300 N. Patrick Street, Alexandria, VA, 22314

Highlights

• One Retail Tenant
• Eight (8) single bedrooms supported by 2 shared bathrooms. No kitchens.
• Tenants pay monthly rent via app.
• Retail Tenant reimburses Owner for utlities, real estate taxes, insurance (CAM)
• 2 - separate HVAC systems for retail and residential serviced in 2025.
• Electricity and water have separate meters
• Private trash collection service paid by owner.
• Coin-operated laundry machines on site.
• Owner pays for twice-weekly cleaning of residential areas.
• Roofing: It is a metal roof. It was last repaired (minor leak) in Spring 2023. There is no warranty in place.
• Fire and Life Safety: Smoke detectors are installed throughout as per code.

Description

Here is a unique opportunity to own the last operating Boarding House in Old Town Alexandria. This beautiful building nestled in the heart of historic Old Town Alexandria consists 8 single-room, residential tenants overtop of a successful beauty services salon. Phenomenal location, just blocks to King St. Minutes to the capital beltway and Amazon HQ2. Located on a high-visibility corner with 3 points of access. Ground floor retail space is 1,611 sf available. This property offers the opportunity for a new owner to convert to traditional residential units for Airbnb.

The commercial space occupies the main level at 300 N. Patrick Street in Alexandria, VA (1,323 square feet). The current tenant is operating on a triple net lease that is renewed on an annual basis. The monthly rent increases 3 percent each year (next increase is scheduled for April 2026). The current tenant is in good standing and has operated a successful microblading salon business in the property since January 2020.

The boarding house occupies the entire upper level of the property directly above the commercial space (the address, however, is 1001 Queen Street). There are 8 sleeping rooms and 2 full bathrooms on the upper level. The tenants all have signed month-to-month leases. The landlord pays all utilities and other expenses for the boarding house. There is also a fenced-in outdoor space that is approximately 200 square feet, as well as a small utility room on the main level. There are laundry facilities available for tenants under the stairs leading to the boarding house.

Discover the vibrant neighborhood surrounding this prime office building location in Alexandria, VA. The area boasts a rich historical legacy and a bustling waterfront filled with upscale restaurants, boutique shops, and cultural attractions. Positioned just minutes from the property, King Street offers an array of dining and entertainment options, while the nearby Torpedo Factory Art Center provides a unique artistic experience. The area is also home to a thriving business community and offers easy access to major transportation hubs. With its blend of historic charm and modern conveniences, this location presents an enticing opportunity for office building investors seeking a dynamic urban environment.

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