Power House


3255 Grace St NW

Sold Price: $5,500,000

Sold by Heider

Details

7,976 Square Feet

0.02 Acres

Property Description

SOLD BY HEIDER $5,500,000 3255 GRACE ST NW WASHINGTON, DC 20007(Get Directions) Acres:0.02Sqft:7,976 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.