705 Prince Street, Alexandria, VA 22314

$975,000
List Price
$975,000
Price Change
▼ $75,000 1623870961
Days on Market
20
Status
ACTIVE
MLS#
VAAX260448
Lot Size (Acres)
0.05
Year Built
1900
County
Alexandria City
School District
Alexandria City Public Schools

Property Description

Quintessential Old Town property in prime location! One block to King Street, halfway between King Street Metro and the newly developed waterfront and only 3 miles to Reagan Airport. Built in 1900 this building features exposed brick walls and gorgeous window detail giving it Old Town charm galore. Three level townhouse with off street parking for two cars. Open concept floor plan flooded with natural light has endless possibilities. Building currently features 2 separate business spaces; one on the main level, second space on the upper level and basement for lots of storage. Zoned mixed use, the options for this space are limitless. For starters, the English basement has private outside entrance so easily finish the space for a third business. Is the limited residential inventory causing you heartache? Convert the entire building into residential (like your neighbor at 707 Prince Street) and enjoy the prime location, walkability and off-street parking right in the heart of Old Town. This building also offers the perfect setup for an owner to have a business upstairs while generating income from the tenant on the main level. Are you downsizing your business or looking for more space outside of your most recent home office? This space is just right! Great combination of closed-door rooms plus plenty of open space where employees can spread out. No matter your commercial or residential needs, if you want to be in old town, touring this property is a must! Current tenant renewing lease and will be in property another year but is expected to want to stay longer, if possible. No interest in long term tenant, this gives you a year to design and work with the City to make the building your own.

Additional Information

Taxes
$10456
School District
Alexandria City Public Schools
Heating
Central
Heating Fuel
Electric
Cooling
Central A/C
Water
Public
Sewer
Public Sewer

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Long & Foster Real Estate, Inc..