6489 Little River TpkeAlexandria, VA 22312

Property Details for 6489 Little River Tpke

Year built

1984

Property size (Sq ft)

1,350 SF

Zone code

C-2(LIMITED OFFICE)

Property type

Office properties

Property subtype

Other office properties

APN

072-1-24-6489-A

APU

0721246489A

Description

This exceptional investment opportunity presents two adjacent, free-standing office buildings situated on Little River Turnpike in Alexandria, Virginia. The main building, located at 6489 Little River Turnpike, boasts 5,400 square feet of space, spread across two stories. It has undergone partial renovations and features prominent signage visible to the high volume of traffic on Little River Turnpike, estimated at approximately 33,000 vehicles daily. This ensures excellent visibility and potential for strong tenant attraction. The property is being offered for sale in conjunction with the adjacent building at 6491 Little River Turnpike, which adds an additional 1,832 square feet of space. The combined offering of both buildings presents a compelling opportunity for investors seeking a significant presence in a high-traffic commercial corridor. The combined purchase price for both properties is $1,850,000. The individual listing price for 6489 Little River Turnpike is $1,377,000. This package offers a unique chance to acquire a substantial office complex in a prime Alexandria location with significant potential for future growth and return on investment. The high daily traffic count on Little River Turnpike provides unparalleled exposure for any business occupying these buildings. The partial renovations in the main building provide a solid foundation for immediate occupancy or further improvements tailored to specific tenant needs.

• CAP approach

  CAP return

  Valuation

  6%

  $348,881

  6.5%

  $322,044

  7%

  $299,041

• Comparable approach

  Method

  Valuation

  Relative Method

  $225,464

  Geo Method

  $225,464

• Alternative Use

  Use

  Valuation

  Residential

  $399,334

  Hospitality

  $365,788

  Educational

  $304,331

  Medical

  $314,798

  Retail

  $473,404

Location Insight

City

Alexandria

County

Fairfax

State

Virginia

Latitude

38.8206

Longitude

-77.1565

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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