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The U.S. General Services Administration has initiated the process to sell the former Webster School in the Penn Quarter neighborhood of Washington DC. The Webster School represents an unparalleled historic redevelopment opportunity in the most sought-after neighborhood of Washington DC.
Prime Redevelopment Opportunity. The historic former school is located on the southeast corner of 10th and H Streets NW in the City Center/Penn Quarter neighborhood. Webster at City Center is located in the mixed-use City Center neighborhood of Washington DC. City Center and includes more than 40 retail shops, a dozen restaurants, luxury multifamily rental and condominium buildings and 2 trophy office buildings. Most notable is a European style curated alley, Palmer Alley, a large public park and highly programmed activities.
Excellent Development Potential. The corner location and small size makes the Webster School ideal for all types of redevelopment including boutique hotel or residential or traditional office space.
The three-story building is approximately 27,500 square feet and located on the southeast corner of 10th and H Streets NW. The architecture is typical of small school buildings constructed in the last two decades of the 19th century, typically containing 8- 12 classrooms with symmetrical elevations and red brick exteriors intended to serve local neighborhoods.
Amenities. The Webster School has exceptional public transportation alternatives and a Walk Score of 97. It is considered a Walker’s Paradise with a score of 100 for public transportation and extremely bikeable.
The District of Columbia has announced the investment of $500 million in the Penn Quarter neighborhood of Washington DC. Improvements include a complete renovation and modernization of the Capital One Arena, creating a wide boulevard along 7th Street to link the Southwest Waterfront to the arena, 200,000 square feet of newly programmed space at Gallery Place and numerous other beautification projects.
Bidding will open on Sept 18, 2024, at 9 a.m. Central.
At the close of the auction, the high bid will be considered for acceptance by the government. The government reserves the right to reject any or all bids for any reason. Once you submit a bid, you cannot cancel it, but you can replace it with a higher bid. When you submit a new higher bid, it replaces your previous one.
How to bid
Visit the GSA auction site and select red button near the top right, “Place Bid.”
Auctions for real property accept flat or automatic bids.
A flat bid is for an amount at least the current bid plus the posted minimum bid increment. If the bid is greater than another bidder’s automatic bid, the system will consider this flat bid as the current (high) bid. If the bid is less than or equal to another bidders automatic bid, the system will record the bid but it will not be considered the current (high) bid.
An automatic bid is an amount that you set above the posted minimum bid. Realestatesales.gov will use as much of your bid as needed to make you the current winner of the auction or to meet the auction reserve price. The system will automatically apply the minimum bid increment up to the total amount to make you the current winner of the auction or to meet the auctions reserve price. Your automatic bid amount is not shown to other bidders until it is reached through competitive bidding. You may change your bid amount but not to less than the next bid increment amount.
GSA Auctions only accepts bids in whole dollar amounts. Bids in partial dollar amounts, for example, $150.25, will not be accepted by the system..
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U.S. General Services Administration
