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$13,700,000
8850 Richmond Hwy, Alexandria, VA 22309
0 Beds
0 Baths
n/a SqFt

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Listing Provided By RE/MAX Allegiance
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.
  • Price:
  • $13,700,000
  • Acreage:
  • 8.82
  • Year Built:
  • 1988
  • Listing ID #:
  • VAFX2103980
  • Street Address:
  • 8850 Richmond Hwy
  • City:
  • Alexandria
  • State:
  • Virginia
  • Postal Code:
  • 22309
  • County:
  • Fairfax
  • Listing Status:
  • Active
  • Listing Type:
  • Commercial Sale
School District: Fairfax County Public Schools
  • Ease Of Access:
  • Elevator
  • Year Built:
  • 1988
  • Year Built Source:
  • Estimated
  • Approximate Lot Size Range Source:
  • Estimated
  • Conforms To Zoning:
  • 497
  • Lot Square Footage:
  • 384025.00
  • Zoning Description:
  • C8
  • Days On Market:
  • 73
  • On Market Date:
  • 2022-11-18
  • Originating Mls:
  • Bright
  • Special Conditions Of Sale:
  • Standard
  • County Taxes:
  • 133904.00
  • Price Per Square Foot:
  • 202.21
  • Property Taxes:
  • $152,360
  • Tax Year:
  • 2021
  • Parking Spaces:
  • 200
  • Parking Type:
  • Parking Lot
  • Cooling Fuel:
  • Electric
  • Cooling System:
  • Central A/C
  • Existing Water:
  • Public
  • Heating:
  • Heat Pump(s)
  • Heating Fuel:
  • Central
  • Sewage Type:
  • Public Septic
  • Water Heater:
  • Multi-Tank
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By RE/MAX Allegiance
  • © 2023 BRIGHT, All Rights Reserved BRIGHT

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