1505 King StAlexandria, VA 22314

  • Commercial real estate
  • 1,656 SF
For Sale
$1,150,000 View listing

Property Details for 1505 King St

Year built
1910
Lot size
0.05 AC
Property size (Sq ft)
1,656 SF
Zone code
KR
Property type
Commercial real estate
APN
10328000
APU
10328000

Description

This exceptional mixed-use property at 1505 King Street in Alexandria, Virginia presents a unique investment opportunity. Built in 1925 and renovated in 1980, this 2,100 square foot building sits on a 0.05-acre lot in the desirable KR zoning district. The property boasts excellent visibility and accessibility, located just two blocks from the Metro. The interior features a well-designed layout, including five offices, a waiting room, a kitchenette, and powder rooms on both the main and upper levels. The approximately 1,656 square feet above grade is complemented by 500 square feet of basement storage. Architectural details include exposed brick and substantial wood trim. The property includes 4-5 private parking spaces in the rear, adding significant convenience. Modern amenities such as central air conditioning, forced air heating, and natural gas hot water are also included. With a maximum Floor Area Ratio (FAR) of 1.25, the property allows for up to 2,722.5 square feet of building area, offering potential for expansion or redevelopment. Its prime location in Old Town Alexandria, combined with its versatile space and historic charm, makes this a truly remarkable commercial property suitable for a variety of uses, including law firms, boutique retail, or conversion into a cafГ© or luxury services business. This turnkey property is ready for immediate occupancy.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $489,850
    Hospitality
    $448,700
    Educational
    $373,313
    Medical
    $386,152
    Retail
    $580,709

Location Insight

City
Alexandria
County
Alexandria City
State
Virginia
Latitude
38.8065
Longitude
-77.0559
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
$8,922
$589,050
$214,736
$803,786
-
$589,050
$214,736
$803,786

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