UPDATED:
10/29/2024 08:00 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 8,400 sqft
Price per Sqft $690
MLS Listing ID DCDC2165922
Originating Board BRIGHT
Year Built 1930
Tax Year 2023
Lot Size 4,326 Sqft
Acres 0.1
Property Description
Owned continuously by CDC since 2006, the Property measures 8,400 gross square feet, which includes an 800 sq/ft basement, and two (2) even floors of 3,750 sq/ft each stacked above. The Property is situated on a two-parcel combined lot measuring 4,326 sq/ft and is zoned ARTS-3, which provides for a wide variety of permissible uses by a matter of right, both commercial and residential. The existing Certificate of Occupancy is for 150 persons seated and previously contained an endorsement permitting the sale of packaged food, beer, and wine.
The Property is the home of Source Theater and has served as a hub for creativity, innovation, and community engagement, housing three resident theater organizations and providing rehearsal, educational, and performance space for countless arts organizations for nearly two decades. The Owner desires an arm's length sale as opposed to a lease, or provide options to purchase.
On behalf of the Owner, CC seeks to engage in discussions with interested prospective purchasers capable of acquiring the Property and do so in calendar year 2024. CDC is the Owner and occupant of the Property and the entire premises can be delivered vacant upon transfer of title or otherwise as mutually agreed upon. Written offers will be considered on a rolling basis following the publishing of this listing (October 24, 2024) and there exists no first right of refusal (ROFR) or first right of offer (ROFO) to any parties.
Interested parties can schedule Property tours via Congressional Commercial, LLC using the contact details contained within.
Location
State DC
County Washington
Zoning ARTS-3
Interior
Hot Water Natural Gas
Heating Forced Air
Cooling Central A/C
Flooring Concrete
Equipment Negotiable
Heat Source Natural Gas
Exterior
Garage Spaces 4.0
Utilities Available Natural Gas Available, Phone, Phone Available, Phone Connected, Electric Available, Sewer Available, Under Ground, Water Available
Water Access N
Roof Type Concrete,Pitched,Rubber
Street Surface Access - On Grade,Alley,Black Top
Accessibility 2+ Access Exits, Level Entry - Main
Road Frontage City/County
Total Parking Spaces 4
Garage N
Building
Lot Description Additional Lot(s)
Foundation Slab
Sewer Public Sewer
Water Public
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 0238//0033
Ownership Fee Simple
SqFt Source Estimated
Security Features 24 hour security
Acceptable Financing Assumption, Cash, Conventional, Industrial Development Authority
Listing Terms Assumption, Cash, Conventional, Industrial Development Authority
Financing Assumption,Cash,Conventional,Industrial Development Authority
Special Listing Condition Standard
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