Introducing an exceptional investment opportunity at 109-111 South Fairfax Street, Alexandria, VA. This historic 4,560 SF building, dating back to 1770, offers a prime location in the heart of Northern Virginia's Commercial Downtown district. The property boasts 100% occupancy with multiple tenants, presenting an ideal income-producing asset. With room for rent growth and management efficiencies, as well as the potential for operating expense sharing through new leasing agreements, this property offers a solid foundation for a savvy investor. All tenants are currently on month-to-month leases, providing flexibility for future plans and one lease expiration. This is a rare chance to acquire a piece of history with substantial investment potential.
VALUE ADD OPPORTUNITY
Multiple tenants
Room for rent growth
All tenants are month to month with one upcoming lease expiration
commercial
$81,035 Monthly Tax
Built in 1770
MLS/Listing ID VAAX2049316
10 Units
Construction - Brick
Cooling - Central Air
Natural Wood
Brick Mortar
Slab
Public Sewer
Public Water
Heating - Natural Gas
Heating - Electric
Flat
Rubber
TOTAL MONTHLY COST
$0
$0
$0
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