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    115 Union St Alexandria, VA 22314

    Sponsored
    For Lease
    $39 SF/Yr

    Modern Suites, Flexible Sizes, VA Location

    Lot size:
    3,721 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional executive office property at 115 South Union Street in Alexandria, Virginia, offers a unique opportunity for businesses seeking flexible and modern workspace. Located in the desirable 22314 zip code, the building underwent a complete renovation in 2019, ensuring contemporary amenities and a high-quality environment. The property is classified as both office and restaurant space, allowing for diverse tenancy options. Multiple tenancies are available, with a minimum divisible space of 1,322 square feet and a maximum contiguous space of 23,562 square feet, catering to businesses of various sizes. This allows for scalability and customization to meet specific needs. The building provides ample parking, with a ratio of 3 parking spaces per 1,000 square feet. The precise total building square footage is currently unavailable. This prime location in Alexandria, VA offers easy access to major transportation routes, making it an ideal location for commuting employees and clients. The property's modern design and flexible space options make it an attractive choice for businesses seeking a prestigious and functional workspace in a vibrant urban setting. Inquire today to learn more about available spaces and lease terms.

    Property Features for 115 Union St

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,721 SF

    Building Details

    Year Renovated
    2019

    Unit(s) available at that property

    Space
    Main Level
    Size
    3,721 SF
    Rate per SF
    $39

    HighLights

    • New Ownership.
    • Fully renovated in Q1 2019.
    • Blends Old Town charm with contemporary design.
    • Prime Old Town Alexandria location, one block from King Street and the Potomac River.
    • On‑site restaurant planned.
    • Walking distance to numerous amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Allstate Insurance: Muhsen ... Insurance Agency Oxford Finance LLC Financial Institution Newco Management Business Management Consultant Pitango Gelato & Coffee, ... Bakery Museum Framing Picture Frame Shop

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Alexandria
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.0406597
    Latitude
    38.803709

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    FAQs

    What type of property is this?
    Restaurant - Modern Suites, Flexible Sizes, VA Location
    Where is this restaurant located?
    The property is located at 115 Union St Alexandria, VA.
    What is the lease rate?
    The lease rate is $39 SF/Yr.
    What are key features of this property?
    This property features: New Ownership.; Fully renovated in Q1 2019.; Blends Old Town charm with contemporary design.
    Request Owner's contact information
    115 Union St Alexandria, VA 22314
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    Alexandria, VA 22314
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    115 Union St Alexandria, VA 22314
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