Housing Complex

Sam’s Pawnbrokers Closing on 14th Street After 42 Years

If you've passed through Logan Circle during the day recently, you might have noticed that Sam's Pawnbrokers at 1508 14th St. NW has been shuttered most of the time, and there's a big FOR SALE sign on the building. Well, broker Wayne Dickson tells me it's under contract, and that the pawn shop will be leaving after the deal scheduled to close on May 31 (I've been calling the shop, and nobody picks up).

It's the end of an institution, really. The shop has been operating since 1943, and in that location—a former bakery built in 1875—since 1969. Metropolis Development tried to buy the building to build condos in 2004, but owner Jay Levy wasn't ready to sell, waiting for its price to rise with the real estate values around it.

"The analogy is kind of like owning a home in the D.C. area," Levy told the BizJo. "You can get a lot of money for your house, but where are you gonna go?"

Sam's departure will leave feisty Crown Pawnbrokers as the only pawnshop on 14th Street, with the others on H Street, Wisconsin Avenue in Georgetown, upper Georgia Avenue, and Woodridge.

  • Andrew

    Too bad. I bought a bike there! And I don't think it was stolen.

  • http://ghostsofdc.org Ghosts of DC

    No more boutique condos. We need a bagel shop badly. And we can always use more restaurants. On a Friday night you're looking at a two hour wait at Estadio or Pearl Dive. The demand is there...let's increase supply.

  • http://www.flickr.com/photos/thisisbossi/collections/ Bossi

    Unfortunate given that pawnshops always have such neat things, but in the era of eBay and Craigslist I'm admittedly surprised so many have survived this long.

  • Howard

    Can want tell me how you can claim your ticket? or any information when are they open or another number for them.

  • CharlesMac

    Can someone tell me where Jay Levy is because Alfrado Venture who was the inhouse repair Man is trying to get his SAFE.

  • William Pegues

    SORRY about SAM, THE SON IS WORTHLESSS

  • http://www.47stpawnshop.com pawn shop nyc

    so sorry to hear this news!

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