Looking for Alexandria commercial real estate for sale? Alexandria, Virginia, offers a unique and vibrant market for commercial investments. This historic city, with its mix of charming old-town architecture and modern business facilities, provides a perfect blend of opportunities for entrepreneurs and investors alike.
- Average Price: Alexandria commercial properties range broadly in price, catering to various budget levels.
- Types of Properties: Options include office spaces, retail units, industrial warehouses, and development land.
- Market Insights: Stay updated with current listings and market trends to make informed decisions.
Brexton Commercial is your go-to partner for navigating this dynamic market. Our expert team understands the local nuances and has a proven track record of successful transactions. Whether you’re looking to buy, sell, or lease property, we guide you every step of the way, ensuring your investments yield the best returns.
Why Choose Alexandria for Commercial Real Estate?
Alexandria, MN, is a prime location for commercial real estate investments, offering a unique blend of scenic beauty and economic growth. Here's why this vibrant town stands out:
A Resort Town with a Thriving Industrial Sector
Alexandria is renowned for its picturesque lakes and outdoor activities. The town's motto, "Easy to get to...Hard to leave," speaks volumes about its charm. Visitors often find themselves drawn to its natural beauty and decide to make it their permanent home. This influx of residents boosts the local economy and creates a demand for various commercial properties.
But Alexandria isn't just a resort town. It boasts a fast-growing industrial sector. The town has a range of industrial properties, from small manufacturing plants to large warehouses and distribution centers. These properties support key industries like agriculture, manufacturing, and transportation, providing essential services and products to local and regional markets.
Demographics and Economics
Understanding the demographics and economic landscape is crucial when investing in commercial real estate. Here are some key figures:
- Population: 18,811 (2015 estimate)
- Median Age: 45
- Median Household Income: $38,760
- Real Estate Tax to Income: 2.9%
- Expense to Income: 81.6%
- Vacant to Total Housing Units: 15.1%
These figures indicate a stable and mature population with a moderate income level. The relatively low real estate tax to income ratio makes Alexandria an attractive place for property investments.
Economic Growth and Job Market
Alexandria's economy is diverse and growing. The town's industrial sector plays a significant role in this growth, with well-maintained and modern facilities that attract businesses. The healthcare, education, and manufacturing sectors are also expanding, creating job opportunities and supporting the local economy.
Quality of Life
Alexandria offers a high quality of life, making it an ideal place for individuals and families. The town provides a variety of housing options, including multi-family properties like apartments, duplexes, and townhouses. These properties offer shared amenities and a sense of community, contributing to the overall appeal of living in Alexandria.
In summary, Alexandria's unique combination of natural beauty, economic growth, and quality of life makes it an excellent choice for commercial real estate investments. Whether you're looking for industrial properties, multi-family units, or mixed-use spaces, Alexandria has something to offer.
Types of Commercial Properties Available
When it comes to Alexandria commercial real estate for sale, the town offers a wide variety of property types to suit different business needs. Here's a breakdown of the main types of commercial properties you can find:
Office Spaces
Office spaces in Alexandria range from small, single-room offices to large, multi-floor buildings. These properties are often located in accessible areas, close to downtown or major transportation routes. Modern office buildings come equipped with amenities like high-speed internet, conference rooms, and ample parking. For example, properties like the ones on Sparta St and S Chancery St in McMinnville offer easy access to town centers, making them attractive for businesses.
Warehouses
Warehouses are a critical part of Alexandria's industrial sector. These properties are typically situated on the outskirts of the city, near major highways to facilitate transportation. They range in size from small storage units to expansive distribution centers. Warehouses in Alexandria are often well-maintained and equipped with modern facilities, making them ideal for logistics, storage, and manufacturing businesses.
Retail Spaces
Retail spaces in Alexandria cater to a variety of business types, from boutique shops to large commercial stores. These properties are often located in high-traffic areas like downtown or shopping centers. For instance, the historic King Street in Old Town Alexandria offers charming retail spaces that attract both tourists and locals. Modern developments like those on Eisenhower East provide contemporary retail spaces with up-to-date amenities.
Industrial Properties
Industrial properties are a significant part of Alexandria's commercial real estate landscape. These properties support industries such as agriculture, manufacturing, and transportation. They include small manufacturing plants, large warehouses, and distribution centers. Alexandria's industrial properties are known for being well-maintained and equipped with modern facilities, making them attractive to businesses looking to establish a presence in the area.
