x
Price Reduction
Address
618-622 N Washington Street Alexandria, VA
Price
$ 2,500,000
Property Attributes
  • MLS#VAAX227694
  • TypeCommercial
  • CountyALEXANDRIA CITY
  • CityAlexandria
  • Zip22314
  • StyleDay Care Facility,/General Retail,Professional
  • Year Built1900
  • Taxes9237
  • Price$ 2,500,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage7872
  • Lot Size5,227 SqFt
Listing Provided Courtesy Of:
Tartan Properties, Inc.
Property Description

**PRICE REDUCED!** 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

Price History
3/22/2019 Listed $3,100,000
3/27/2019 7% - $2,900,000
7/23/2019 11% - $2,600,000
10/3/2019 4% - $2,500,000

General Features

Accessibility None
Business Type Day Care Facility, Other/General Retail, Professional
Cool Fuel Electric
County ALEXANDRIA CITY
New Construction No
Ownership Fee Simple
Possession Other
Price Per Sq Ft 317.58
Property SubType Office
Property Type Commercial Sale
Tax Year 2019
Total Units 3
Vacation Rental Y/N No
Zoning OC

Interior Features

Central Air Y/N Yes
Cooling Central A/C
Heating Forced Air
Heating Fuel Natural Gas
Heating Y/N Yes
Hot Water Other

Exterior Features

Building Area Total 7872.00
Construction Materials Brick
Lot Size Acres 0.12
Lot Size Source Owner
Lot Size Square Feet 5270.00
Navigable Water Y/N No
Roof Shingle, Rubber
Sewer Public Sewer
Type of Parking None
Water Access Y/N No
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 22314

Price
AVG $770K
$2.5M
Taxes
AVG $28,298
$9,237
Visits
AVG 30
51
Year Built
AVG 1930
1900
Walkscore
AVG 90
92
Data Provided by Walkscore ® not using MLS data

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