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601 King St
Alexandria, VA 22314
Office Property For Sale


Investment Highlights
- Executive office suites
- Irreplaceable Old Town Alexandria location
- Immediate value through leasing
Executive Summary
JCR Companies is pleased to present the opportunity to acquire 601 King Street. This four-story asset, is a mixed-use commercial property with a diverse roster of 18 tenants across approximately 85% occupancy. The building features ground-floor retail, including Chipotle Mexican Grill, and upper-floor office suites catering to professional service providers and boutique businesses. The tenancy reflects the character and demand of Old Town Alexandria, with a strong mix of attorney offices, licensed therapists, cosmetic and wellness practitioners, and other service-based professionals. This dynamic blend of users benefits from the property’s prime location along King Street’s high-traffic retail corridor, offering both visibility and convenience. The asset's smaller suite sizes and flexible layouts appeal to local entrepreneurs, sole practitioners, and service-oriented tenants seeking a prestigious address with access to walkable amenities and public transit. The stable nature of professional office users and the enduring presence of a national retailer on the ground floor contribute to a diverse and resilient income stream. With opportunity for lease-up and repositioning, 601 King Street provides a compelling combination of existing in-place cash flow and upside potential through targeted leasing efforts.
Property Facts
Sale Type
Investment
Property Type
Building Size
8,503 SF
Building Class
C
Year Built
1880
Price
$4,683,250
Price Per SF
$550.78
Cap Rate
5.90%
NOI
$276,192
Percent Leased
85%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
2,126 SF
Building FAR
0.39
Lot Size
0.50 AC
Zoning
KR - King Street urban retail zone
Amenities
- Natural Light
- Air Conditioning
Property Taxes
| Parcel Number | 074.02-03-14 | Improvements Assessment | $2,800,345 |
| Land Assessment | $1,041,868 | Total Assessment | $3,842,213 |
Property Taxes
Parcel Number
074.02-03-14
Land Assessment
$1,041,868
Improvements Assessment
$2,800,345
Total Assessment
$3,842,213
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