421 S Washington St - Storefront Retail/Office FOR SALE


Alexandria, VA 22314- Old Town
$950,000 USD
571-867-8286
421 S Washington St, Alexandria, VA for Sale
$950,000 USD
Storefront Retail/Office - FOR SALE
1/26
null | Request Cap Rate

421 S Washington St
Alexandria, VA 22314
Old Town


HIGHLIGHTS

  • Heavy foot and street traffice
  • On and off-street parking
  • Highly versatile space

OVERVIEW

Rare, highly flexible building on busy South Washington Street in the heart of historic Old Town Alexandria. Currently used for commercial purposes, but comes pre-approved for return to residential use. Off-street parking for three vehicles in shared parking lot, and free street parking on both sides of South Washington and neighboring streets. Property has thrived as retail as well as office space. Currently home to two beauty salons. Neighboring properties are a mix of businesses and residences, including the high-traffic CVS location on the corner of South Washington and Wilkes. Interior space is beautifully finished with detailed molding and wood floors, including refinished original heart pine floors upstairs. It all combines into a classic palette suitable for traditional or modern finishings. New windows, and new Carrier Infinity A/C-heat pump on first floor. Upstairs has a Mitsubishi mini-split system installed in 2018. Brand new natural gas boiler for backup heat. New water heater circa 2022. Unfinished basement with repointed brick, new French drain and sump pump, washer and dryer hookups, and stairs to back parking lot. First floor has a private half bath and second floor has a private bathroom with shower. Middle of three upstairs rooms has electrical and plumbing service for a kitchen. Second floor tenant's lease expires 07.31.25 and is willing to renew. Most photos automatically populated and reflect decor in 2017.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$437 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront, Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1880

SPRINKLERS

-

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

CL

APN/PARCEL ID

074.04-11-15

ASK ABOUT THIS PROPERTY

Matthew Duchesne2032 Properties LLCMore Info
571-867-8286

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Matthew Duchesne2032 Properties LLCMore Info
571-867-8286

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.