Historic Old Town charm in circa 1850s semi-detached brick colonial. Largest mixed-use property currently for sale in Old Town~at over 10, 000 SF. Also one of the lowest priced on a square-footage basis at $370/SF. First floor is vacant commercial space but can be converted to residential under existing zoning. 2nd floor includes a recently renovated 2-BR loft-style apt, a 3-BR apt., and a commercial office. Plus 1-BR attic apt. Upper levels fully leased, generating $100K gross income. There are 4 fireplaces in all, skylights on the main floor, and a rear patio with access easement to S. Royal St. Vacant land at rear of lot could allow additional density for either residential or commercial expansion. Buyer should perform its own due diligence with City of Alexandria Dept. of Planning and Zoning to determine. Many possibilities exist for an owner/investor, plus bonus rental income to offset mortgage. Bring your architect!
Veteran Realty Serving America’s Military, Inc. (dba VR SAM®) is a licensed brokerage in the Commonwealth of Virginia. Firm license: 0226027302