50 Pickett St Alexandria, VA 22304
- Office Properties & Spaces
Current Use by Public Records
- EthioFlowers / Wholesale Florist
- Metropolitan Headache and Spine Center / Massage Therapist / Physical Therapist
- Cafe Aurora / Eritrean Restaurant / Cafe
- Jayne E. Delaney, DDS and Rory N. Smith, DDS / Pediatric Dentist
- The Alvarez Law Firm / Attorney
Property Details for 50 Pickett St
- Year built
- 1988
- Property type
- Office Properties & Spaces
Description
Two prime commercial condo units are available for sale at 50 S Pickett Street, Unit 223, Alexandria, VA. Each unit offers exceptional visibility within a bustling strip mall and boasts a low monthly condo fee of just $245. While individually priced at $275,000, both units (223 and the adjacent 225) can be purchased together for $550,000, totaling 1,286 square feet. Currently generating a combined monthly rental income of $3,200 on month-to-month leases, the property presents a strong investment opportunity. Comparable units in the area command $2,500 in monthly rent, suggesting potential for increased rental income. The units, remodeled in 2012, are situated in a densely populated area with convenient access to Washington, D.C., Old Town Alexandria, Arlington, Springfield, and Maryland. Ample parking is available on-site. This exceptional location is further enhanced by its proximity to Cameron Station and its half-mile distance from Alexandria's new Landmark development. The property's high visibility and strong rental income make it an ideal investment for both seasoned investors and owner-occupiers seeking a strategic location in a thriving market. This is a rare opportunity to acquire a well-maintained, income-producing property in a highly desirable area.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Alexandria
- County
- Alexandria City
- State
- Virginia
- Longitude
- -77.12119
- Latitude
- 38.81105
