301 Franklin
Market Price
301 Franklin Street, Alexandria, VA 22314
2,229 sqft
Building Size
0.0331 acres
Lot Area
Details:
Description:
Office Suite; 2 rooms; bathroom with shower; second floor.
The offering at 301 Franklin Street consists of a 200-square-foot professional suite located on the second floor of a beautifully maintained 1920s colonial structure. Positioned as a "turnkey" solution for solo practitioners or satellite offices, the lease is offered at a competitive monthly rate of $1,500. This is structured as a Full Service agreement, a high-value arrangement for the tenant that mitigates the unpredictable maintenance costs often associated with historic properties. Under these terms, the landlord assumes responsibility for real estate taxes, building insurance, utilities, and common area maintenance.
Old Town Alexandria Economic Foundation
Old Town Alexandria represents one of the Washington, D.C. metropolitan area's most economically stable and strategically positioned commercial submarkets. With a population exceeding 160,000 and median household incomes approaching $120,000, the submarket benefits from exceptional demographics combined with robust tourism generating over 3 million annual visitors to its historic waterfront and King Street corridor. The area's economic resilience stems from its strategic positioning between major employment centers including downtown Washington D.C., the Pentagon, and Amazon's HQ2 expansion in National Landing, creating a diverse tenant base spanning federal contractors, technology firms, professional services, and hospitality operators. This proximity to the nation's capital, combined with Reagan National Airport access and the King Street Metro station, ensures consistent demand for quality commercial space from both local businesses and regional enterprises seeking a prestigious Alexandria address.
Franklin Street Corridor Positioning
Franklin Street functions as a highly accessible secondary commercial corridor within Old Town Alexandria, positioned strategically between the King Street Metro station and the Potomac River waterfront. This east-west arterial offers tenants the coveted Old Town Alexandria address while avoiding the premium rents and congestion associated with King Street's primary retail corridor. The immediate area benefits from strong pedestrian activity generated by surrounding residential density and tourist overflow, while maintaining practical advantages including on-street parking availability and efficient connectivity to major transportation arteries. Located approximately 0.4 miles from the King Street Metro station, 1.2 miles from the George Washington Memorial Parkway, and 1.5 miles from I-395, Franklin Street provides optimal accessibility for both transit-oriented employees and clients requiring regional connectivity throughout Northern Virginia and the greater Washington metropolitan area.
301 Franklin Street Strategic Advantages
301 Franklin Street occupies a prime mid-block position along this established commercial corridor, delivering the rare combination of Old Town Alexandria prestige with practical operational benefits that today's commercial tenants demand. The property provides excellent visibility to both vehicular and pedestrian traffic while benefiting from Franklin Street's more moderate traffic patterns compared to King Street's congested retail environment. Surrounded by a stable mix of professional services, established businesses, and high-end residential neighborhoods, the location offers immediate access to Old Town's complete amenity base including restaurants, banking, retail, and services within a walkable environment. For businesses requiring both local market presence and regional accessibility, 301 Franklin Street represents an exceptional opportunity to secure a foothold in a supply-constrained submarket where quality commercial assets rarely become available, ensuring long-term value appreciation and operational advantages for discerning tenants.
1 Space Available
301 Franklin Street Unknown Sub Type
Documents:
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| Offering Memorandum |
Location
Gallery