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Multifamily Vacant-User

Grace Reformed Church

1401-1405 15th St NW, Washington, DC 20005

Listing Price: $5,650,000

Cap Rate
13.17%
Occupancy
95.0%
Price/Gross SF
$376.67
Gross SF
15,000

Investment Overview

The Milam Group is pleased to present for sale the Grace Evangelical & Reformed Church located at 1401-1405 15th Street, NW, Washington, DC. President Teddy Roosevelt laid the cornerstone of Grace Reformed Church on July 1, 1902, and spoke at its dedication on June 7, 1903. He would walk from the White House to attend Sunday morning worship services frequently while he served as President. The beautiful church can seat up to 350 people and was built in 1903. The property sits on 7,200 SF of land and includes an attached townhouse (1892) on 15th Street (1405 15th Street NW) and an attached Sunday school building (1912) behind the church. The total combined interior area is approximately 15,000 SF. The property has great frontage sitting on 15th Street adjacent to a side alley running along its south side with an additional side entrance to the Sunday school. The townhouse is zoned ARTS-3 which permits medium-density, mixed-use development, and the church is zoned RA-5 which permits high-density multifamily that can go up to a height of 90 feet. The property is in a historic district and was added to the National Register of Historic Places in 1991. Located in the Dupont/Logan Circle area of downtown Washington D.C., is only five blocks from the Dupont Circle Metro and one block to bus service on 16th Street and P Street. It is also one block from Whole Foods and the bustling 14th Street corridor.

Investment Highlights

  • Beautiful and Architecturally Distinct Church with a Townhome Attached
  • Property Sits on 7,200 SF of Land
  • Located in the Bustling Dupont/Logan Circle Neighborhoods, Walking Distance to the 14th Street Corridor
  • Walking Distance to Metro
  • Many Restaurants and Shopping Locations within Walking Distance

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (202) 536-3700

    License(s) DC: BR200201612

    District of Columbia

Multifamily Vacant-User

Grace Reformed Church

Listing Price: $5,650,000

Cap Rate
13.17%
Occupancy
95.0%
Price/Gross SF
$376.67
Gross SF
15,000

Investment Highlights

  • Beautiful and Architecturally Distinct Church with a Townhome Attached
  • Property Sits on 7,200 SF of Land
  • Located in the Bustling Dupont/Logan Circle Neighborhoods, Walking Distance to the 14th Street Corridor
  • Walking Distance to Metro
  • Many Restaurants and Shopping Locations within Walking Distance

Investment Overview

The Milam Group is pleased to present for sale the Grace Evangelical & Reformed Church located at 1401-1405 15th Street, NW, Washington, DC. President Teddy Roosevelt laid the cornerstone of Grace Reformed Church on July 1, 1902, and spoke at its dedication on June 7, 1903. He would walk from the White House to attend Sunday morning worship services frequently while he served as President. The beautiful church can seat up to 350 people and was built in 1903. The property sits on 7,200 SF of land and includes an attached townhouse (1892) on 15th Street (1405 15th Street NW) and an attached Sunday school building (1912) behind the church. The total combined interior area is approximately 15,000 SF. The property has great frontage sitting on 15th Street adjacent to a side alley running along its south side with an additional side entrance to the Sunday school. The townhouse is zoned ARTS-3 which permits medium-density, mixed-use development, and the church is zoned RA-5 which permits high-density multifamily that can go up to a height of 90 feet. The property is in a historic district and was added to the National Register of Historic Places in 1991. Located in the Dupont/Logan Circle area of downtown Washington D.C., is only five blocks from the Dupont Circle Metro and one block to bus service on 16th Street and P Street. It is also one block from Whole Foods and the bustling 14th Street corridor.

Exclusively Listed By

Broker of Record

  • Brian Hosey

    First Vice President / District Manager

    (202) 536-3700

    License(s): DC: BR200201612

    District of Columbia

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