221 Alfred St Alexandria, VA 22314-3647
This exceptional Old Town Alexandria commercial property, located at 221 South Alfred Street, presents a unique investment opportunity. The 6,000-6,900 square foot building, constructed in 1940 and renovated in 1982, sits on a 0.07-acre lot (APN 11421500) and is zoned CL. Currently configured as a multi-tenant executive office space with 19 offices, two conference rooms, a reception area, and four bathrooms, it offers significant versatility. The property features on-site private parking, a significant advantage in this desirable location. Its prime location in Old Town Alexandria provides easy access to major highways, public transportation, and Washington, D.C. The asking price is $2,295,000 ($343.97/sq ft), and seller financing is available. This fee-simple ownership opportunity is ideal for a variety of businesses or potential conversion to residential units. The building is comprised of three structures. Lease commencement is February 5th, 2024. Don't miss this chance to own a piece of Old Town Alexandria's rich history and vibrant future.
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Mitchell Law Group Corporate Office
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Peduzzi Associates, Ltd. Business Management Consultant Business Development Service
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Flagship Government Relations Consultant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
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
CL - COMMERCIAL LOW ZONE · 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.