For Lease
$47.28/SF/YR

305 Washington St Alexandria, VA 22314

Established Italian eatery, prime location.

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
135
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

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FAQs

What type of property is this?
Retail property - Established Italian eatery, prime location.
Where is the retail property located?
The property is located at 305 Washington St Alexandria, VA.
What is the lease rate?
The lease rate is $47.28/SF/YR.
What are key features of this property?
This property features: Retail property totaling 5,586 square feet.; Single-tenant restaurant occupancy.; Established Italian restaurant, operating for over 35 years.
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.
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Contacts

Virginia Smith
Virginia Smith
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Washington St
Alexandria, VA 22314

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Washington St
Alexandria, VA 22314

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

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305 Washington St
  • Virginia Smith
    Virginia Smith
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