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Asset Snapshot
Investment Highlights
Offering Summary
Brokered by Cushman & Wakefield and powered by RealINSIGHT Marketplace, 450 H Street NW is a 31,340 SF, ten-story Class B office building in Washington, DC's East End, offered as an REO sale and delivered entirely vacant. The property sits on the north side of H Street between 4th and 5th Streets NW, two-tenths of a mile from Judiciary Square Metro, a quarter mile from Gallery Place-Chinatown, and roughly two blocks from Capital One Arena, where an $800 million renovation backed by a $515 million District investment is underway. Zoned D-4-R, the downtown district with a high-density residential emphasis, the building supports four paths to value: an owner-user seeking a self-contained Washington address, a value-add investor leasing into the East End's flight-to-quality market, a converter tapping the District's office-to-residential momentum, or a developer reimagining the site. The existing improvements represent an 8.87 FAR under a 110-foot height limit, well above the 3.5 FAR available for new office construction without credits. Built in 1986, the reinforced-concrete building features a side-core layout suited to full-floor users, two elevators, central HVAC, full sprinkler coverage and four below-grade parking spaces. Chinatown's 7th and H Street dining corridor, CityCenterDC and the Walter E. Washington Convention Center are all within a half-mile walk.
Due Diligence
Location
450 H Street NW sits in Washington, DC's East End between 4th and 5th Streets, 0.2 miles from Judiciary Square Metro and a quarter mile from Gallery Place-Chinatown. Capital One Arena, CityCenterDC, the Convention Center and federal courts are within a half-mile walk, with Union Station and the U.S. Capitol under a mile away, drawing steady foot traffic and talent.
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
