421 T Street

About 421 T Street

Cushman & Wakefield’s Mid-Atlantic Multifamily Advisory Group is pleased to present 421 T Street NW, a rare, fully vacant former historic mansion in shell condition. This is an opportunity for buyers to acquire a TOPA-free investment opportunity in the heart of Washington, DC’s vibrant Shaw neighborhood. Buyer can finish the current construction plan or customize per their specifications. Buyers will acquire the current plans and all approvals and in-place permits. Investors have the chance to blend timeless architecture with modern luxury, offering fully furnished units featuring high-end finishes, stainless steel appliances, quartz countertops, in-unit laundry, and private bedrooms. Investors can pursue flexible strategies, including traditional rental, co-living, or individually platted condo sales. The Shaw area is supported by a young, affluent demographic base with 40% aged 25 to 34 and 68% earning six figures within a half-mile. Surrounded by over 800,000 square feet of retail and entertainment, including the Howard Theater, 9:30 Club, and Atlantis, the property offers unmatched convenience with two nearby Green Line Metro stations connecting directly to major employment hubs such as NoMa, Penn Quarter, and the East End, which is home to top employers like Google, Goldman Sachs, and Arnold & Porter. With no new market-rate supply expected through 2025 and for-sale home values continuing to increase rapidly, 421 T Street is ideally positioned for long-term growth, strong absorption, and long-term value creation in one of DC’s most dynamic neighborhoods. To sign CA and obtain more information please go to: https://www.loopnet.com/Listing/421-T-St-NW-Washington-DC/37923918/