Avison Young is pleased to present the opportunity to acquire 4875 Eisenhower Avenue, a strategically located commercial property in the heart of Alexandria, VA. 4875 Eisenhower Avenue is a freestanding office building consisting of approximately 49,000 square feet on 2 levels situated on a 2.31-acre parcel in the rapidly transforming Eisenhower Valley section of Alexandra. The property has been owned by CommonWealth One Federal Credit Union (COFCU) since 1992 and COFCU occupies ~50% of the building as its current headquarters location along with several other tenancies. There are 137 surface parking spaces on site. The current tenant roster includes D Watts Construction, District Foot and Ankle, and Rosa Family Chiropractic. Built in 1986, the property currently falls into OCM(100) zoning and has a .49 FAR. The property is ideal for a commercial user or an investor-owner as a potential covered land play while seeking entitlements with the City to gain additional density and value as a residential redevelopment play. In recent years, this general location has transitioned from older office and flex/industrial stock to new residential projects including affordable housing at the former Victory Center site, as well as Tri Pointe Homes’ recent 39-unit townhome and condo-style development at Eisenhower Pointe to the west of the subject property. Tri Pointe has also recently received approval from the City of Alexandria to develop an additional 117 units comprised of 37 traditional townhomes and 80 stacked units immediately to the east of the subject property.