117 Fairfax St Alexandria, VA 22314-2671
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CD - COMMERCIAL DOWNTOWN · Alexandria, VAAlexandria. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.