Commercial Properties for Sale in the District of Columbia
The business of commercial properties for sale in Washington DC is a very lucrative one. The reasons are obvious. The District has been going through an economic renewal for years and it shows no signs of letting up, with increased business due to many factors—government jobs, tourism, red-hot retail, professional sports franchises, arts & entertainment, an unbelievable number of restaurants and much more.
And with a growing population and continued entrepreneurship, the sales of business spaces are showing steady improvement, while sales for residential buildings (also considered commercial properties) are climbing at an even higher rate.
Commercial Properties for Sale
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DC is a unique region. Not only is it the epicenter of the federal government, but it’s loaded with history and made up of many different Wards and neighborhoods, from urban to suburban and from those still transitioning from hard times to some of the ritziest zip codes in the country. There are also large areas undergoing wholesale redevelopment, including the Southeast and Southwest Waterfronts. The positive impact that these projects have on surrounding commercial properties for sale is significant.
The history of the nation’s capital can also influence commercial real estate. Many antique buildings enjoy historical protection, including former churches and schoolhouses that no longer serve that purpose. There’s also old warehouses, alleyway livery stables and all sorts of other interesting buildings that can be bought and sold as commercial properties and converted into other use.
Ultimately, DC has something for everyone when it comes to commercial properties. From old Gothic structures to new modern glass and steel buildings, and from prime territory real estate to bargains in up-and-coming areas, there is lots to choose from.
So whether you want to buy or sell, or whether your dream is to build luxury condos or open a hipster coffee shop, DC is a place with a huge upside. And researching commercial properties for sale is your first logical step toward making all this happen. To learn more, call District Partners at Compass, 202-798-3600.
