1505 King St Alexandria, VA 22314
- Commercial real estate
- 1,656 SF
- 0.05 lot acres
Current Use by Public Records
- madeline ivanchenko / Mental Health Service
- Michael R Dudis, PhD, LLC / Psychologist
- Alexandria Psychotherapy and Consultation Center / Psychologist
- Robert Simmons, Ph.D. Clinical Psychologist / Psychologist / Marriage Or Relationship Counselor
- Turning Point Counseling Services / Mental Health Service / Marriage Or Relationship Counselor
Property Details for 1505 King St
- Year built
- 1910
- Lot size
- 0.05 lot acres
- Property size
- 1,656 SF
- Zone code
- KR
- Property type
- Commercial real estate
- APN
- 10328000
- APU
- 10328000
Description
This exceptional mixed-use property at 1505 King Street in Alexandria, Virginia presents a unique investment opportunity. Built in 1925 and renovated in 1980, this 2,100 square foot building sits on a 0.05-acre lot in the desirable KR zoning district. The property boasts excellent visibility and accessibility, located just two blocks from the Metro. The interior features a well-designed layout, including five offices, a waiting room, a kitchenette, and powder rooms on both the main and upper levels. The approximately 1,656 square feet above grade is complemented by 500 square feet of basement storage. Architectural details include exposed brick and substantial wood trim. The property includes 4-5 private parking spaces in the rear, adding significant convenience. Modern amenities such as central air conditioning, forced air heating, and natural gas hot water are also included. With a maximum Floor Area Ratio (FAR) of 1.25, the property allows for up to 2,722.5 square feet of building area, offering potential for expansion or redevelopment. Its prime location in Old Town Alexandria, combined with its versatile space and historic charm, makes this a truly remarkable commercial property suitable for a variety of uses, including law firms, boutique retail, or conversion into a cafГ© or luxury services business. This turnkey property is ready for immediate occupancy.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,365,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,055,000
- 6.5%
- $1,170,000
- 7%
- $1,030,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $945,000
- Geo Method
- $990,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $975,000
- Retail
- $980,000
- Mixed-Use
- $860,000
- Hospitality
- $965,000
- Educational
- $1,085,000
- Residential Income
- $915,000
- Energy
- $925,000
- Income-Based Land
- $1,090,000
- Food Service
- $1,125,000
Location Insight
- Map
- Local Demand
- City
- Alexandria
- County
- Alexandria City
- State
- Virginia
- Longitude
- -77.0559
- Latitude
- 38.8065
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
