This exceptional executive office property at 115 South Union Street in Alexandria, Virginia, offers a unique opportunity for businesses seeking flexible and modern workspace. Located in the desirable 22314 zip code, the building underwent a complete renovation in 2019, ensuring contemporary amenities and a high-quality environment. The property is classified as both office and restaurant space, allowing for diverse tenancy options. Multiple tenancies are available, with a minimum divisible space of 1,322 square feet and a maximum contiguous space of 23,562 square feet, catering to businesses of various sizes. This allows for scalability and customization to meet specific needs. The building provides ample parking, with a ratio of 3 parking spaces per 1,000 square feet. The precise total building square footage is currently unavailable. This prime location in Alexandria, VA offers easy access to major transportation routes, making it an ideal location for commuting employees and clients. The property's modern design and flexible space options make it an attractive choice for businesses seeking a prestigious and functional workspace in a vibrant urban setting. Inquire today to learn more about available spaces and lease terms.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$7,679,770
6.5%
$7,089,018
7%
$6,582,660
Comparable approach
Method
Valuation
Relative Method
$4,963,036
Geo Method
$4,963,036
Alternative Use
Use
Valuation
Residential
$8,790,383
Hospitality
$8,051,944
Educational
$6,699,122
Medical
$6,929,516
Retail
$10,420,857
Location Insight
City
Alexandria
County
Alexandria City
State
Virginia
Latitude
38.8037
Longitude
-77.0409
CBSA code
47900
CBSA name
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
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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.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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