109 S Fairfax St, Alexandria, VA 22314

$1,850,000

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List Price: $1,850,000
Price Change: ▼ $250,000 1778607630
Status: ACTIVE UNDER CONTRACT
MLS#: VAAX2049316
Lot Size (Acres): 0.05
Year Built: 1770
County: Alexandria City
School District: Alexandria City Public Schools

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Property Description

Introducing an exceptional investment opportunity at 109-111 South Fairfax Street, Alexandria, VA. This historic 4,560 SF building, dating back to 1770, offers a prime location in the heart of Northern Virginia's Commercial Downtown district. The property boasts 100% occupancy with multiple tenants, presenting an ideal income-producing asset. With room for rent growth and management efficiencies, as well as the potential for operating expense sharing through new leasing agreements, this property offers a solid foundation for a savvy investor. All tenants are currently on month-to-month leases, providing flexibility for future plans and one lease expiration. This is a rare chance to acquire a piece of history with substantial investment potential. VALUE ADD OPPORTUNITY Multiple tenants Room for rent growth All tenants are month to month with one upcoming lease expiration

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Additional Information

School District: Alexandria City Public Schools
Flooring: Partially Carpeted, Wood
View: Street
Heating: Radiator(s), Forced Air
Cooling: Central Air
Roof: Copper, Flat, Rubber
Water: Public
Sewer: Public Sewer