Federal Agency Sells Liberty Loan Building in Washington

The General Services Administration announced the sale of the Liberty Loan Building, a vacant federal property in Southwest Washington, D.C. Federal officials said the sale is expected to save taxpayers nearly $14.6 million in deferred maintenance costs and an additional $1.6 million in annual operating expenses.

The Liberty Loan Building occupies roughly 2.76 acres and includes a six-story structure of about 173,000 gross square feet. The site overlooks the Tidal Basin and sits near the Jefferson Memorial, the National Mall, the Washington Monument, and the Southwest waterfront.

The building was constructed in 1919 to house the Liberty Loan bond program during World War I. Until 2024 it housed the Department of the Treasury’s Bureau of the Fiscal Service, which relocated to the U.S. Mint headquarters last spring.

Officials and real estate brokers said the property drew significant investor interest due to its location and redevelopment potential. ” The sale is part of a broader federal effort to dispose of aging and underused properties. The administration has identified dozens of additional federal properties nationwide for possible sale.

Agency officials estimate the broader initiative could eventually eliminate roughly $5 billion in deferred maintenance obligations and annual operating expenses.