618-622 N Washington Street

    ALEXANDRIA, VA 22314
    • $2,600,000
    • STATUS: Active
    • ON SITE: 152 days
    • ID#: VAAX227694
    $2,600,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,544
      SQFT
    • $1,022
      $/SQFT
    Type:
    Commercial
    Built:
    1900
    County:

    School Ratings & Info

    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

    Monthly Payment Calculator

    ©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2019-08-21T23:53:03.263.
    www.hiban.com/homes/92959365

    618-622 N Washington Street ALEXANDRIA, VA 22314

    • Price: $2,600,000
    • Status: Active
    • ID#: VAAX227694
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    2,544
    SQFT
    $1,022
    $/SQFT
    1900
    Built
    County:
    Alexandria City
    School District:
    Alexandria City Public Schools
    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
    Exterior Features

    Construction Materials Brick Direction Faces East Garage YN No Other Structures Above GradeBelow Grade Parking Types None Riparian Rights YN No Roof ShingleRubber Water Access YN No Water Oriented YN No Waterfront YN No

    Interior Features

    Above Grade Fin SQFT 2544 Below Grade Finished Area 0 Below Grade Unfinished Area 0 Building Area Total 7872.00 Cooling Central A/C Fireplaces Total 0 Heating Forced Air Heating YN Yes Net Square Feet 7872.00

    Property Features

    Accessibility Features None Assessment Year 2019 Association YN No Business Type Day Care FacilityOther/General RetailProfessional Central Air YN Yes Cooling Fuel Electric Heating Fuel Natural Gas Hot Water Other Navigable Water YN N New Construction YN No Number Of Units Total 3 Original MLSNumber 301574424947 Ownership Interest Fee Simple Possession Other Property Sub Type Office Sale Type Standard Sewer Public Sewer Tax Annual Amount 9237.0 Tax Assessment Amount 817500.0 Tax Lot 618 Vacation Rental YN No Water Source Public Zoning Oc

    Listing courtesy of Tartan Properties, Inc..
    ©2019 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2019-08-21T23:53:03.263.
     
    Keller Williams Pat Hiban Real Estate Group
    8840 Columbia 100 Parkway, Ste. 110
    Columbia MD, 21045