629 King St - Storefront FOR SALE


Alexandria, VA 22314- Old Town
$3,500,000 USD
703-787-4732
629 King St, Alexandria, VA for Sale
$3,500,000 USD
Storefront - FOR SALE
1/7
null | 5.02% Cap Rate

629 King St
Alexandria, VA 22314
Old Town


OVERVIEW

- New Corporate signed 10 year lease - 3% annual rent increases - At the corner of Main & Main in Old Town’s densely traveled shopping and retail core (King Street & Washington Street) - Highly adaptable retail property with direct exposure to constant and dense pedestrian activity - Minutes from Reagan National Airport and Interstate 495 (over 236,700 ADT) - Fully Depreciable building and land ownership Investment - More than 468,000 residents and 206,800 employees support the trade area - Affluent $197,800 average household income within 1 mile

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$1,089 USD /SF

CAP RATE

5.02%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

State & Liberty Clothing - Alexandria, VA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

KR

APN/PARCEL ID

074.02-03-04

ASK ABOUT THIS PROPERTY

Rick FernandezSRS Real Estate PartnersMore Info
703-787-4732

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Rick FernandezSRS Real Estate PartnersMore Info
703-787-4732

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