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    115 Union St Alexandria, VA 22314

    For Lease
    Contact for pricing

    Prime Alexandria location, two restaurant spaces available.

    Lot size:
    5,263 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional opportunity presents two distinct restaurant spaces for lease at 115 South Union Street in the vibrant Alexandria submarket. The property offers a flexible layout with two available units, providing options for businesses of varying sizes and needs. One space encompasses 1,542 square feet on the ground floor, featuring an operable storefront for optimal street visibility and customer access. This unit is ideal for a restaurant seeking high foot traffic and immediate customer engagement. The second space, significantly larger at 3,721 square feet, is located on the second floor and boasts a substantial outdoor patio—a rare and highly desirable amenity for restaurants in this area. This expansive space provides ample room for a larger operation, potentially including a dining area, kitchen, and bar, all complemented by the inviting outdoor patio. Both spaces benefit from convenient on-site parking, a significant advantage for both staff and patrons. The property's new demising plan allows for customization and flexibility to suit the specific requirements of prospective tenants. This prime location in Alexandria offers excellent visibility and accessibility, making it an ideal setting for a thriving restaurant business. The combination of size options, outdoor space, and convenient parking makes this a truly unique and attractive opportunity.

    Property Features for 115 Union St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,263 SF

    Unit(s) available at that property

    Space
    Space 2 - 2nd Fl
    Size
    3,721 SF
    Space
    Space 1 Ground Fl
    Size
    1,542 SF

    HighLights

    • Restaurant space for lease in Alexandria.
    • Two available spaces totaling 1,542 sq. ft. and 3,721 sq. ft.
    • Ground floor space features 1,542 sq. ft. with operable storefront.
    • Second floor space offers 3,721 sq. ft. and a large outdoor patio.
    • On‑site parking available.
    Property Profile Insight Report 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
    -77.040563144059
    Latitude
    38.80388455156

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    FAQs

    What type of property is this?
    Retail property - Prime Alexandria location, two restaurant spaces available.
    Where is this retail property located?
    The property is located at 115 Union St Alexandria, VA.
    What are key features of this property?
    This property features: Restaurant space for lease in Alexandria.; Two available spaces totaling 1,542 sq. ft. and 3,721 sq. ft.; Ground floor space features 1,542 sq. ft. with operable storefront.
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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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