixeduse_2896

Marcus & Millichap is pleased to exclusively present 1508 U Street NW, a four-level, mixed-use investment property totaling approximately 3,600 square feet in the heart of Washington, D.C.’s dynamic U Street Corridor. Affectionately known as The RBG Building, the property holds national recognition as the site of the first public mural honoring Supreme Court Justice Ruth Bader Ginsburg, featured by CNN and personally visited by Justice Ginsburg herself. With prime frontage along U Street and additional visibility from a rear public alley, this asset offers unmatched exposure and dual signage opportunities.

The property is zoned MU-4 and currently configured with a ground-floor retail suite and a bi-level office space above, allowing for flexible owner-user or multi-tenant strategies. Four on-site parking spaces further enhance tenant and customer convenience, an uncommon amenity in this high-density corridor. The property has a pro forma Net Operating Income of $161,659.

Strategically positioned just steps from 14th & U, the property offers exceptional walkability to the U Street Metro which serves the Green/Yellow Lines. The surrounding neighborhood is one of the most vibrant in Washington, D.C., characterized by high foot traffic, strong demographics with average household incomes of $197,000 within a half-mile, and sustained demand from both residents and businesses.

The investment outlook is bolstered by over $1 billion of recent and planned development in the immediate area, including the Reeves Center redevelopment and multiple large-scale projects by Hoffman & Associates, Transwestern, EastBanc, and FORTIS Companies. Within one mile, more than 800 new residential units, 43,000 square feet of retail, and 100,000 square feet of office space are under development, further fueling long-term appreciation and rent growth.

Whether acquired as a cash-flowing asset today or ideal for owner user, 1508 U Street NW represents a rare opportunity to own a piece of Washington, D.C. history in one of its most enduringly valuable submarkets.

The platform fee for this transaction is the greater of 5.00% or a minimum of $25,000.

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