Active

107 N Fairfax St

Alexandria VA, 22314

$3,000,000


$805.37 per sqft

Active

3,725 sqft

Commercial

Built in 1800

Please take the 3D tour of this beautiful property before contacting listing or co listing agents to discuss scheduling a showing, due to the availability of the AirBNB, before scheduling in showing time, thank you.
Exciting 1031 Exchange Opportunity - Commercial Property for Sale. Discover a one-of-a -kind investment opportunity in this three-level mixed-use commercial property that seamlessly combines the vibrancy of retail, the convenience of Airbnb, and the comfort of a two-level rental apartment unit. This property represents a unique fusion of diverse income streams, all under one roof.
Situated in the heart of Old Town Alexandria, VA, this property benefits from a coveted location with high foot traffic, exceptional visibility, and easy access to at door public transportation.
Retail Space (Ground Floor) is dedicated to a boutique ice cream shoppe and cafe.
Airbnb Unit (Second Level) provides a flexible income source. The beautifully appointed Airbnb awaits travelers with modern amenities and decor to ensure an unforgettable stay, making it an appealing option for both tourists and business travelers.
Rental Apartment Unit (Third Level) is a spacious and well-designed two-level apartment with a modern kitchen, cozy living areas, and a deck with outdoor kitchen. This apartment unit contribute to a steady and consistent rental income stream.
Tax-Deferred Opportunity of a 1031 Exchange, buyers can potentially defer capital gains taxes on their relinquished property when they invest in a like-kind replacement property.
Agents and prospective buyers if intent to complete a 1031 Exchange for the purchase please provide a copy of their 1031 exchange agreement and a Qualified Intermediary's contact information.
The buyer should provide proof of their financial capability to acquire the property. This could include bank statements, a pre-approval letter from a lender, or a letter of credit.
Buyers may need to show their creditworthiness to secure financing or to assure the seller that they can fulfill their obligations. This might involve providing a credit report and financial references before any showings.

VAAX2028744

MLS ID

February 15, 2024

Updated

Map

107 N Fairfax St
Alexandria VA, 22314

Interior Features

Interior Features

Carpet, Wood


Floor Description

Carpet, Wood


Fireplace

No


Cooling

Yes


Cooling Description

Central Air, Ceiling Fan(s)


Heating

Yes


Heating Description

Forced Air, Baseboard, Hot Water, Natural Gas

Exterior/Building Features

Roof

Metal


Sewer

Public Sewer

Other Property Details

Taxes

$14,348


Tax Frequency

Annually


Days on Market

78


Garage

No


Parking

On Street


View

No


County

ALEXANDRIA CITY


Water Source

Public


Pool

No


Buyer Agency Compensation

2.5%

Listed by Gregory E Gray, Jamie L Nicholas with KW Metro Center
Listing Contact: 5718307790 

The IDX display contains information sourced from the Bright MLS, Inc. as of 2/15/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 2/15/2024 at 10:34 PM UTC

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