1502-1504 King Street is a rare investment opportunity along King Street, the heart of Old Town Alexandria’s premier retail corridor — a market where retail rents routinely command $50–$60 PSF NNN.
The property is fully leased to two established tenants: a restaurant operating under a long-term lease, and a window and door showroom occupying a prominent corner unit through Summer 2029. The corner space is materially under-market and projected to capture approximately 150% more rent upon rollover, offering a clear and near-term path to outsized NOI growth.
With major new mixed-use developments reshaping the 1300 and 1500 blocks of King Street, this is a rare chance to acquire an irreplaceable retail asset in one of Northern Virginia’s most coveted submarkets.