Description
Important commercial opportunity for a restaurant operator or retail business owner to become part of a growing area known as Old Town North. Located just minutes from Washington, D.C., Alexandria is situated along the Potomac River, adjacent to Arlington with quick and easy access to the Pentagon, Crystal City, and Reagan National Airport (DCA). While Old Town is popular with tourists and known for its art galleries, antique shops, and red-brick sidewalks, northern Alexandria is described as a +G+suddenly bustling section of the city+G- by the Washington Business Journal and offers a variety of opportunities for residents to live, work, dine, and shop locally.This 3,312 SF property offered for sale has two floors which allows for flexibility. The entire space can be occupied by a single user or two different businesses can operate, one on each floor. The ground level is currently leased by the trendy Haute Dogs restaurant with a lease expiring in March 2022. The upper floor was recently occupied by a hair salon. This building is at one end of a block also occupied by T.J. Stone+GGs Grill & Tap Room and Hank and Mitzi+GGs Italian Kitchen. It sits next to a PNC Bank and across the street from the new rustic Oak Steakhouse, Wooboi Hot Chicken, St. Elmo+GGs Coffee Pub, and several other dining options like sushi and Thai restaurants. The Sheraton Suites Old Town is within a block and it+GGs a short walk to reach the Rivergate City Park and Oronoco Bay Park along the Potomac River. Just one block away, a developer has proposed a five-story, 73-unit building at the corner of North Columbus and Madison streets. The nearby Old Towne Hotel is being renovated into a new, five-story hotel, while the small Chinese restaurant next to it is slated to become a four-story, 13-unit mixed-use building.A recent article notes that the area is +G+one of the most underdeveloped locations within the historic district+G- of Old Town Alexandria, hinting at the demand for future growth. Property values and business revenue will continue to increase in this area overall.
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Description
Important commercial opportunity for a restaurant operator or retail business owner to become part of a growing area known as Old Town North. Located just minutes from Washington, D.C., Alexandria is situated along the Potomac River, adjacent to Arlington with quick and easy access to the Pentagon, Crystal City, and Reagan National Airport (DCA). While Old Town is popular with tourists and known for its art galleries, antique shops, and red-brick sidewalks, northern Alexandria is described as a +G+suddenly bustling section of the city+G- by the Washington Business Journal and offers a variety of opportunities for residents to live, work, dine, and shop locally.This 3,312 SF property offered for sale has two floors which allows for flexibility. The entire space can be occupied by a single user or two different businesses can operate, one on each floor. The ground level is currently leased by the trendy Haute Dogs restaurant with a lease expiring in March 2022. The upper floor was recently occupied by a hair salon. This building is at one end of a block also occupied by T.J. Stone+GGs Grill & Tap Room and Hank and Mitzi+GGs Italian Kitchen. It sits next to a PNC Bank and across the street from the new rustic Oak Steakhouse, Wooboi Hot Chicken, St. Elmo+GGs Coffee Pub, and several other dining options like sushi and Thai restaurants. The Sheraton Suites Old Town is within a block and it+GGs a short walk to reach the Rivergate City Park and Oronoco Bay Park along the Potomac River. Just one block away, a developer has proposed a five-story, 73-unit building at the corner of North Columbus and Madison streets. The nearby Old Towne Hotel is being renovated into a new, five-story hotel, while the small Chinese restaurant next to it is slated to become a four-story, 13-unit mixed-use building.A recent article notes that the area is +G+one of the most underdeveloped locations within the historic district+G- of Old Town Alexandria, hinting at the demand for future growth. Property values and business revenue will continue to increase in this area overall.
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