A historic school building that has been vacant since the 1980s is up for grabs, paving the way for new life on a prime downtown D.C. block.
The federal government launched an online auction last week for the Webster School building at 940 H St. NW, directly across from the CityCenterDC mixed-use development. The government has owned the prperty for more than two decades but has left it empty and boarded up.
The General Services Administration opened online bidding on the 27,500 SF property last week via its real estate auction platform. Bidders are required to post a $500K deposit, and the minimum bid is $1M. The GSA hasn’t yet determined an end date for the auction.
“The corner location and small size makes the Webster School ideal for all types of redevelopment including boutique hotel or residential, embassy or consulate use or traditional office space,” the listing says.
DowntownDC Business Improvement District CEO Gerren Price told Bisnow Monday that the property would be a “great spot” for retail use, given its proximity to CityCenter and other downtown destinations.
“Any movement with respect to a building that has sat empty and vacant becoming activated and being used in a positive way fits into our broader goal of supporting downtown’s comeback and revitalization,” he said. “We strongly support and are excited to see what happens with this upcoming auction and hope that that building is transitioned to a dynamic and more vibrant use that’s going to bring some good to the community.”
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