1020 Duke Street

1020 Duke Street Alexandria, VA 22314

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FOR SALE
Property Type:
Multi Tenant Office
Amount:
$1,614,100
Last Verified:
Aug 03, 2017

Highlights

  • Four level townhouse includes 12 offices, a conference room, full kitchen, storage room, wet bar, 3 bathrooms, 2 showers
  • Fee simple ownership. This is not a condominium
  • Combination of private offices and open design/team spaces
  • Ideal for an association, creative agency, or consulting group
  • Highlights include built-in bookshelves, fireplace, 3rd-floor balcony, multiple entrances
  • Space can be divided into two suites: lower level & 1st floor (3,349sf), and 2nd & 3rd floors (1,943sf)
  • Lower level has private entrance
  • 10 reserved, free parking spaces outside the door
  • Very low association fee ($1,600/yr) includes landscaping, snow removal, parking lot maintenance
  • 2017 RE tax: $15,755

Description

Available immediately, this contemporary townhouse office space is conveniently located within walking distance of all of Old Town's amenities while providing free and reserved parking. Instant access to the Capital Beltway and Route 1. The property has a mix of open and closed wall offices, lots of natural light, full kitchen, and showers for employees who ride to work or run at lunch time.

Available immediately, this contemporary townhouse office space is conveniently located in walking distance of all of Old Town's amenities while providing free and reserved parking with instant access to the Capital Beltway. The property has a mix of open and closed wall offices, lots of natural light, full kitchen and a shower for employees that ride to work or like to run at lunch time. There are no trade-offs with a property like this.

Easy Access to the Capital Beltway, National Airport, Fort Belvoir
King Street Metro Station only 0.6 miles
Close Proximity to US PTO and future National Science Foundation


Year Built: 1984
Building Size: 5292.0sq ft
Building Class: C
Lot Size: 0.11 acres

Map of 1020 Duke Street, Alexandria, VA, 22314

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.