"Minor" Adaptive Reuse Building - Many Possible Uses!
Property Description (English) CBD "Minor" Adaptive Reuse Opportunity 11,690 SF | 19 Private Parking Spaces | Offered at $1,300,000 Located in the heart of Washington's Central Business District, this 11,690-square-foot, two-level commercial building presents a rare opportunity to acquire a structurally sound, infrastructure-rich asset ideally suited for adaptive reuse or owner-user conversion. Originally constructed in the 1930s, the property underwent a comprehensive renovation in 2017 that materially modernized the building's systems and functionality. Improvements included installation of new HVAC systems, upgraded plumbing infrastructure, accessibility enhancements, and the addition of 3-phase electrical service. These upgrades significantly reduce the capital burden typically associated with repositioning older downtown buildings and allow future ownership to focus primarily on interior layout customization. The building is currently operating as a brewery and restaurant; however, the highest and best use may extend beyond hospitality. The existing improvements provide a strong foundation for conversion to a variety of commercial applications, including: Creative Office or Collaborative Workspace Event or Entertainment Venue Educational or Training Facility Faith-Based Organization Specialty Retail Concept Tech / Light Production or Maker Space Hybrid Mixed-Use or Live/Work Conversion (Buyer to verify permitted and conditional uses under CBD zoning) The layout features open floor areas, high ceilings, and flexible interior configuration across two levels, creating adaptability for both assembly and office-style environments. A key differentiator is the inclusion of 19 dedicated rear parking spaces - a scarce amenity within the downtown core that enhances usability for employees, patrons, or congregants and supports long-term liquidity relative to competing CBD properties. Property Highlights 11,690 SF total building area Two-level configuration 19 dedicated off-street parking spaces 2017 renovation including HVAC, plumbing, and accessibility upgrades 3-phase electrical service installed High ceilings and open floor plan areas Central Business District location Investment & Value Positioning Offered at $975,000.00, the pricing reflects a compelling basis relative to both replacement cost and the substantial infrastructure improvements completed in 2017. The building's envelope, mechanical systems, accessibility compliance, and power capacity have already been modernized - improvements that would require significant capital expenditure and extended timelines to replicate in today's construction environment. Combined with the inclusion of 19 private parking spaces, the asset offers a rare blend of downtown positioning and functional infrastructure. For adaptive reuse investors or owner-users, the renovation scope is largely limited to interior reconfiguration rather than full-system upgrades, creating a more efficient and predictable redevelopment pathway. This offering represents an opportunity to acquire a CBD asset with modern systems, flexible use potential, and long-term repositioning upside at a disciplined entry point.
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