1525 King St 1,665 SF 17% Leased Retail Building Alexandria, VA 22314 $1,067,950 CAD ($641.41 CAD/SF) 6.48% Cap Rate

Rare opportunity to purchase a residential/commercial mixed use unit in Old Towne Alexandria. Use the main/upper level as a business and live in the basement. Use all 3 levels as residential may require certain things to be done with the city to obtain full residential use. Lease out upper level as residential or a commercial unit and lease out lower level as residential. Previous use upper two levels were office space, lower level was residential on a yearly lease. Current use upper 2 levels were used as Air BnB space and lower level used as another Air bnb space, 2 Air bnb units in one property. Income numbers can be provided if interested. So many use options for this space. Less than a block to King St metro, shops, stores, & close to the waterfront & parks. Everything you need is right here for you. Driveway in rear can fit two small cars or one large vehicle. Street parking available on first come first serve bases. VA & FHA loans may not be feasible for this property.