618-622 N Washington St, ALEXANDRIA, 22314

REDUCED 4% Commercial Sale - Office For Sale

$2,500,000

Beds
Baths
7,872Sqft
.12Acres
1900Built
243DOM
MLS® #: VAAX227694
Active, 243 Days on Market

**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

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Price & Status History

Date Details
Price Reduced from $2,600,000 to $2,500,000
Price Reduced from $2,900,000 to $2,600,000
Price Reduced from $3,100,000 to $2,900,000

Essential Information

MLS® #: VAAX227694
Price: $2,500,000
Condo Coop Fee: $0
Bathrooms: 0.00
Square Footage: 7,872
Acres: 0.12
Year Built: 1900
Type: Commercial Sale
Sub-Type: Office
Status: Active
Taxes: $9,237
Tax Year: 2019

Community Information

Address: 618-622 N Washington St
County: ALEXANDRIA CITY-VA
State: VA
Zip Code: 22314

Interior

Heating: Forced Air
Cooling: Central A/C

Exterior

Exterior: Brick and Siding
Roof: Shingle, Rubber

School Information

District: ALEXANDRIA CITY PUBLIC SCHOOLS

Additional Information

Listing Office: Tartan Properties, Inc.
Date Listed: March 22nd, 2019
Days on Market: 243
Zoning: OC

Financials

$/SqFt: $318

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Listing information last updated on November 19th, 2019 at 8:15am EST.