Land for Development
For those looking to build from the ground up, land for development is also available in Alexandria. These plots range from small parcels suitable for single buildings to large tracts of land ideal for multi-use developments. The availability of land for development provides opportunities for investors to create custom properties custom to their specific needs, whether it's for industrial, residential, or commercial use.
Each type of commercial property in Alexandria offers unique advantages, whether you're looking for ready-to-use office spaces or land to develop your dream project. The town's diverse real estate options make it an attractive destination for a wide range of businesses and investors.
Key Factors to Consider When Buying Commercial Real Estate
When you're looking at Alexandria commercial real estate for sale, there are several key factors to keep in mind to ensure you make a wise investment. Let's break down the most important ones:
Location
Location is crucial in real estate. The best properties are often near downtown areas or major transportation routes. This makes them accessible and attractive to tenants. For example, mixed-use properties in downtown Alexandria offer easy access to amenities and services, reducing commute times and increasing convenience.
Proximity to public transportation is also a big plus. Properties near bus stops, train stations, or major highways can attract more tenants and clients.
Property Condition
The condition of the building can significantly impact maintenance costs and tenant satisfaction. Look for properties with updated infrastructure like modern HVAC systems and electrical wiring. For instance, properties like those on Sparta St with a 200 Amp Breaker Box are more desirable due to their updated electrical systems.
Amenities such as parking facilities, conference rooms, and modern office spaces can add significant value. A property with ample parking, for example, can be a major advantage.
Zoning Laws
Zoning laws determine what types of businesses can operate in a building. Properties zoned for commercial use (C2) are generally suitable for a wide range of businesses, while those zoned for residential or mixed-use (R4) offer more flexibility. Make sure the property you're interested in complies with local zoning regulations.
Market Trends
Understanding market trends is essential. Look at the median sold price, days on market, and recent sales in the area. For example, properties in Alexandria have a median sold price that reflects the local market's health. Keeping an eye on these trends can help you gauge the investment potential of a property.
Investment Potential
Lastly, consider the investment potential. Look at the local market trends and future development plans in the area. Properties in growing markets can offer significant appreciation over time. For instance, the thriving industrial sector in Alexandria supports various industries, making it a lucrative market for investors.
By focusing on these key factors, you can make a more informed decision when buying Alexandria commercial real estate for sale.
Next, we'll dive into the current listings and property details to help you find the perfect commercial property in Alexandria.
Alexandria Commercial Real Estate for Sale
If you're in the market for Alexandria commercial real estate for sale, you'll find a variety of options to suit your needs. Let's explore the current listings, property details, price ranges, market trends, and days on market.
Current Listings and Property Details
As of September 13, 2024, there are 35 active commercial real estate listings in Alexandria, MN. These properties vary in type, including office buildings, retail spaces, industrial properties, and mixed-use developments.
- Office Buildings: Typically located downtown, close to amenities like shops and restaurants. They range from modern high-rises to historic buildings.
- Retail Spaces: Found in downtown areas, shopping centers, and strip malls. They vary from small boutiques to large national chain stores.
- Industrial Properties: Usually on the outskirts of the city, near major transportation routes. They include manufacturing plants, warehouses, and distribution centers.
- Mixed-Use Properties: Combine retail, office, and residential spaces, mostly in urban areas, offering a dynamic environment.
Price Range
The average listing price for commercial properties in Alexandria is $528,562. Here's a breakdown of the price range:
- Lowest Price: $6
- Highest Price: $4,300,000
- Average Price/SQFT: $81
These prices reflect the diversity of properties available, from small retail spaces to large industrial complexes.
Market Trends
Understanding market trends can help you make an informed decision. Here are some key statistics:
- Average Listing Price: $528,562
- Average Price/SQFT: $81
- Total Listings: 35 active listings
These trends indicate a healthy market with a range of options for different budgets and needs.
Days on Market
Commercial properties in Alexandria have varying days on market, influenced by factors like property type, location, and condition. On average, properties stay on the market for a reasonable period, reflecting a balanced market where both buyers and sellers have opportunities.
By keeping these details in mind, you can better steer the market for Alexandria commercial real estate for sale. Next, we'll explore the top neighborhoods in Alexandria to help you find the ideal location for your investment.
