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An important opportunity for the commercial- or retail-minded owner to invest in a growing area known as Old Town North. Located just minutes from Washington, D.C., Alexandria is situated along the Potomac River, adjacent to Arlington with quick and easy access to the Pentagon, Crystal City, and Reagan National Airport (DCA). While Old Town is popular with tourists and known for its art galleries, antique shops, and red-brick sidewalks, northern Alexandria is described as a “suddenly bustling section of the city” by the Washington Business Journal and offers a variety of opportunities for residents to live, work, dine, and shop locally. This 3,312 SF property offered for sale has two floors with the ground level currently leased by the trendy Haute Dogs restaurant. The upper floor was recently occupied by a hair salon. This building is at one end of a block also occupied by several restaurants. It sits next to a bank and across the street from a steakhouse and among many other restaurants and bars. The Sheraton Suites Old Town is within a block and it's a short distance to reach the Rivergate City Park and Oronoco Bay Park along the Potomac River. Just one block away, a developer has proposed a five-story, 73-unit building at the corner of North Columbus and Madison streets. The nearby Old Towne Hotel is being renovated into a new, five-story hotel, while the small restaurant next to it is slated to become a four-story, 13-unit mixed-use building. A recent article notes that the area is “one of the most underdeveloped locations within the historic district” of Old Town Alexandria, hinting to the demand for future growth. Property values and business revenue will continue to increase in this area overall. Please do not contact the tenant. Additional information available after signing a Confidentiality and Non-Reliance Agreement.
Listed by Stephen M Karbelk of CENTURY 21 Commercial New Millennium

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