Two-Level Italian
New
For Sale
Contact for pricing
305 S WASHINGTON STREET, Alexandria, VA 22314
Dining rooms, bar service, event space, and an equipped kitchen support a multi-part restaurant operation.
Property Size3,807 SF
Price / SF$3.41
Days on Market4
Property Features for 305 S WASHINGTON STREET
General Information
Standard status
Active
Size
3,807 SF
Property subtype
Commercial
Restaurant
Patio
Yes
Equipment Included
Yes
Additional Details
Furnished
Yes
Amenities
private event space
private bar
Building Details
Year Built
1900
Listing Agency:
Arlington Realty, Inc.
(703) 836-6000
Listed By:
Virginia S Smith · License #BR101238
(703) 836-1116
Source:
Cummingsrealtors
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 21 at 2:31AM
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 Arlington Realty, Inc.
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Investment Insights
Based on property information with market context.
This Italian restaurant occupies two levels, with approximately 3,807 SF of dining and service space. Its layout includes three dining rooms, a bar, and private event space with a separate bar. The kitchen is fully equipped, and outdoor patios provide seating for approximately 50 guests. The lower level adds 1,779 SF designated for storage and office use. Indoor seating accommodates approximately 150 guests.
The property is in Old Town Alexandria, eight blocks from King St. Metro and one-half mile from the Potomac waterfront.
The property is in Old Town Alexandria, eight blocks from King St. Metro and one-half mile from the Potomac waterfront.
Key Highlights
- Two restaurant levels with approximately 3,807 SF of space
- Three dining rooms, a main bar, and private event space with its own bar
- Fully equipped kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$148,016
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,960,320
$3.0M
Cap Rate 7%
$2,114,514
$2.1M
Cap Rate 9%
$1,644,622
$1.6M
Market Conditions
NOI Build-Up for 3,807 SF
Gross rent
$205.6K $54.00/SF
− Vacancy
−$8.2K −$2.16/SF
EGI
$197.4K $51.84/SF
− OpEx
−$49.3K −$12.96/SF
NOI
$148.0K $38.88/SF
Area
Alexandria, VA
Vacancy
4.00%
Lease Rate
$54.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,960,320
Cap Rate 7%
$2,114,514
Cap Rate 9%
$1,644,622
Alternative Uses
Best Use
Specialty Retail
$2.11M
$1.85M – $2.47M
NOI $148,016 @ 7.0% cap · market cap 1,138.58%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,885
Businesses Nearby
153k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 29%
Dining 28%
Groceries 18%
Apparel 17%
Harris Teeter
Groceries
22,693 visits/mo
0.3 miles
Chart House
Dining
13,582 visits/mo
0.4 miles
Starbucks
Dining
10,203 visits/mo
0.4 miles
lululemon athletica
Apparel
9,474 visits/mo
0.3 miles
Exxon
Shops & Services
8,223 visits/mo
0.3 miles
Demographics for 22314, VA
35,784
Population
21,154
Households
1.7
Avg Household Size
39
Median Age
79%
College-Educated
97%
High-School Grad
3.7 sq mi
ZIP Area
9,671
Density / Sq Mi
$144,359
Median Household Income
$98,121
Median Earnings
$2,312
Median Rent
$856,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Similar Off Market Nearby
- Namaste JALSA Bar &Restaurant — 1504 King St, Alexandria, VA 22314
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Dining rooms, bar service, event space, and an equipped kitchen support a multi-part restaurant operation.
Where is this conventional restaurant located?
The property is located at 305 S WASHINGTON STREET Alexandria, VA.
What are key features of this property?
This property features: Two restaurant levels with approximately 3,807 SF of space; Three dining rooms, a main bar, and private event space with its own bar; Fully equipped kitchen
