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    305 Washington St Alexandria, VA 22314

    Sponsored
    For Lease
    $47 SF/Yr

    Established Italian eatery, prime location.

    Lot size:
    5,586 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a thriving Italian restaurant in the heart of Old Town Alexandria. Operating successfully for over 35 years, this single-tenant property boasts a total of 5,586 square feet across two levels. The main restaurant space, spanning 3,807 square feet, comfortably seats approximately 150 patrons across three distinct dining rooms, a lively bar area, and a dedicated private event space complete with its own bar. A fully equipped kitchen ensures seamless operation. The lower level provides valuable storage and office space, enhancing operational efficiency. Adding to its appeal, the property features expansive outdoor patios capable of seating an additional 50 guests, ideal for enjoying the vibrant Old Town atmosphere. Its strategic location offers unparalleled accessibility, situated just eight blocks from the King Street Metro and a mere four blocks from the picturesque Potomac waterfront. The current tenant's furniture, fixtures, equipment, and inventory are available for purchase at $200,000. The property operates under a lease agreement with a base rent of $15,000 per month, with the tenant responsible for insurance and maintenance. Real estate taxes are covered by the landlord. This turnkey operation presents a rare chance to acquire a well-established, profitable business in a highly desirable location.

    Property Features for 305 Washington St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,586 SF
    Total Rate
    22008.84

    Unit(s) available at that property

    Space
    Size
    3,807 SF
    Rate per SF
    $47

    HighLights

    • Retail property totaling 5,586 square feet.
    • Single‑tenant restaurant occupancy.
    • Established Italian restaurant, operating for over 35 years.
    • Approximately 150‑seat capacity, including three dining rooms, bar, and private event space.
    • Fully equipped kitchen, lower‑level storage and office space, and outdoor patios seating approximately 50.
    • Prime Old Town Alexandria location, near King Street Metro and the Potomac waterfront.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Deli at La Trattoria Italian Restaurant Trattoria da Franco Northern Italian Restaurant The Buca Room Bar

    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
    -77.0477887
    Latitude
    38.8024802

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    FAQs

    What type of property is this?
    Retail property - Established Italian eatery, prime location.
    Where is this retail property located?
    The property is located at 305 Washington St Alexandria, VA.
    What is the lease rate?
    The lease rate is $47 SF/Yr.
    What are key features of this property?
    This property features: Retail property totaling 5,586 square feet.; Single-tenant restaurant occupancy.; Established Italian restaurant, operating for over 35 years.
    Request Owner's contact information
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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
    305 Washington St Alexandria, VA 22314
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