1212 King Street

Located in the heart of Old Town Alexandria’s vibrant King Street Retail (KR) district, 1224 Prince Street sits just steps from boutique shops, award-winning restaurants, and historic landmarks. This highly walkable area is known for its charming brick sidewalks, steady foot traffic, and strong community presence, making it a coveted location for both residents and businesses. With immediate access to public transit, major roadways, and the waterfront, the property benefits from excellent visibility and accessibility. The surrounding neighborhood blends timeless character with urban convenience, offering a dynamic setting for long-term investment.This exceptional mixed-use property in the heart of the King Street Retail (KR) district offers a rare investment opportunity with a 6% cap rate and over 4,400 square feet of gross building area. The building features three units: a fully leased 1,560 SF retail space currently occupied by AR Workshop, a leased 3-bedroom/2-bath residential apartment, and a second residential unit with its own legal address (113 Commerce Street), currently vacant and in shell condition, offering value-add potential. The retail tenant pays a share of water/sewer, 35% of taxes and insurance, and has a personal guaranty in place—making this a stable income generator. Built in 1900, this historic property sits on a 2,360 SF lot and includes off-street parking and basement storage, all within a prime, walkable retail corridor.