8850 Richmond Hwy, Alexandria, VA 22309

$13,700,000
List Price
$13,700,000
Days on Market
19
Status
ACTIVE
MLS#
VAFX2103980
Lot Size (Acres)
8.82
Year Built
1988
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.

Additional Information

Taxes
$152360
School District
Fairfax County Public Schools
Heating
Heat Pump(s)
Heating Fuel
Central
Cooling
Central A/C
Water
Public
Sewer
Public Septic

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of RE/MAX Allegiance. Contact: