Property summary
This exceptional 10,148-square-foot executive office condo, located at 4232 King Street in Alexandria, Virginia, presents a compelling investment opportunity. Priced at $2,280,000 ($224.68/sq ft), this four-story building boasts seven units and offers significant potential for value enhancement. Built in 1983, the property features 18 parking spaces, a substantial advantage in this location. The interior includes 23 private offices, three bathrooms, a kitchenette, a server room, a conference room, and ample storage. A comprehensive sprinkler system and two staircases ensure safety and functionality. The full-height lower level, partially below grade, benefits from natural light and direct egress. Its end-unit position provides excellent visibility and signage opportunities on King Street. The property's OCM (100) zoning permits a variety of uses, including office, daycare, school, or medical office. Its prime location offers convenient access to I-395, providing a quick commute to major employment centers like Mark Center, Amazon HQ2, the Pentagon, and Washington, D.C. Proximity to two DASH bus lines, Bradlee Shopping Center, Skyline Plaza, Ronald Reagan Washington National Airport (15 minutes), Old Town Alexandria (15 minutes), and Washington, D.C. (20 minutes) further enhances its appeal. The 2,611 square foot lot and the existing office intensive buildout provide a solid foundation for immediate occupancy or strategic redevelopment.
Property profile
VerifiedCap rate & NOI
Current use
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Association / Organization
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Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
OCM(100) - OFFICE COMMERC · Alexandria, VAZoning
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Zoning designation
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The district profile from the municipal source: what is on file for OCM(100) - OFFICE COMMERC in Alexandria, VA.
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