Conventional Restaurant
300 N Patrick Street Alexandria, VA 22314
300 N Patrick Street, Alexandria, VA, 22314
$1,395,000
For Sale
$1,395,000
For-sale conventional restaurant building on N Patrick Street, suited for an operator seeking a dedicated food service use.
Property Size3,226 SF
Price / SF$432.42
Days on Market312
Property Features for 300 N Patrick Street
General Information
- Standard status
- Active
- Size
- 3,226 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1940
Listing Agency
Tartan Properties, Inc.
(703) 836-6555
Listed by
Michael Porterfield · License #0225044112
(703) 836-6555
Source
Xome
Added: Sep 9, 2025 Checked: Jul 16 at 5:55 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Tartan Properties, Inc.
Investment Insights
Based on property information with market context.
This property is a conventional restaurant building offered for sale. It is presented as a restaurant-oriented commercial asset, suitable for an operator looking for a dedicated food service property.
The site is located at 300 N Patrick Street in Alexandria, Virginia. Its address provides straightforward access for deliveries and customer traffic using nearby street connections associated with Patrick Street.
For buyers and restaurant operators, the property’s configuration as a conventional restaurant supports continuity for food service use. It may also appeal to investors or owner-operators evaluating a restaurant-focused acquisition within Alexandria. Please note that additional details on interior layout, kitchen equipment, seating, and other improvements are not included in the information provided.
The site is located at 300 N Patrick Street in Alexandria, Virginia. Its address provides straightforward access for deliveries and customer traffic using nearby street connections associated with Patrick Street.
For buyers and restaurant operators, the property’s configuration as a conventional restaurant supports continuity for food service use. It may also appeal to investors or owner-operators evaluating a restaurant-focused acquisition within Alexandria. Please note that additional details on interior layout, kitchen equipment, seating, and other improvements are not included in the information provided.
Key Highlights
- Conventional restaurant building on N Patrick Street
- Dedicated food service use
- Year built: 1940
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $174.2k | $54.00 |
| − Vacancy | −$7.0k | −$2.16 |
| EGI | $167.2k | $51.84 |
| − OpEx | −$41.8k | −$12.96 |
| NOI | $125.4k | $38.88 |
3,226 SF · lease $54.00/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.79M
$1.57M – $2.09M
NOI $125,427 @ 7.0% cap · market cap 8.99%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Katie Cosmetic Tattoo
Medical Clinic
Citrus Club Cosmetics
Medical Clinic
Little Ferns Cosmetics ...
Spa & Massage Center
Flora Ink LLC
Medical Clinic
Yeksenia Santos Cosmetic ...
Hair Salon
Similar For Sale Nearby
Similar Off Market Nearby
- Namaste JALSA Bar &Restaurant — 1504 King St, Alexandria, VA 22314
FAQs
What type of property is this?
Conventional restaurant - For-sale conventional restaurant building on N Patrick Street, suited for an operator seeking a dedicated food service use.
Where is this conventional restaurant located?
The property is located at 300 N Patrick Street Alexandria, VA.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: Conventional restaurant building on N Patrick Street; Dedicated food service use; Year built: 1940
