319 - 321 S WASHINGTON STREET
Alexandria, VA 22314
Price Upon Request
Discover a unique investment opportunity in the heart of Old Town Alexandria! This remarkable mixed use property, originally built in 1820, has great potential. This brick building offers one retail space on the first floor, an office space and a one bedrom one bath apartment on the 2nd floor and another one bedroom one bath on the top floor. The location in Old Town Alexandria ensures a steady flow of foot traffic for the retail space and potential tenants. The alley is also included with its 8 parking spaces and two additional spaces behind the building. This on-site parking is a rare find in urban settings and adds significant value and convenience for tenants or customers. The commercial spaces are currently vacant and the residential apartments are under lease. Don't miss out on this exceptional opportunity to enhance your portfolio in one of Alexandria's most sought-after neighborhoods! Property financials available by request.
Listing Courtesy of: Seaport Properties LLC
703-304-3641
| Listing Id: | VAAX2067452 |
|---|---|
| Property Type: | Commercial Sale |
| Property Sub Type: | MixedUse |
| Status: | Active |
| Tax Annual Amount: | $12,559 |
| Lot Size Square Feet: | 4,263.03 |
| Lot Size Acres: | 0.1 |
| Waterfront?: | No |
| City: | Alexandria |
| Counties Or Regions: | Alexandria City |
| Subdivision Name: | Old Town Alexandria |
| Postal Code: | 22314 |
| Year Built: | 1820 |
| Number Of Units Total: | 4 |
| Listing Agreement: | Exclusive Right |
| Frequency: | Annually |
| Mls List Date: | 2026-10-16 |
| State Or Province: | VA |
| Postal Code Plus4: | 3685 |
| Possession: | 0-30 Days CD, Immediate, Settlement |
| Directions: | GPS |
| School District Sources: | Listing Agent |
| School District Key: | 121139111593 |
| Cooling: | Ceiling Fan(s), Window Unit(s) |
| Construction Materials: | Brick |
| Flooring: | Hardwood |
| Building Area Total: | 2,700.0 |
| Accessibility Features: | None |
| Heating: | Radiator |
| Heating?: | Yes |
| Building Area Source: | Estimated |
| Parking Features: | Private, Surface |
| Roof: | Metal |
| Stories Total: | 3 |
| Parking Total: | 10 |
| Year Built Effective: | 1990 |
| Year Built Source: | Estimated |
| Property Condition: | Good |
| Basement Yn: | No |
| Cooling Fuel: | Electric |
| Heating Fuel: | Natural Gas |
| Hot Water: | Natural Gas |
| Other Units: | Unit 1, Unit 1, Unit 1, Unit 1, Unit 1 |
| Net Square Feet: | 2,700.0 |
| Type Of Parking: | Parking Lot |
| Total Garage And Parking Spaces: | 10 |
| Assessment Year: | 2026 |
| In City Limits Yn: | Yes |
| City Town Tax: | $19,618.00 |
| City Tax Frequency: | Semi-Annually |
| Tax Assessment Amount: | $1,666,961.00 |
| Tax Year: | 2026 |
| Zoning: | CD |
| Listing Tax: | 11336500 |
| Ownership: | Fee Simple |
| Special Listing Conditions: | Standard |
| Electric Expense: | $253 |
| Gross Scheduled Income: | $116,560 |
| Insurance Expense: | $11,456 |
| Lot Features: | Additional Lot(s) |
| Lot Size Source: | Estimated |
| Lot Size Units: | Square Feet |
| Maintenance Expense: | $4,388 |
| Net Operating Income: | $45,287 |
| Other Expense: | $11,408 |
| Professional Management Expense: | $5,822 |
| Total Actual Rent: | $97,041 |
| Trash Expense: | $3,954 |
| View: | City |
| Location Type: | Downtown |
| Sewer: | Public Sewer |
| Water Source: | Public |
| Business Type: | Other |
| Gross Income: | $103,097 |
| Income Includes: | Apartment Rentals, Parking, Other |
| Annual Gross Expense: | $57,809.31 |
| Annual Heating Expense: | $1,844.08 |
| School District NameSchool District: | ALEXANDRIA CITY PUBLIC SCHOOLS |
| Num Car Parking Spaces: | 10 |
| Short Sales: | No |
| Fencing Yn: | Yes |
| Property Use: | Investment |
| Tenancy Svo: | Multiple |
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Property Last Updated: October 26, 2026 09:23 PM - ET
