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705 Prince StAlexandria, VA 22314Sale Price: $950,000

  • Sale Price: $950,000
  • 12 Days Since Sale
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Federal 30-year interest rate: 3.09% last updated on Oct 21, 2021
* 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.
  • $975,000List Price
  • 0.05Acreage
  • 1900Year Built

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Listed by Mary C Bourke of Long & Foster Real Estate,Inc.

Listing Sold by Long & Foster Real Estate, Inc.
Quintessential Old Town property in prime location! One block to King Street, halfway between King Street Metro and the newly developed waterfront and only 3 miles to Reagan Airport. Built in 1900 this building features exposed brick walls and gorgeous window detail giving it Old Town charm galore. Three level townhouse with off street parking for two cars. Open concept floor plan flooded with natural light has endless possibilities. Building currently features 2 separate business spaces; one on the main level, second space on the upper level and basement for lots of storage. Zoned mixed use, the options for this space are limitless. For starters, the English basement has private outside entrance so easily finish the space for a third business. Is the limited residential inventory causing you heartache? Convert the entire building into residential (like your neighbor at 707 Prince Street) and enjoy the prime location, walkability and off-street parking right in the heart of Old Town. This building also offers the perfect setup for an owner to have a business upstairs while generating income from the tenant on the main level. Are you downsizing your business or looking for more space outside of your most recent home office? This space is just right! Great combination of closed-door rooms plus plenty of open space where employees can spread out. No matter your commercial or residential needs, if you want to be in old town, touring this property is a must! Current tenant renewing lease and will be in property another year but is expected to want to stay longer, if possible. No interest in long term tenant, this gives you a year to design and work with the City to make the building your own.

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