618-622 N Washington St
ALEXANDRIA, VA 22314

$2,900,000

Description

FULLY LEASED building six blocks north of King Street with three long-term tenants in place. Quick access to the heart of Old Town with its shopping and dining amenities, National Airport and downtown Washington, DC. Three long-term tenants provide stable income. Both retail tenants have been month to month many years. Additional value can be created by re-tenanting or passing through op/ex that owner currently pays. Landlord has no responsibility for interior or exterior cleaning or maintenance. *Sale of commercial property includes three separate parcels: (#618) 054.04-14-10; (#620) 054.04-14-09; (#622) 054.04-14-08 *Nearby amenities include Starbucks, Trader Joe's, FedEx/Kinko's, Harris Teeter, several restaurants, fitness studios, banks, gas station, several parks and the city's Charles Houston Rec Center *Plentiful dining and retail options have earned a "Walker's Paradise" score of 92 (Walk Score~) *Daily traffic count: 32,000+ cars *Braddock Road Metro station in walking distance (.5 miles) *3 Capital Bikeshare stations and dedicated bike lanes/trails within blocks; 2 Zipcar stations *6 DASH bus lines within 2 blocks (providing access to Braddock and King Street Metro stations, Shirlington) and a MetroBus line (spanning the GW Parkway from Mount Vernon to downtown Washington) *Quick access to National Airport (3.5 miles), 14th Street Bridge (5.5 miles), and Capitol Hill (7.5 miles) *Real estate taxes (2018): $27,625 *Lease for main tenant (Great Beginnings Preschool) expires 8/31/22, has annual escalations of $500/mo. and has one 5-year option for renewal *Retail tenant leases are currently month-to-month and include utilities and real estate taxes, tenants will sign leases with new owner

Details

MLS#VAAX227694
StyleIndustrial
Sub-TypeResale
StatusActive
Year1900
Days On Site117

Features

SQ Feet7,872
Story(s)0
Units3
ZoningOC

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Area Information

StateVA
CityALEXANDRIA
Zip Code22314
Listing VS Median (in 22314)
Price:
$2,900,000
low | high
Med:
$6,500
100% of Average
SqFt:
7,872
low | high
Med:
0
100% of Average
$ / SqFt:
$368
low | high
Med:
$0
100% of Average
On Site:
117
low | high
Med:
114
100% of Average
Listing Updated: 07/17/2019
MLS Number: VAAX227694
Listing Provided By:
Michael B Porterfield  of  Tartan Properties Inc.