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    117 Fairfax St Alexandria, VA 22314

    Sponsored
    For Lease
    $26 SF/Yr

    Prime Old Town retail space available.

    Lot size:
    10,750 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Old Town Alexandria retail property at 117 N Fairfax Street offers a unique opportunity. The building, totaling 10,750 square feet, is a three-story structure with multiple tenancies, currently featuring 5,900 square feet of vacant space. A minimum of 3,500 square feet is divisible, with a maximum contiguous space of 3,500 square feet also available. The property boasts fifteen on-site parking spaces and an elevator for convenient access to all three floors. Its location in the desirable Old Town submarket provides excellent visibility and foot traffic. The space features high ceilings and a large open floor plan, ideal for a variety of retail uses. Zoned CD in the City of Alexandria, this property offers significant signage opportunities, including shingle signage for lower-level spaces and prominent signage for Suite 201, which is conveniently located on Market Square. This prime retail location presents a compelling investment opportunity in a thriving Old Town Alexandria market. The property's central location and ample parking make it an attractive option for businesses seeking high visibility and convenient access for customers and employees. The flexible space allows for customization to suit various retail needs.

    Property Features for 117 Fairfax St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    10,750 SF
    Total Rate
    23291.67

    Building Details

    Stories
    3

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    3,500 SF
    Rate per SF
    $26

    HighLights

    • Retail space totaling 10,750 square feet in Old Town Alexandria.
    • One 3,500 square foot space available for lease.
    • Building features 15 parking spaces and an elevator.
    • Property is zoned CD in the City of Alexandria.
    • Prominent signage opportunities available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Wayfarer RV Rental Recreational Vehicle Rental Agency

    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
    -77.0421021
    Latitude
    38.8051002

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    FAQs

    What type of property is this?
    Individual retail property - Prime Old Town retail space available.
    Where is this individual retail property located?
    The property is located at 117 Fairfax St Alexandria, VA.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: Retail space totaling 10,750 square feet in Old Town Alexandria.; One 3,500 square foot space available for lease.; Building features 15 parking spaces and an elevator.
    Request Owner's contact information
    117 Fairfax 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
    117 Fairfax St Alexandria, VA 22314
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