618-622 N Washington St, ALEXANDRIA Property Listing: MLS® #VAAX227694

**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

618-622 N Washington St, ALEXANDRIA Property Listing: MLS® #VAAX227694 Close
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  • Price$2,500,000
  • Sq. Ft.7,872
  • Acres0.12
  • Built1900

618-622 N Washington St, ALEXANDRIA

**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

  • MLS® #VAAX227694
  • Price$2,500,000
  • Bathrooms0.00
  • Square Footage7,872
  • Acres0.12
  • Year Built1900
  • TypeCommercial Sale
  • Sub-TypeOffice
  • StatusActive

Interior

  • HeatingForced Air
  • CoolingCentral A/C

School Information

  • DistrictALEXANDRIA CITY PUBLIC SCHOOLS

Listing Details

  • Listing OfficeTartan Properties, Inc.

Community Information

  • Address618-622 N Washington St
  • CityALEXANDRIA
  • CountyALEXANDRIA CITY-VA
  • StateVA
  • Zip Code22314

Exterior

  • ExteriorBrick and Siding
  • RoofShingle, Rubber

Additional Information

  • Date ListedMarch 22nd, 2019
  • Days on Market208
  • ZoningOC

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

Date Details Price Change
Price Reduced $2,500,000 $100,000 (3.85%)
Price Reduced $2,600,000 $300,000 (10.34%)
Price Reduced (from $3,100,000) $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 Long & Foster Real Estate, Inc. 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 October 15th, 2019 at 9:15am EDT.