110 S Pitt St
110 S Pitt St | Alexandria, VA 22314-3126, US
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description
Presenting an exceptional opportunity, 110 S. Pitt Street is a historic 10, 112-square-foot mixed-use property located in the heart of Old Town Alexandria, one of the Washington, D.C. region’s most coveted submarkets. Originally built in 1850, this timeless asset blends Old Town’s architectural charm with modern functionality and strong income potential. The property features a thriving upscale restaurant occupying 5, 056 square feet on the ground floor, complemented by four multifamily units on the second level. Of these residential units, one is leased to a long-term tenant, two operate as successful Airbnb rentals, and one is currently available—offering flexibility and immediate upside potential. Zoned CD (Commercial Downtown), the property allows for a variety of commercial and residential uses, catering to both owner-operators and investors seeking a rare, income-producing opportunity in a premier location. With its diverse revenue streams, historic appeal, and prime positioning within the Washington, D.C. metro area, this asset represents a truly unique addition to any real estate portfolio.
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The property is centrally located in the heart of Old Town Alexandria, one of the Washington, D.C. metro area’s most desirable and dynamic mixed-use corridors. The area seamlessly blends retail, office, dining, and residential uses while preserving its distinctive historic charm. Positioned just steps from King Street at the intersection of King and S. Pitt Streets, the asset enjoys exceptional visibility, walkability, and accessibility. The surrounding trade area is anchored by a dense mix of national and credit retailers, including Whole Foods, Wegmans, Trader Joe’s, Harris Teeter, Lululemon, Anthropologie, Athleta, Capitol One Bank and Chase Bank. Old Town’s steady tourism, strong hospitality sector, and year-round events drive reliable consumer traffic, while its highly walkable urban design attracts consistent foot traffic from nearby hotels, offices, and residential developments. The property is conveniently located less than 2 miles from Interstate 495, which sees over 200, 000 vehicles daily. The immediate trade area boasts an affluent and dense demographic profile, with over 27, 300 residents within a one-mile radius, and an average household income exceeding $203, 500.