50 S Pickett St - Medical CONDO FOR SALE


Alexandria, VA 22304- Landmark/Van Dorn
$500,000 USD
703-225-8292
50 S Pickett St, Alexandria, VA for Sale
$500,000 USD
Medical CONDO - FOR SALE
1/27
null | Request Cap Rate

50 S Pickett St
Alexandria, VA 22304
Landmark/Van Dorn


OVERVIEW

Huge price improvement motivated seller! Two commercial condo units with prime visibility are now available on Pickett Street in a bustling strip mall. Each unit has a low condo fee of $245 per month. Suite #225 is adjacent to Suite #223, providing a combined total of 1,286 sq. ft. Located in a densely populated area, the property is just minutes from DC, Old Town Alexandria, Arlington, Springfield, and Maryland. Currently, both units can be purchased for $250k each. Both are occupied, with a combined monthly rent of $3,200 on a month-to-month basis. Comparable units in the area lease for $2,500 each, offering potential for rental adjustments or the opportunity to occupy the space yourself. Units are available for purchase individually at $250,000 each or combined for $500,000. The property was remodeled in 2012 and features ample parking. This location is prime, with its proximity to Cameron Station and just half a mile from the new Landmark development in Alexandria. Don’t miss out on this exceptional opportunity!

FOR SALE DETAILS

PRICE

$500,000 USD

PRICE/SF

$389 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Pickett Center

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

70,000 SF

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

70

LAND DETAILS

LAND ACRES

1.13 AC

LAND SF

49,223 SF

ZONING

CG

APN/PARCEL ID

058.02-0A-00,058.02-0A-0R01,058.02-0A-0R15,058.02-0A-0R22

ASK ABOUT THIS PROPERTY

Sebrin AdemRE/MAX AllegianceMore Info
703-225-8292

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Sebrin AdemRE/MAX AllegianceMore Info
703-225-8292

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