601 Prince St 11,741 SF Vacant Office Building Alexandria, VA 22314 For Sale

Transwestern, as exclusive agent, is pleased to offer a rare opportunity to acquire 601 Prince Street (the “Property”), a extremely well-located building with flexible zoning that consists of a total of approximately 11,741 +/- Rentable SF in Old Town Alexandria, Virginia.
Constructed in the mid 1800’s, 601 Prince Street is a 3-story building totaling about 11,741 SF which is a former Greek Revival Church that was converted to an office use in 1991. The prior commercial tenant vacated the building in August 2025. The building includes several unique features for its age including a partially finished basement, elevator service, a former bell tower space above the third floor, and unique architectural features including large windows that provide significant natural light and six skylights on the third floor. The construction of 601 Prince Street in 1840 makes this property a strong candidate for a Historic tax credit re-development for investors to utilize either State or Federal incentives.
This Property has had significant capital improvements completed including a Major Renovation in 1980 when the basement is believed to have been excavated and added along with an additional stairwell and the current second and third floors. Since 2022 there have been additional capital improvements including Boiler/HVAC Upgrades, Interior/Exterior Window Painting, Roof Repairs, a new pump controller and a new seal/gasket for the Fire Pump, and a replacement of the Entrance Door Glass in the front of the building.
The Property was previously occupied by a Non-Profit Organization which vacated the space in August of 2025. The Property could be a prime candidate for an end user to acquire for their own business operations or a commercial investor to acquire and lease to commercial tenants similar to the most recent use.
This Property is also well positioned for a potential residential conversion to for sale condominiums or rental apartments which is permitted under the current Zoning Classification. The physical layout of the building and premier location of the property combined with the strength of the condominium sales market in Old Town Alexandria with recent condominium sales comps exceeding $900 per SF, offers a unique exit opportunity with significant return on investment. There is also an opportunity to convert the buildings to rental apartments which would command rents in the $4.00+ per SF range.