8850 RICHMOND HIGHWAY

ALEXANDRIA, VA, 22309

$13,700,000

$202 per ft²
$13,700,000
$202 per ft²
Active
Active
 - For Sale
carpenters-square
67,750 ft²
property_type
Commercial
calendar
Built 1988
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.
MLS® ID:
VAFX2103980
Updated:
11/28/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Cooling
Central A/C
Heating
Heat Pump(s)

Exterior/Building Features

Lot Size
8.82 acres lot
Sewer
Public Septic

School Information

School District
FAIRFAX COUNTY PUBLIC SCHOOLS

Other Property Details

Taxes
$152360.00
Tax Frequency
per YEAR
Garage
No
Parking
N
View
N
County
FAIRFAX
Water Source
Public
Pool
No
Zoning
497

Courtesy of RE/MAX Allegiance, Sebrin Adem

Listing Contact:  

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Data last updated 5:32 AM UTC, 11/28/22

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