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618-622 N Washington St, ALEXANDRIA, VA

$2,600,000 - 7,872 Sqft - .12 Acres - 181 DOM

**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

Essential Information

For 618-622 N Washington St, ALEXANDRIA, VA
  • MLS® # VAAX227694
  • Price $2,600,000
  • Bathrooms 0.00
  • Square Footage 7,872
  • Acres 0.12
  • Year Built 1900
  • Type Commercial Sale
  • Sub-Type Office
  • Status Active

Community Information

For 618-622 N Washington St, ALEXANDRIA, VA
  • Address 618-622 N Washington St
  • City ALEXANDRIA
  • County ALEXANDRIA CITY-VA
  • State VA
  • Zip Code 22314

Interior

For 618-622 N Washington St, ALEXANDRIA, VA
  • Heating Forced Air
  • Cooling Central A/C

Exterior

For 618-622 N Washington St, ALEXANDRIA, VA
  • Exterior Brick and Siding
  • Roof Shingle, Rubber

School Information

For 618-622 N Washington St, ALEXANDRIA, VA
  • District ALEXANDRIA CITY PUBLIC SCHOOLS

Additional Information

For 618-622 N Washington St, ALEXANDRIA, VA
  • Date Listed March 22nd, 2019
  • Days on Market 181
  • Zoning OC

Listing Details

For 618-622 N Washington St, ALEXANDRIA, VA
  • Office Tartan Properties, Inc.

Price Change History for 618-622 N Washington St, ALEXANDRIA, VA (MLS® #VAAX227694)

Date Details Change
Price Reduced from $2,900,000 to $2,600,000 $300,000 (10.34%)
Price Reduced from $3,100,000 to $2,900,000 $200,000 (6.45%)

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The listing content relating to real estate for sale on this web site is courtesy of MRIS. Listing information comes from various brokers who participate in the MRIS IDX.Properties listed with brokerage firms other than Compass are marked with the MRIS Logo and detailed information about them includes the name of the listing brokers.The properties displayed may not be all the properties available. All information provided is deemed reliable but is not guaranteed and should be independently verified.All listing information copyright MRIS 2019.

Listing information last updated on September 19th, 2019 at 1:03am EDT.