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52 O Street Nw, Unit 113Washington, DC 20001Price: $1,600

  • Price: $1,600
  • 11 Days on Market
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Federal 30-year interest rate: 6.77% last updated on Feb 15, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $1,600List Price
  • 575Square Feet

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Garage space with heating and air conditioning all utilities are included with 24 hour access. Running a business out of a 24-hour garage space can offer several benefits, depending on the nature of the business and its target audience. Here are some advantages: Extended Operating Hours: Access to a 24-hour garage space allows your business to operate around the clock, catering to customers with different schedules and time zones. Increased flexibility in serving customers, including night owls, shift workers, or individuals in different geographical locations. Reduced Overhead Costs: Garage spaces may be more cost-effective compared to traditional office or retail spaces, helping to keep overhead costs low. Energy costs may be reduced during non-peak hours, contributing to overall cost savings. Adaptability for Various Business Models: Suitable for businesses that involve vehicle maintenance, repair, or services that can be provided in a garage setting. Ideal for startups or businesses with limited resources looking for a versatile and affordable space. Opportunity for Niche Markets: Attract customers who prefer or require services during unconventional hours, such as emergency vehicle repairs, overnight car detailing, or other specialized services. Enables real-time response to customer inquiries and orders, potentially improving customer satisfaction. Convenience for Customers: Convenient for customers who need immediate assistance or services at any time of the day or night. Can attract customers who value flexibility and convenience in service delivery. Community Engagement: The 24-hour availability may lead to increased community engagement as the business becomes a go-to destination for various needs. Can foster a sense of community and loyalty among customers who appreciate the accessibility. Increased Productivity: Around-the-clock operations can lead to increased productivity by optimizing resource utilization. Employees working in shifts can help maintain a continuous workflow, ensuring that tasks are accomplished efficiently. Differentiation in the Market: Having a 24-hour garage space can set your business apart from competitors that operate on standard business hours. ---------- 52 O Street Studios is a privately owned building that offers studio spaces to professional artists and creative businesses. At 35,000 square feet, the building is the largest of its kind in Washington, D.C. It has 4 floors of studio space and currently leases spaces to 50+ artists and business owners. ----------- The four-story warehouse at 52 O Street NW in Washington, DC was built by the Sanitary Grocery Company 1914 in what was then a remote, industrial part of town. It was designed by architect Clement Didden, who had previously assisted Richard Morris Hunt in the design of landmarks including the Metropolitan Museum of Art. Over the years, the building has housed a meat-packing company, a plumbing company, a Hecht's furniture factory, and Decca Records. Click here to read more about the history of the building. ​ 52 O Street was converted into artist studios in 1978 by Eric Rudd, who felt there was a shortage of affordable space for Washington-based artists. It was simple to convert the warehouse into art studios because of its open floor plan, ample windows, and high ceilings.

Property Details of 52 O Street Nw, Unit 113

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Listed by Kenn B Blagburn of DC Real Property,LLC

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