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    423 N Lee St Alexandria, VA 22314

    For Lease
    $4,582 /Mo ($63 SF/Yr)

    CommercialLease - ALEXANDRIA, VA

    Type:Office
    Lot size:
    0.02 Acres
    Days on Market:
    118
    Last Refresh:
    Dec 13 at 5:06 pm

    Property Features for 423 N Lee St

    General Information

    Property type
    Other
    Property subtype
    Office
    Standard status
    Active
    Parking
    2
    Parking features
    Parking Lot
    Lot size
    0.02 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1980
    Building materials
    Brick

    CASEY MARGENAU FINE HOMES AND ESTATES INC (703) 827-5777 [email protected]

    Listing agent Kyle Leigh Weitzman (703) 635-5680 License #0225241907

    Listing date Aug 18, 2025

    Copyright © 2025 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Old Town Alexandria Office

    Located in Old Town Alexandria, 423 N. Lee St. and 425 N. Lee St. offer a commercial leasing opportunity suitable for law offices, medical practices, municipal organizations, and other professional businesses. Each unit includes four dedicated office spaces, a conference room, and access to a private parking lot with assigned spaces. Ample street parking and nearby public garages are available. The corner unit at 425 N. Lee St. is adjacent to 423 N. Lee St., and both can be leased separately or together. The wall between the units has been opened to create a larger, connected workspace, but it can be enclosed to restore two independent offices. Both spaces offer natural light and an efficient layout. The location provides access to restaurants, shops, and waterfront attractions, and proximity to major commuter routes and public transportation hubs, including the King Street Metro and the George Washington Parkway. The lot size is 0.02 acres. The properties are located steps from King Street and the vibrant Downtown Old Town district.
    Property Profile Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Alexandria
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.04024
    Latitude
    38.80852

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    FAQs

    What type of property is this?
    Office space - Professional office space in a sought-after Alexandria business district.
    Where is this office space located?
    The property is located at 423 N Lee St Alexandria, VA.
    What is the lease rate?
    The lease rate is $63 SF/Yr.
    What are key features of this property?
    This property features: - Prime location in the heart of Old Town Alexandria, steps from King Street, restaurants, shops, and waterfront attractions.; - Flexible leasing options: Units can be leased separately or combined to create a larger workspace.; - Dedicated parking lot with assigned spaces, plus ample street parking and nearby public garages.
    (703) 635-5680
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    423 N Lee St Alexandria, VA 22314
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