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1021 Prince St 27 622 pi² 100% Loué Bureau Immeuble Alexandria, VA 22314 À vendre
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FAITS SAILLANTS DE L'INVESTISSEMENT
- This Property is in superior condition and has had a significant amount of capital improvements in recent years with major projects completed.
- Located within close proximity to major employment centers in Alexandria and Northern Virginia in addition to being right across the Potomac River.
- 1021 Prince Street is in a prime location just 1 block south of King Street.
RÉSUMÉ DE L'ANNONCE
Transwestern, as exclusive agent, is pleased to offer a rare opportunity to acquire 1021 Prince Street (the “Property”), an extremely well-located building with flexible zoning that consists of a total of approximately 27,622 SF located in Old Town Alexandria, Virginia. This asset offers significant value for investors focused on office-to-residential conversions, commercial investment groups, as well as end users that would look to acquire the building for their own business operations.
Constructed in 1983, 1021 Prince Street is a 3-story building totaling about 27,622 SF. While the property is located within the Old and Historic Alexandria District, it is not subject to the City of Alexandria Board of Architectural Review (BAR) for exterior renovations. The building includes several unique features including a below grade structured parking garage with 24 spaces, storage, and elevator service with frontage on both South Henry Street and Prince Street. The property is currently leased to Virginia Tech but will convey as vacant at the time of sale.
This Property is well positioned for a potential residential conversion to for sale condominiums or rental apartments which is permitted under the current Zoning Classification. The physical layout of the building, on-site parking, premier location, combined with the strength of the condominium sales market in Old Town Alexandria with recent condominium sales comps exceeding $900 per SF, offers a unique exit opportunity with significant return on investment. There is also an opportunity to convert the building to rental apartments which would command rents in the $4.00+ per SF range.
Constructed in 1983, 1021 Prince Street is a 3-story building totaling about 27,622 SF. While the property is located within the Old and Historic Alexandria District, it is not subject to the City of Alexandria Board of Architectural Review (BAR) for exterior renovations. The building includes several unique features including a below grade structured parking garage with 24 spaces, storage, and elevator service with frontage on both South Henry Street and Prince Street. The property is currently leased to Virginia Tech but will convey as vacant at the time of sale.
This Property is well positioned for a potential residential conversion to for sale condominiums or rental apartments which is permitted under the current Zoning Classification. The physical layout of the building, on-site parking, premier location, combined with the strength of the condominium sales market in Old Town Alexandria with recent condominium sales comps exceeding $900 per SF, offers a unique exit opportunity with significant return on investment. There is also an opportunity to convert the building to rental apartments which would command rents in the $4.00+ per SF range.
FAITS SUR LA PROPRIÉTÉ
Type de vente
Investissement
Condition de vente
Projet de redéveloppement
Type de propriété
Bureau
Taille du bâtiment
27 622 pi²
Classe d’immeuble
B
Année de construction
1983
Pourcentage loué
100%
Location
Multiples
Hauteur du bâtiment
3 étages
Superficie de plancher typique
9 207 pi²
Dalle à dalle
10’
Coefficient d’occupation des sols de l’immeuble
2,89
Taille du lot
0,22 AC
Zonage
CD, Alexandria
Stationnement
24 places (0,87 places par 1 000 pi² loué)
1 1
Walk Score®
Un paradis pour un marcheur (99)
Transit Score®
Excellent transport en commun (74)
Bike Score®
Très cyclable (81)
Impôts fonciers
| Numéro de lot | 074.01-05-17 | Évaluation des bâtiments | 6 628 199 $ CAD |
| Évaluation du terrain | 2 533 883 $ CAD | Évaluation totale | 9 162 082 $ CAD |
Impôts fonciers
Numéro de lot
074.01-05-17
Évaluation du terrain
2 533 883 $ CAD
Évaluation des bâtiments
6 628 199 $ CAD
Évaluation totale
9 162 082 $ CAD
CONTACTS
-
Michael D'Amelio -
Robin Williams -
Dean Sigmon -
Collin Brown -
Transwestern Real Estate Services
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1021 Prince St
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