Shopping Center with Banquet
For Sale
Contact for pricing
7846-7868 Richmond Highway, Alexandria, VA 22306
One-story commercial center with established food, retail, salon, and event-oriented tenancy.
Property Size25,496 SF
Price / SF$215.72
Days on Market60
Property Features for 7846-7868 Richmond Highway
General Information
Standard status
Active
Size
25,496 SF
Total Parking Spaces
192
Property subtype
Retail
Zoning
C-8 Highway Commercial
Net Operating Income
$487,281
Building Details
Year Built
1973
Stories
1
Tenancy
Multi
Listing Agency:
AMR Commercial LLC
(301) 961-9696
Listed By:
William Montrose · License #MD 21001
Source:
Crexi
Added: Jul 2
Changed: Aug 30
Last Checked: Aug 30 at 5:13AM
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 AMR Commercial LLC
Investment Insights
Based on property information with market context.
This one-story shopping center contains 25,496 square feet and sits on almost three acres. The tenant mix includes a street-facing Subway, small food businesses, retail occupants, a hair salon, and Sunset Banquet Hall, which opened in mid-2024 and occupies 34% of the center. The property was built in 1973 and is zoned C-8 Highway Commercial.
On-site parking accommodates close to 200 vehicles. The center is positioned along Richmond Highway in Alexandria, Virginia, next to Walmart and within a half mile of Costco, Home Depot, Ross, TJ Maxx, PetSmart, Staples, and Five Below. North Hill Development, including 216 apartments, 63 senior apartments, and 175 townhomes, is located north of the property. Access to I-95 and the Capital Beltway connects the site with Northern Virginia, Prince George’s County, downtown Washington, DC, and Reagan National Airport.
On-site parking accommodates close to 200 vehicles. The center is positioned along Richmond Highway in Alexandria, Virginia, next to Walmart and within a half mile of Costco, Home Depot, Ross, TJ Maxx, PetSmart, Staples, and Five Below. North Hill Development, including 216 apartments, 63 senior apartments, and 175 townhomes, is located north of the property. Access to I-95 and the Capital Beltway connects the site with Northern Virginia, Prince George’s County, downtown Washington, DC, and Reagan National Airport.
Key Highlights
- 25,496‑square‑foot one‑story shopping center on almost 3 acres
- Sunset Banquet Hall opened mid‑2024 and occupies 34% of the center
- Close to 200 on‑site parking spaces
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,480
Businesses Nearby
534k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 43%
Shops & Services 22%
Dining 13%
Apparel 12%
Walmart
Superstores
114,529 visits/mo
0.2 miles
Costco Wholesale
Superstores
114,144 visits/mo
0.3 miles
Costco Gasoline
Shops & Services
50,662 visits/mo
0.3 miles
The Home Depot
Home Improvements & Furnishings
36,046 visits/mo
0.4 miles
T.J. Maxx
Apparel
35,812 visits/mo
0.4 miles
Demographics for 22306, VA
33,330
Population
11,514
Households
2.9
Avg Household Size
35
Median Age
40%
College-Educated
85%
High-School Grad
6.8 sq mi
ZIP Area
4,901
Density / Sq Mi
$95,026
Median Household Income
$45,193
Median Earnings
$1,750
Median Rent
$583,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Similar Off Market Nearby
- Quick-Tag — Walmart Supercenter, 7910 Richmond Hwy, Alexandria, VA 22306
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- Fordson Place — 7707 Richmond Hwy, Alexandria, VA 22306
- 7770 Richmond Highway — 7770 Richmond Hwy, Alexandria, VA 22306
Frequently Asked Questions
What type of property is this?
Shopping center - One-story commercial center with established food, retail, salon, and event-oriented tenancy.
Where is this shopping center located?
The property is located at 7846-7868 Richmond Highway Alexandria, VA.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: 25,496‑square‑foot one‑story shopping center on almost 3 acres; Sunset Banquet Hall opened mid‑2024 and occupies 34% of the center; Close to 200 on‑site parking spaces
