Brick Mixed-Use
New
For Sale
$2,100,000
319 - 321 S WASHINGTON STREET, Alexandria, VA 22314
Ground-floor retail is paired with office space and two leased apartments on the upper floors.
Property Size2,700 SF
Price / SF$777.78
Days on Market4
Property Features for 319 - 321 S WASHINGTON STREET
General Information
Standard status
Active
Size
2,700 SF
Total Parking Spaces
10
Property subtype
Commercial
Additional Details
Floor
2
Office Units
1
Building Details
Year Built
1820
Buildings
1
Stories
3
Construction
brick
Listing Agency:
Seaport Properties LLC
(703) 519-0951
Listed By:
Cheryl Monno · License #0225093855
(703) 304-3641
Source:
Cummingsrealtors
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 19 at 7:19AM
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 Seaport Properties LLC
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Investment Insights
Based on property information with market context.
This brick mixed-use building dates to 1820 and contains retail space at street level, an office, and two one-bedroom, one-bath apartments on the floors above. The retail and office spaces are vacant; both apartments are under lease.
Located on S Washington Street in Old Town Alexandria, the property includes an alley with eight parking spaces and two more spaces behind the building.
Located on S Washington Street in Old Town Alexandria, the property includes an alley with eight parking spaces and two more spaces behind the building.
Key Highlights
- Brick building constructed in 1820
- Ground‑floor retail space and an office on the second floor
- Two one‑bedroom, one‑bath apartments; both are under lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,320
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,806,400
$1.8M
Cap Rate 7%
$1,290,286
$1.3M
Cap Rate 9%
$1,003,556
$1.0M
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$135.1K $50.04/SF
− Vacancy
−$6.1K −$2.25/SF
EGI
$129.0K $47.79/SF
− OpEx
−$38.7K −$14.34/SF
NOI
$90.3K $33.45/SF
Area
Alexandria, VA
Vacancy
4.50%
Lease Rate
$50.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,806,400
Cap Rate 7%
$1,290,286
Cap Rate 9%
$1,003,556
Alternative Uses
Best Use
Retail
$1.29M
$1.13M – $1.51M
NOI $90,320 @ 7.0% cap · market cap 4.30%
Second Best
Mixed Use
$672.6K
$588.5K – $784.7K
NOI $47,081 @ 7.0% cap · market cap 2.24%
Theoretical Best
Specialty Retail
$1.50M
$1.31M – $1.75M
NOI $104,976 @ 7.0% cap · market cap 5.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
5,106
Businesses Nearby
129k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 32%
Dining 23%
Apparel 22%
Groceries 12%
Safeway
Groceries
13,499 visits/mo
0.2 miles
Exxon
Shops & Services
10,782 visits/mo
0.1 miles
Starbucks
Dining
10,203 visits/mo
0.5 miles
7-Eleven
Shops & Services
9,515 visits/mo
0.2 miles
lululemon athletica
Apparel
9,474 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
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor retail is paired with office space and two leased apartments on the upper floors.
Where is this mixed-use property located?
The property is located at 319 - 321 S WASHINGTON STREET Alexandria, VA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Brick building constructed in 1820; Ground‑floor retail space and an office on the second floor; Two one‑bedroom, one‑bath apartments; both are under lease
