8850 Richmond Hwy Alexandria, Virginia, 22309 United States
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8850 Richmond Hwy
Alexandria, Virginia, 22309 United States

TTR Sotheby's International Realty
Listing image
Listing image

Property details

  • Property type

    Commercial

  • Status

    Available

  • Year Built

    1988

  • property taxes

    $152,360/Year

8850 Richmond Hwy

This is a GSA-approved secure building with an elevator. It is a 3-Level Low-Rise Office Building with Tons of Potential and a Huge Lot at a Prime Location. The lot alone is 8.8 acres (384,025 sf). The Total Building Sq Ft is 67,750. Plenty of parking spaces. A big opportunity is now a reality and is waiting for your vision. There are so many options to repurpose the existing building , knock it down and build an entirely new development, multi-family with mixed use or just multi-family, retirement community, major retailer, and much more. Currently, the building is leased to multiple tenants, and all tenants received notice to vacate. The last tenant is moving out at the end of October 2023. The reason for the notice was a previous contract that failed for development purposes. The goal was to knock down the building to potentally develop it into a multi-family unit. The buyer's financing fell through. Calling all developers, the zoning also allows for other development options such as apartments, multi-family, town homes, and buildings with commercial and residential space. The owners have approved a special exception to build two hotels on this site, but you, the developer, have complete control over what you do with the lot. There are major developments in the area, which will be ideal for any developer, and you can maximize your profit in a variety of ways. Don't miss this opportunity.

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about Alexandria

A historic Northern Virginia destination on the banks of the Potomac River

Amenities & Features

  • Listing Details
    • Property ID
      VAFX2103980
    • MLS#
      VAFX2103980
    • Property type
      Commercial
    • Marketed By
      Virginia Brokerage
    • Status
      Available
    • Listing Price
      $13,700,000
    • County
      Fairfax County
  • Utilities & Building
    • Year Built
      1988
    • property taxes
      $152,360/Year
    • Style
      Brick
    • Lot Size Unit
      Acre(s)
    • Lot Size
      8.82
    • cooling
      Electric
    • Other
      Public Sewer Service
  • Interior
    • Amenities
      A/C