8850 Richmond Hwy, ALEXANDRIA

$13,700,000

0 Bed
0 Bath
67,750 Sqft
8.82 Acres
200 Parking

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.

Essential Information
MLS® #VAFX2103980
Price$13,700,000
Bathrooms0.00
Square Footage67,750
Acres8.82
Year Built1988
TypeCommercial Sale
Sub-TypeOffice
StatusActive
Community Information
Address8850 Richmond Hwy
CityALEXANDRIA
CountyFAIRFAX-VA
StateVA
Zip Code22309
Amenities
Parking Spaces200
Interior
HeatingHeat Pump(s)
CoolingCentral A/C
Exterior
ExteriorBrick and Siding
School Information
DistrictFAIRFAX COUNTY PUBLIC SCHOOLS
Additional Information
Zoning497
Condo Fees$0
HOA Fees$0
Listing Details
OfficeRE/MAX Allegiance
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Listing information last updated on November 29th, 2022 at 1:31pm EST.