216 S Peyton St, Alexandria, VA, 22314

216 S Peyton St Alexandria, VA 22314

Alexandria
FOR SALE
Property Type:
Schools/Education
Amount:
$3,600,000
Last Verified:
Dec 20, 2024

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Highlights

  • Prime Location: 216 S Peyton Street, Alexandria, VA 22314 – a property in a thriving urban environment with proximity to major transportation hubs.
  • Current Use & Zoning: Leased to Alexandria Public Schools (short-term), zoned CD (Commercial Downtown), ideal for early education use.
  • Property Features: Private surface parking lot and a well-maintained two-story building with flexible classroom and office space.
  • Building Size & Lot Size: 11,238 SF building on a 0.067-acre lot, offering adaptability for educational operations.
  • Affluent Market: Median household income of $113,638, with 66.1% of residents holding a bachelor’s degree or higher.
  • Growing Population: Alexandria's population grew 14% from 2010 (139,966) to 2020 (159,467), indicating strong demand for educational services.

Description

Serafin Real Estate, exclusively representing the seller, is proud to present 216 S Peyton Street, Alexandria, VA 22314 available for purchase. This versatile 11,238 SF property, currently leased to Alexandria Public Schools on a short-term basis, presents a prime opportunity for early education use. Strategically located in the heart of Alexandria, the property benefits from a thriving urban environment, proximity to major transportation hubs, and a dense, high-income population base.

Zoned CD (Commercial Downtown), this two-story building features adaptable space ideal for educational purposes, with multiple classrooms, administrative offices, and common areas. Additional features include a private surface parking lot and a well-maintained building overall.

Alexandria City, Virginia, is a vibrant economic hub with a flourishing business environment, driven by its strategic location near Washington, D.C., and a diverse, high-income population. The city’s economy benefits from a well-educated workforce, a strong presence of government contractors, tech firms, and service-oriented businesses. Alexandria’s proximity to major federal agencies, combined with access to top-tier infrastructure, positions it as a highly attractive location for businesses seeking proximity to the nation’s capital without the overhead of downtown D.C.

Commercial real estate in Alexandria is thriving, with high demand across office, retail, and mixed-use spaces. Recent years have seen notable investments in redevelopment projects, especially in areas like the Carlyle and Potomac Yard neighborhoods, which are transforming into bustling commercial districts. The Potomac Yard Metro expansion is set to further enhance connectivity, boosting property values and opening up new opportunities for retail and office spaces.

Alexandria’s economic base is supported by a high median income, contributing to strong consumer spending power and creating a favorable climate for retail growth. The city also actively fosters business-friendly policies, offering incentives and support for both new ventures and expanding companies. This commitment to growth and innovation, paired with the city’s rich historical appeal, makes Alexandria an ideal environment for commercial real estate investment and long-term business success.


Year Built: 1950
Building Size: 11238sq ft
Building Class: C
Lot Size: 0.07 acres


Documents

Offering Memorandum

Map of 216 S Peyton St, 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.