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$13,700,000
9 Days Online

8850 Richmond Highway
Alexandria, VA 22309

For Sale|Commercial|Active
0
Beds
0
Full Baths
0
Partial Baths

SqFt

/SqFt
1988
Built
County:
Fairfax

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8850 Richmond Highway8850 Richmond Highway8850 Richmond Highway8850 Richmond Highway
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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.

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Listing Snapshot
Price 
$13,700,000
Days Online 
9 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
8.82 Acres
Year Built 
1988
MLS Number 
VAFX2103980
Status 
Active
Property Tax 
$152,360
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
14 hours agoListing updated with changes from the MLS
a week agoStatus changed to Active
a week agoPrice changed to $13,700,000
a week agoListing first seen online
General Features
Water 
Public
Sewer 
Public Septic
Construction Materials 
Brick
Zoning 
497
Interior Features
Heating 
Heat Pump(s)
Cooling 
Central A/C
Central Air 
Yes
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Community Features
Accessibility Features 
Elevator
Listing courtesy of RE/MAX Allegiance ?



The real estate listing information is provided by Bright MLS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale or lease referenced on this web site comes from the Internet Data Exchange (IDX) program of the Bright MLS. This web site references real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties in listings may have been sold or may no longer be available. The data contained herein is copyrighted by Bright MLS and is protected by all applicable copyright laws. Any unauthorized collection or dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright © 2020 Bright MLS. All rights reserved.

Neighborhood & Commute
Source: Walkscore
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