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1020 Princess St 6,800 SF Office Building Alexandria, VA 22314 For Sale
INVESTMENT HIGHLIGHTS
- Complete renovations in 2012 created team-focused open spaces with some closed offices
- Abundant windows, eat-in communal kitchen, 4 bathrooms (ADA) and a shower
- Elevator serves 2nd and 3rd floors
- Off-street parking for 10 cars
- Building is fully sprinklered
EXECUTIVE SUMMARY
This free-standing building was fully renovated in 2012. Currently built out with large team workspaces as well as private offices, the property is located in the emerging Braddock Road Metro neighborhood. Other possible By-Right uses include residential conversion or a preschool. The property includes 10 private parking spaces. Walk or bike to the Metro station that is six blocks away. Capital Bikeshare is two blocks away along with Starbucks and other dining options
The Property includes the office building known as 1010 Princess Street, tax map #064.01-14-02; 1020 Princess Street, tax map #064.01-14-01; 331 N. Henry Street, tax map #064.01-14-27; and the parking lot known as 1011 Princess Street, tax map #064.01-05-23.
The Property includes the office building known as 1010 Princess Street, tax map #064.01-14-02; 1020 Princess Street, tax map #064.01-14-01; 331 N. Henry Street, tax map #064.01-14-27; and the parking lot known as 1011 Princess Street, tax map #064.01-05-23.
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
6,800 SF
Building Class
B
Year Built/Renovated
1982/2012
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
2,266 SF
Building FAR
1.73
Lot Size
0.09 AC
Zoning
CL - CL (Commercial Low).
Parking
10 Spaces (1.47 Spaces per 1,000 SF Leased)
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Revolution Agency
- Professional, Scientific, and Technical Services
- -
- -
- -
- Truck Trailer Manufactures
- Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Revolution Agency | Professional, Scientific, and Technical Services | - | - | - | ||
| Truck Trailer Manufactures | Services | - | - | - |
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Walk Score®
Walker's Paradise (97)
Transit Score®
Excellent Transit (75)
Bike Score®
Very Bikeable (76)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,311,675 | |
| Land Assessment | $1,038,634 | Total Assessment | $2,350,309 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,038,634
Improvements Assessment
$1,311,675
Total Assessment
$2,350,309
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1020 Princess St
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