For Lease
$47.28/SF/YR

305 Washington StAlexandria, VA 22314

Established Italian eatery, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a thriving Italian restaurant in the heart of Old Town Alexandria. Operating successfully for over 35 years, this single-tenant property boasts a total of 5,586 square feet across two levels. The main restaurant space, spanning 3,807 square feet, comfortably seats approximately 150 patrons across three distinct dining rooms, a lively bar area, and a dedicated private event space complete with its own bar. A fully equipped kitchen ensures seamless operation. The lower level provides valuable storage and office space, enhancing operational efficiency. Adding to its appeal, the property features expansive outdoor patios capable of seating an additional 50 guests, ideal for enjoying the vibrant Old Town atmosphere. Its strategic location offers unparalleled accessibility, situated just eight blocks from the King Street Metro and a mere four blocks from the picturesque Potomac waterfront. The current tenant's furniture, fixtures, equipment, and inventory are available for purchase at $200,000. The property operates under a lease agreement with a base rent of $15,000 per month, with the tenant responsible for insurance and maintenance. Real estate taxes are covered by the landlord. This turnkey operation presents a rare chance to acquire a well-established, profitable business in a highly desirable location.

Highlights

  • Retail property totaling 5,586 square feet.
  • Single-tenant restaurant occupancy.
  • Established Italian restaurant, operating for over 35 years.
  • Approximately 150-seat capacity, including three dining rooms, bar, and private event space.
  • Fully equipped kitchen, lower-level storage and office space, and outdoor patios seating approximately 50.
  • Prime Old Town Alexandria location, near King Street Metro and the Potomac waterfront.

Property Details for 305 Washington St

Property type
Retail properties
RSF (Rentable sq. ft)
5,586 SF

Unit(s) available at that property

Space
Size
3,807 SF
Rate per SF
$47.28

Location Insight

City
Alexandria
County
Fairfax
State
Virginia
Latitude
38.8024802
Longitude
-77.0477887
305 Washington St, Alexandria, Virginia

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
305 Washington St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message