305 Washington StAlexandria, VA 22314

Property Details for 305 Washington St

Lot size

0.08 AC

Property size (Sq ft)

3,807 SF

Zone code

CD - COMMERCIAL DOWNTOWN

Property type

Retail properties

Property subtype

Turn key restaurants

APN

50597350

APU

50597350

Description

This exceptional investment opportunity presents a thriving Italian restaurant in the heart of Old Town Alexandria. Operating successfully for over 35 years, this single-tenant property boasts a total of 5,586 square feet across two levels. The main restaurant space, spanning 3,807 square feet, comfortably seats approximately 150 patrons across three distinct dining rooms, a lively bar area, and a dedicated private event space complete with its own bar. A fully equipped kitchen ensures seamless operation. The lower level provides valuable storage and office space, enhancing operational efficiency. Adding to its appeal, the property features expansive outdoor patios capable of seating an additional 50 guests, ideal for enjoying the vibrant Old Town atmosphere. Its strategic location offers unparalleled accessibility, situated just eight blocks from the King Street Metro and a mere four blocks from the picturesque Potomac waterfront. The current tenant's furniture, fixtures, equipment, and inventory are available for purchase at $200,000. The property operates under a lease agreement with a base rent of $15,000 per month, with the tenant responsible for insurance and maintenance. Real estate taxes are covered by the landlord. This turnkey operation presents a rare chance to acquire a well-established, profitable business in a highly desirable location.

Location Insight

City

Alexandria

County

Alexandria City

State

Virginia

Latitude

38.8025

Longitude

-77.0478

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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