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624 N Washington StAlexandria, VA 22314Price: $1,200,000

  • Price: $1,200,000
  • 66 Days on Market
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Federal 30-year interest rate: 5.1% last updated on May 26, 2022
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $1,200,000List Price
  • 0.04Acreage
  • 1980Year Built

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Listed by Michael B Porterfield of Tartan Properties,Inc.
Investment opportunity for sale with two quality tenants in place Dental practice on first and second floors,florist on lower level Dental practice has a lease expiration in December 2023 with 1 5-year option to renew Flower shop currently month to month,has occupied lower level for 10+ years Florist lower level month to month,paying $1,647/month flat Dental practice pays share of gas and electric,landlord currently reimburses one third of utilities Two private parking spaces in rear,accessed via alley OC zoning allows for one to two apartment dwelling units as accessory use over commercial use Opportunity to convert first and second floors to residential use while maintaining flower shop in lower level for additional income Custom wrought iron stairs in front Hardwood floors throughout Currently set up to support dental practice Kitchen or lab space on second floor Covered deck on second floor Half bath on lower level,full bath on second floor Two private parking spaces in rear,accessed via alley Ample amenities within walking distance,including Trader Joes,FedEx,multiple restaurants Located in the rapidly developing OTN Two stoplights from the GW Parkway for quick access to Washington D.C. 5 blocks to Braddock Road Metro,6 blocks to King Street High visibility location,opportunity for building signage

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