624 N Washington StAlexandria, VA 22314MLS Number VAAX2010856

  • Price: $1,200,000
  • 57 Days on Market
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Federal 30-year interest rate: 5.3% last updated on May 12, 2022
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624 N Washington St Alexandria VA 22314624 N Washington St Alexandria VA 22314624 N Washington St Alexandria VA 22314624 N Washington St Alexandria VA 22314624 N Washington St Alexandria VA 22314624 N Washington St Alexandria VA 22314624 N Washington St Alexandria VA 22314624 N Washington St Alexandria VA 22314624 N Washington St Alexandria VA 22314624 N Washington St Alexandria VA 22314624 N Washington St Alexandria VA 22314624 N Washington St Alexandria VA 22314624 N Washington St Alexandria VA 22314624 N Washington St Alexandria VA 22314624 N Washington St Alexandria VA 22314624 N Washington St Alexandria VA 22314624 N Washington St Alexandria VA 22314
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  • 0.04Acreage
  • 1980Year Built
  • 557Price Per Square Foot
  • 2021Assessment Year
Investment opportunity for sale with two quality tenants in place Dental practice on first and second floors,florist on lower level Dental practice has a lease expiration in December 2023 with 1 5-year option to renew Flower shop currently month to month,has occupied lower level for 10+ years Florist lower level month to month,paying $1,647/month flat Dental practice pays share of gas and electric,landlord currently reimburses one third of utilities Two private parking spaces in rear,accessed via alley OC zoning allows for one to two apartment dwelling units as accessory use over commercial use Opportunity to convert first and second floors to residential use while maintaining flower shop in lower level for additional income Custom wrought iron stairs in front Hardwood floors throughout Currently set up to support dental practice Kitchen or lab space on second floor Covered deck on second floor Half bath on lower level,full bath on second floor Two private parking spaces in rear,accessed via alley Ample amenities within walking distance,including Trader Joes,FedEx,multiple restaurants Located in the rapidly developing OTN Two stoplights from the GW Parkway for quick access to Washington D.C. 5 blocks to Braddock Road Metro,6 blocks to King Street High visibility location,opportunity for building signage
Listed by Michael B Porterfield of Tartan Properties,Inc.

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Leesburg, VA 20175

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Basic Information

  • Broker NameTartan Properties, Inc.
  • List Price$1,200,000
  • MLS NumberVAAX2010856
  • MLS Property TypeCommercial Sale
  • Price Per Square Foot557
  • StatusACT
  • Vacation Rental YNN

Building

  • Building Area SourceEstimated
  • Building Area Total2154
  • Construction MaterialsBrick
  • Garage Spaces
  • Num Attached Garage Spaces
  • Num Detached Garage Spaces
  • Total Garage And Parking Spaces2
  • Year Built1980

Amenities

  • Accessibility AmenitiesNone

Water Body

  • Tidal Water YNN
  • Water AccessN
  • Water View YNN
  • WaterfrontN

Tax Information

  • Assessment Year2021
  • City Town Tax7009
  • City Town Tax Payment FrequencyAnnually
  • Tax Assessment Amount650280
  • Tax Lot624
  • Tax Year2021
  • Taxes$7,009
  • Total Taxes Payment FrequencyAnnually

Property

  • Acreage0.04
  • Business TypeMedical, Other/General Retail, Professional, Bed and Breakfast, Hair Salon and Spa
  • Lot Size SourceAssessor
  • Lot Size Square Feet1,530
  • New Construction YNN
  • Property SubTypeMixed Use
  • ZoningOC
  • Zoning DescriptionOC zoning allows for one to two apartment dwelling units as accessory use over commercial use

Legal

  • Landusecode34
  • PossessionNegotiable
  • Sale TypeStandard

Other

  • Cap Rate6

Parking

  • Assigned Parking Spaces
  • Parking TypesDriveway

Basic Information

  • Date Listed03/22/2022

Location

  • Address624 N Washington St
  • Building Number624
  • CountyAlexandria City
  • DirectionsLocated in the rapidly developing OTN Two stoplights from the GW Parkway for quick access to Washington D.C. 5 blocks to Braddock Road Metro,6 blocks to King Street
  • In City Limits YNY
  • Navigable Water YNN
  • StateVA
  • TownAlexandria
  • Water Oriented YNN
  • Zip22314

Utilities

  • Central Air YNY
  • CoolingCentral A/C
  • Cooling FuelElectric
  • Heat SystemHot Water
  • Heating FuelElectric
  • Heating YNY
  • SewerPublic Sewer
  • Water HeaterElectric
  • Water SourcePublic

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Copyright 2022 BRIGHT, All Rights Reserved.  Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Carter Braxton Preferred Properties participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Data last updated May 18, 2022. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

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