405 Fannon StAlexandria, VA 22301

  • Industrial properties
  • 17,714 SF
For Lease

Property Details for 405 Fannon St

Year built
1952
Lot size
0.52 AC
Property size (Sq ft)
17,714 SF
Zone code
I - INDUSTRIAL ZONE
Property type
Industrial properties
Property subtype
Other warehouses
APN
13810000
APU
13810000

Description

This exceptional Alexandria, VA industrial property at 405 Fannon St offers 33,214 square feet of versatile flex and warehouse space, ideally suited for a variety of businesses. Currently, 23,214 square feet is available, divisible into units ranging from 5,500 to a maximum contiguous 17,714 square feet. The building, constructed in 1952, features a 16-foot ceiling height, one dock-high door, and two drive-in doors, providing excellent access for loading and unloading. The property sits on a 22,443 square foot lot and is zoned I (Industrial), offering significant potential for diverse uses. Its strategic location in Alexandria, within the rapidly developing Route 1 corridor, provides unparalleled access to major transportation arteries, including National Airport, downtown Washington D.C., GW Parkway, I-95, and I-395. The property's proximity to the planned Virginia Tech Innovation Campus and the Potomac Yard shopping complex further enhances its appeal. This location is perfect for businesses seeking convenient access to a thriving commercial area and a strong workforce. The property's adaptability makes it suitable for a wide range of users, including service industries, craft breweries, coffee roasters, fitness centers, daycare facilities, dog care businesses, commercial kitchens, and contractors or landscaping companies needing indoor vehicle storage. This is a rare opportunity to secure a well-located, versatile industrial space in a rapidly growing market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $5,239,858
    Hospitality
    $4,799,682
    Educational
    $3,993,278
    Medical
    $4,130,614
    Retail
    $6,211,766
405 Fannon St, Alexandria, Virginia

Location Insight

City
Alexandria
County
Alexandria City
State
Virginia
Latitude
38.8274
Longitude
-77.0515
CBSA code
47900
CBSA name
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$41,403
$2,244,300
$1,485,700
$3,730,000
-
$2,244,300
$1,485,700
$3,730,000

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