5845 Richmond HwyAlexandria, VA 22303

Property Details for 5845 Richmond Hwy

Year built

1986

Construction

CONCRETE

Lot size

3.64 AC

Property size (Sq ft)

98,191 SF

Zone code

C-8(HIGHWAY COMMERCIAL)

Property type

Office buildings

APN

083-4-01-0011

APU

834010011

Description

Huntwood Plaza offers exceptional retail opportunities in Fairfax County. This development presents multiple tenancy options within a brand-new construction, boasting flexible space ranging from 2,000 to 6,000 square feet. Ideal for a variety of restaurant or retail concepts, each space provides the potential for an outdoor patio, capitalizing on the high traffic volume of the surrounding corridor. The property is classified as a standalone building, offering excellent visibility and accessibility for customers. The flexible space allows for customization to suit individual business needs. This is a prime location for businesses seeking high foot traffic and strong visibility in a thriving Fairfax County market. The multiple tenancy aspect allows for a diverse range of businesses to coexist, creating a synergistic environment. The new construction ensures modern amenities and efficient layouts, minimizing upfront capital expenditures. This is a unique opportunity to establish a presence in a vibrant and growing commercial area. Contact us today to learn more about leasing options and availability. Don't miss this chance to secure your ideal retail space in Huntwood Plaza.

• CAP approach

  CAP return

  Valuation

  6%

  $25,375,520

  6.5%

  $23,423,556

  7%

  $21,750,446

• Comparable approach

  Method

  Valuation

  Relative Method

  $16,398,879

  Geo Method

  $16,398,879

• Alternative Use

  Use

  Valuation

  Residential

  $29,045,210

  Hospitality

  $26,605,256

  Educational

  $22,135,262

  Medical

  $22,896,526

  Retail

  $34,432,628

Location Insight

City

Alexandria

County

Fairfax

State

Virginia

Latitude

38.7906

Longitude

-77.0588

CBSA code

47900

CBSA name

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

Property Tax & Assessments

FAQs

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