7th & D

301 7th Street Southwest, Washington, DC, 20024, US

描述

Jones Lang LaSalle Americas, Inc. (“JLL”), as exclusive representative for the U.S. General Services Administration (“GSA”), is pleased to present the opportunity to purchase 7th & D Federal Office Building (the “Property”), an existing +/- 940,096 square foot vacant office building located on a 3.44-acre site at 301 7th Street SW, Washington, DC. Originally built as a warehouse in 1935 and later converted to the headquarters of the GSA, 7th & D contains seven above-grade floors along with a basement and mechanical penthouse. The Property was most recently occupied by the Department of Homeland Security and has been vacant since March 2025. 7th & D is a rare opportunity to acquire a blank canvas for conversion or redevelopment in a premier Washington, DC location.

7th & D is located in one of the most desirable neighborhoods in DC, positioned at the heart of the rapidly transforming Southwest submarket. The Property sits between the National Mall and the 3.2 MM SF District Wharf – a $2.5 BN mixed-use development along the Tidal Basin Waterfront and home to the dozens of the city’s top restaurants, retailers, and entertainment venues.

7th & D is adjacent to the L’Enfant Plaza Metro Station (Green, Yellow, Blue, Orange, and Silver lines and VRE access) and just steps from the Smithsonian National Air and Space Museum. DC’s Southwest submarket, which currently has zero units in the supply pipeline after 2025, offers an excellent demographic profile with an average household income of $159,261 within a one-mile radius of the Property. In 2024, the conversion of the Department of Agriculture’s Cotton Annex, originally built in 1936 and located two blocks from 7th & D, was completed, delivering 564 luxury apartment units.

The Property possesses ideal repositioning optionality, as the flexible D-8 zoning allows for both commercial and residential use by-right. 7th & D represents a prime opportunity to reimagine one of the best-located assets in the entire DC Metro region.

The GSA will only evaluate all-cash, non-contingent offers, meaning buyers can acquire a desirable redevelopment property on an as-is-where-is basis.

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特性

建築物面積 (建築面積)

87,338 平方米

土地面積

1.39 公頃

分区

D-8 (Downtown Mixed-Use)

媒體

投資亮點

Exceptional Opportunity to Acquire a Generational Redevelopment Site: Extremely well-located downtown asset in one of DC’s most exciting neighborhoods with the opportunity to redevelop or convert without doing any de-tenanting.

Premier Live/Work/Play Location: Nestled between the National Mall and the transformational 3.2 MM SF District Wharf – a $2.5 BN mixed-use development situated along Washington’s Waterfront and home to the dozens of the city’s top restaurants, retailers, and entertainment options. The Property has proximity to other amenities such as the East Potomac Golf Course, the Smithsonian National Air and Space Museum, the International Spy Museum, and Arena Stage.

Outstanding Multi-Modal Accessibility: Adjacent to the L’Enfant Plaza Metro Station (Green, Yellow, Blue, Orange, and Silver lines and VRE access) and offers immediate proximity to I-395 and I-695. 7th & D is also located within 15 minutes from both Union Station and Reagan National Airport, providing regional connectivity.

Excellent Demographics: As of Q2 2025, there are over 500,000 daytime workers within a two-mile radius, the vast majority of whom have white collar jobs. The DC labor market has been historically resilient compared to the rest of the country, providing a stable employment base. The average household income within a two-mile radius is over $140,000 despite a median age of 33.2.

Repositioning Optionality: Flexible D-8 zoning allows for by-right residential redevelopment or conversion. Additionally, the building was originally constructed for warehouse use and the floorplates and ceiling heights allow for potentially reimagining the Property as storage space.

All-Cash Non-Contingent Sale: The GSA will only be evaluating all-cash offers with no contingencies, providing investors the unique opportunity to acquire generational real

estate on an as-is-where-is basis.