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Key Details
Sold Price $5,500,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 7,976 sqft
Price per Sqft $689
MLS Listing ID DCDC480446
Sold Date 11/19/20
HOA Y/N N
Originating Board BRIGHT
Year Built 1917
Annual Tax Amount $4,079
Tax Year 2019
Lot Size 892 Sqft
Acres 0.02
Property Description
Introducing the Powerhouse. Optimally positioned on vibrant Grace Street connecting Georgetowns famed M Street shopping corridor with high-end K Street office complexes and premier residential buildings. Sited a block away from Wisconsin Avenue and M Street NW, the busiest intersection in Georgetown. The iconic Powerhouse features 30 foot high ceilings, dramatic floor-to-ceiling Palladian windows overlooking the C&O Canal, mezzanine spaces, and the Powerhouse smokestack which rises through the building and towers above the skyline of Georgetown rising 150 feet. A large outdoor courtyard and the Trestle Bridge connect the Powerhouse to M Street and the Shops at Georgetown Park. The neighborhood is home to Georgetown University and a 15-minute walk from George Washington University. The immediate area offers several, modern furniture showrooms, coffee shops, art galleries, and critically acclaimed restaurants, including Bourbon Steak, Fiola Mare by Fabio Trabocci & Reverie, as well as DCs world-class hotels: The Four Seasons, The Ritz-Carlton, and the Rosewood. High-end boutiques in the area include The Apple Store, Nike, Ralph Lauren & Calvin Klein. Its been said that Robert Powerhouse Grey, one of DCs most powerful and influential lobbyists, had designated the building an official Federal Landmark allowing it to be one of the three DC properties that do not require a mailing address, next to the US Capitol and the White House. The building is zoned MU12, affording endless possibilities and uses for one of Georgetowns rarest legacy assets ever to be offered publicly.
Location
State DC
County Washington
Zoning MU12
Interior
Hot Water Natural Gas
Heating Central
Cooling Central A/C
Heat Source Natural Gas
Exterior
Water Access N
Accessibility None
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
School District District Of Columbia Public Schools
Others
Tax ID 1200//0834
Ownership Fee Simple
SqFt Source Assessor
Special Listing Condition Standard
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Bought with Daniel M Heider • TTR Sotheby's International Realty