Highly Visible Retail and Office
623 S Washington Street Alexandria, VA 22314
623 S Washington Street, Alexandria, VA, 22314
$650,000
For Sale
$650,000
Street-level commercial space on S Washington Street with strong pedestrian and vehicle traffic in Old Town Alexandria.
Property Size875 SF
Price / SF$742.86
Days on Market219
Property Features for 623 S Washington Street
General Information
- Standard status
- Active
- Size
- 875 SF
- Property subtype
- Office
Building Details
- Year Built
- 1979
Listing agency
(703) 209-2424
Listed by
Samson Properties
(703) 209-2424
Source
Xome
Added: Dec 15, 2025 Updated: Jul 22 at 11:36AM Checked: Jul 22 at 11:36AM
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 Samson Properties
Investment Insights
Based on property information with market context.
This for-sale commercial space at 623 S Washington Street offers a mix of office and retail use in a highly visible setting. The property is positioned for businesses seeking a street-front presence, with the buyer to verify permitted uses.
Public remarks highlight strong pedestrian and vehicle traffic and a convenient Old Town Alexandria location near the waterfront, parks, and the King Street corridor. The area is described as surrounded by local businesses, restaurants, and residential density, supporting day-to-day commercial activity.
The listing includes a total property size of 875 square feet and is offered at $650,000.
Public remarks highlight strong pedestrian and vehicle traffic and a convenient Old Town Alexandria location near the waterfront, parks, and the King Street corridor. The area is described as surrounded by local businesses, restaurants, and residential density, supporting day-to-day commercial activity.
The listing includes a total property size of 875 square feet and is offered at $650,000.
Key Highlights
- Street‑level commercial space on S Washington Street in Old Town Alexandria
- Highly visible setting with strong pedestrian and vehicle traffic
- Year built: 1979
Local Financial Insights For 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 | $43.8k | $50.04 |
| − Vacancy | −$2.0k | −$2.25 |
| EGI | $41.8k | $47.79 |
| − OpEx | −$12.5k | −$14.34 |
| NOI | $29.3k | $33.45 |
875 SF · lease $50.04/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$418.1K
$365.9K – $487.8K
NOI $29,270 @ 7.0% cap · market cap 4.50%
Second Best
Office B
$167.4K
$146.5K – $195.3K
NOI $11,716 @ 7.0% cap · market cap 1.80%
Theoretical Best
Specialty Retail
$486.0K
$425.3K – $567.0K
NOI $34,020 @ 7.0% cap · market cap 5.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Street-level commercial space on S Washington Street with strong pedestrian and vehicle traffic in Old Town Alexandria.
Where is this office units located?
The property is located at 623 S Washington Street Alexandria, VA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Street‑level commercial space on S Washington Street in Old Town Alexandria; Highly visible setting with strong pedestrian and vehicle traffic; Year built: 1979
