Property profile

6499 Little Riv Tpke Alexandria, VA 22312

OFF-MARKET
Turn key restaurants
Property ID
US87-0816970
1,803 SF 0.26 ac lot Built 1941
Entity Owned 4-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 2,801 square foot retail building, situated on a prominent corner lot at 6499 Little River Turnpike in the Alexandria/Annandale submarket of Fairfax County, presents a unique leasing opportunity. Currently undergoing a complete renovation slated for completion in early 2024, this property boasts a prime location with excellent visibility and accessibility. The building features a dedicated turn lane for westbound traffic on Little River Turnpike (Route 236), ensuring high traffic volume and prominent signage opportunities. The expansive 11,326 square foot lot provides ample space, and the C-5 zoning allows for a variety of uses, including restaurants – a use for which the building is already designed. All utilities are in place, simplifying the tenant's setup process. The entire building is currently vacant, offering a blank canvas for a new tenant to create their ideal space. This is a rare chance to secure a fully renovated, high-visibility retail space in a thriving location. The property's design is already restaurant-ready, minimizing build-out costs and accelerating the opening timeline. Don't miss this opportunity to establish your business in a highly desirable area with exceptional visibility and convenient access.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1941
Construction FRAME
Total area 1,803 SF
Lot 0.26 ac (11,248 SF)
Zoning code C-5(NEIGHBORHOOD RETAIL)
APN 072-1-10-0011
UPID US87-0816970

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Association Or Organization Restaurant

Location

6499 Little Riv Tpke Alexandria, VA 22312-1415
Alexandria metro Census 452501 WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.12M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.36M
Blend (final) Blend
$1.12M

Owner & transaction history

since 2021
Last sale
$860,000
4 recorded transactions
2021
Price N/A
2021
$860,000
2020
$715,000
2018
Price N/A

Zoning & alternative use

C-5(NEIGHBORHOOD RETAIL) · Alexandria, VA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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