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728 S Washington St 9,800 SF 43% Leased Office Building Alexandria, VA 22314 For Sale
Investment Highlights
- Excellent proximity to Washington, D.C., Amazon HQ2, and National Landing Stable retail income from national tenant.
- Flexible zoning (CL) supporting diverse uses.
- Premier submarket with strong demographic and traffic characteristics.
- On-site parking lot (16 spaces) with controlled lighting.
Executive Summary
Built in 1961, 728 S Washington Street offers a rare opportunity to acquire a prominent mixed-use asset in the heart of Old Town Alexandria. Positioned along one of Old Town’s most traveled corridors, the property benefits from exceptional visibility, walkability, and proximity to major lifestyle amenities. The +- 8,800SF building includes stable first-floor retail tenancy, two floors of vacant office/creative space which could be converted to residential. The property is positioned within the Commercial-Low (CL) zoning district, support a wide range of retail, office, medical, and residential uses. An owner-user will benefit from the second and third floor layout, which consists of three separately demised spaces that may also be leased to additional tenants. The owner-user can occupy one, two or all three areas. The individual spaces measure approximately +-3,800, +-1575 and +-225.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
9,800 SF
Building Class
C
Year Built
1961
Percent Leased
43%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,900 SF
Building FAR
1.07
Lot Size
0.21 AC
Zoning
CL, City of Alexandria - Commercial-Low
Parking
16 Spaces (1.63 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Central Heating
- High Ceilings
- Recessed Lighting
- Hardwood Floors
- Air Conditioning
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Moderately walkable
60/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 080.04-03-18 | Improvements Assessment | $1,731,681 CAD |
| Land Assessment | $3,550,864 CAD | Total Assessment | $5,282,545 CAD |
Property Taxes
Parcel Number
080.04-03-18
Land Assessment
$3,550,864 CAD
Improvements Assessment
$1,731,681 CAD
Total Assessment
$5,282,545 CAD
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728 S Washington St
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