6489 Little River Tpke Alexandria, VA 22312
- Office Properties & Spaces
- 1,350 SF
Current Use by Public Records
- Office Properties & Spaces
Property Details for 6489 Little River Tpke
- Year built
- 1984
- Property size
- 1,350 SF
- Zone code
- C-2(LIMITED OFFICE)
- Property type
- Office Properties & Spaces
- APN
- 072-1-24-6489-A
- APU
- 0721246489A
Description
This exceptional investment opportunity presents two adjacent, free-standing office buildings situated on Little River Turnpike in Alexandria, Virginia. The main building, located at 6489 Little River Turnpike, boasts 5,400 square feet of space, spread across two stories. It has undergone partial renovations and features prominent signage visible to the high volume of traffic on Little River Turnpike, estimated at approximately 33,000 vehicles daily. This ensures excellent visibility and potential for strong tenant attraction. The property is being offered for sale in conjunction with the adjacent building at 6491 Little River Turnpike, which adds an additional 1,832 square feet of space. The combined offering of both buildings presents a compelling opportunity for investors seeking a significant presence in a high-traffic commercial corridor. The combined purchase price for both properties is $1,850,000. The individual listing price for 6489 Little River Turnpike is $1,377,000. This package offers a unique chance to acquire a substantial office complex in a prime Alexandria location with significant potential for future growth and return on investment. The high daily traffic count on Little River Turnpike provides unparalleled exposure for any business occupying these buildings. The partial renovations in the main building provide a solid foundation for immediate occupancy or further improvements tailored to specific tenant needs.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,530,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,530,000
- 6.5%
- $1,675,000
- 7%
- $1,580,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,490,000
- Geo Method
- $1,355,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,390,000
- Retail
- $1,530,000
- Mixed-Use
- $1,365,000
- Hospitality
- $1,685,000
- Educational
- $1,550,000
- Residential Income
- $1,555,000
- Energy
- $1,290,000
- Income-Based Land
- $1,315,000
- Food Service
- $1,575,000
Location Insight
- Map
- Local Demand
- City
- Alexandria
- County
- Fairfax
- State
- Virginia
- Longitude
- -77.1565
- Latitude
- 38.8206
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
