The Offering

Summary

  • List Price Request for Offers
  • Product Type Multifamily Development
  • Proposed Units 54 Multifamily Units
  • Proposed Parking 59 Spaces
  • Proposed GFA 77,409 SF
  • Proposed NFA 53,575 SF
  • Lot Size 17,525 SF
  • Zoning KR

Investment Summary

Feldman Ruel is pleased to offer an opportunity to acquire a unique development project in Old Town, Alexandria, one of the DMV's most affluent and stable submarkets. The project will convey with Development Special Use Permit (DSUP) approval to construct an eight-level multifamily structure, and renovate five existing commercial townhomes into residences on the most sought after street in Alexandria.

Investment Highlights

• Conveys with Development Special Use Permit (DSUP) Approval for 54 Residential Units

• Approved DSUP Mitigates Entitlement Risk but Allows for Design Modifications

• Strong Residential Condominium Market | Nearby Outsales Exceeding $1,000 per SF
• Located Along the Most Sought-After Commercial Corridor in Alexandria, VA

• Only 2 Blocks from the King Street-Old Town Metro Station

Location

Listing Agents

Tanner Scales

Tanner Scales

Associate Director
(571) 932-5660
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