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8850 Richmond Highway

ALEXANDRIA, VA 22309
  • $13,700,000
  • STATUS: Active
  • ON SITE: 410 Days
  • ID#: VAFX2014880
$13,700,000
  • 0
    BEDS
  • 8.82
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1988
County:

School Ratings & Info

Description

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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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Cornerstone Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-09-25T23:50:22.063.
www.remaxcornerstoneva.com/homes/120371690
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8850 Richmond Highway ALEXANDRIA, VA 22309

  • Price: $13,700,000
  • Status: Active
  • On Site: 410 Days
  • ID#: VAFX2014880
0
Beds
0
Baths
0
½ Baths
8.82
Acres
1988
Built
County:
Fairfax
School District:
Fairfax County Public Schools
Property Description
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.
Exterior Features

Construction Materials Brick Garage YN No Parking Types Parking Lot Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 67750.00 Cooling Central A/C Heating Heat Pump(S) Heating YN Yes Net Square Feet 67750.00

Property Features

Accessibility Features Elevator Assessment Year 2021 Association YN No Business Type Professional Central Air YN Yes Cooling Fuel Electric Heating Fuel Central Hot Water Multi-Tank Navigable Water YN N New Construction YN No Original MLSNumber 800945184670 Ownership Interest Fee Simple Possession Immediate0-30 Days Cd31-60 Days Cd61-90 Days CdNegotiable Property Sub Type Office Sale Type Standard Sewer Public Septic Tax Annual Amount 152360.00 Tax Assessment Amount 7318010.00 Vacation Rental YN No Water Source Public Zoning 497 Zoning Description C8

Listing courtesy of Re/Max Allegiance: .


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Cornerstone Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-09-25T23:50:22.063.
 
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RE/MAX Cornerstone Realty
1810 Princess Anne St.
Fredericksburg VA, 22401