305 S Washington St Alexandria, VA 22314
Property profile & analytics
305 S Washington St, Alexandria, VA 22314
- Turn key restaurants
- 3,807 SF
- 0.08 lot acres
Property ID
US87-0965165
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- The Deli at La Trattoria / Restaurant
- Trattoria da Franco / Restaurant
- The Buca Room / Bar & Pub
Property Details for 305 S Washington St
- Lot size
- 0.08 lot acres
- Zone code
- CD - COMMERCIAL DOWNTOWN
- Property type
- Turn key restaurants
- APN
- 50597350
- APU
- 50597350
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Alexandria
- County
- Alexandria City
- State
- Virginia
- Longitude
- -77.0478
- Latitude
- 38.8025
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$17,069
$938,464
$565,409
$1,503,873
-
$938,464
$565,409
$1,503,873