Top Neighborhoods for Commercial Real Estate in Alexandria
When looking for Alexandria commercial real estate for sale, consider the neighborhood. Each area offers unique benefits and opportunities. Here are the top neighborhoods to explore:
Downtown Alexandria
Downtown Alexandria is the heart of the city and a hub for business and commerce. It's home to several office buildings, retail spaces, and mixed-use properties.
- Office Buildings: These are typically located close to amenities like shops and restaurants, making them convenient for employees and clients.
- Retail Spaces: From small boutiques to large national chain stores, downtown offers a variety of retail options.
- Mixed-Use Properties: These combine retail, office, and residential spaces, creating a vibrant urban environment.
Del Ray
Del Ray is known for its charming, community-focused atmosphere. It's an excellent location for small businesses and boutiques.
- Retail Spaces: Del Ray offers a mix of independent shops and local eateries, attracting both locals and tourists.
- Office Spaces: Small to medium-sized office buildings are common, providing a cozy yet professional environment.
Eisenhower Valley
Eisenhower Valley is a rapidly developing area with a focus on modern infrastructure and accessibility.
- Industrial Properties: This area is ideal for warehouses and distribution centers due to its proximity to major transportation routes.
- Office Spaces: Eisenhower Valley features modern office buildings with amenities like parking and high-speed internet.
Old Town
Old Town Alexandria is known for its historic charm and high foot traffic, making it a prime location for retail businesses.
- Historic Buildings: Properties like 421 King Street offer a unique ambiance that attracts both locals and tourists.
- Retail Spaces: High visibility and steady customer flow make Old Town ideal for retail businesses.
- Office Spaces: Historic office buildings provide a prestigious address and a distinctive working environment.
West End
West End is a diverse and growing area, offering a mix of residential, commercial, and industrial properties.
- Industrial Properties: The outskirts of West End are perfect for manufacturing plants and warehouses.
- Retail and Office Spaces: Shopping centers and strip malls are common, providing ample opportunities for businesses of all sizes.
By understanding the unique characteristics of each neighborhood, you can better steer the market for Alexandria commercial real estate for sale and find the perfect location for your business.
Next, we'll answer some frequently asked questions about commercial real estate in Alexandria to help you make an informed decision.
Frequently Asked Questions about Alexandria Commercial Real Estate for Sale
What is the average price of commercial properties in Alexandria?
The average price of commercial properties in Alexandria, MN, is $528,562. Prices can range significantly based on location, property type, and size. For instance, the highest-priced commercial property is listed at $4,300,000, while the lowest-priced property can be purchased for just $6. This wide range reflects the diverse opportunities available, from small retail spaces to large industrial properties.
How long do commercial properties stay on the market in Alexandria?
Commercial properties in Alexandria typically spend a varying number of days on the market, depending on factors like location, property condition, and market demand. While specific average days on market data isn't provided, understanding the local market trends and working with knowledgeable agents can help you gauge the time it might take to sell or purchase a property.
What are the best areas to invest in commercial real estate in Alexandria?
Several neighborhoods in Alexandria stand out for commercial real estate investment:
- Downtown Alexandria: The heart of business and commerce, ideal for office buildings, retail spaces, and mixed-use properties.
- Del Ray: Known for its community-focused atmosphere, perfect for small businesses and boutiques.
- Eisenhower Valley: A rapidly developing area with industrial properties and modern office spaces.
- Old Town: Historic charm and high foot traffic make it prime for retail businesses and prestigious office locations.
- West End: Diverse and growing, offering a mix of residential, commercial, and industrial properties.
Each area offers unique benefits, so consider what aligns best with your business needs and goals.
By understanding these key aspects, you can make informed decisions when exploring Alexandria commercial real estate for sale.
Next, we'll dive into the conclusion and how Brexton Commercial can assist you in finding the perfect property.
Conclusion
At Brexton Commercial, we pride ourselves on offering personalized service custom to meet your specific needs. Whether you're looking to buy, sell, or lease commercial real estate in Alexandria, our team of experts is here to guide you through every step of the process.
Personalized Service
We understand that each client is unique, and so are their real estate needs. Our hands-on approach ensures that we take the time to understand your business goals and investment objectives. This allows us to provide customized solutions that align perfectly with your vision.
Exclusive Brokerage Representation
Our exclusive brokerage representation means you get dedicated attention from experienced agents who are committed to your success. We leverage our local market knowledge and industry expertise to negotiate the best terms for you, ensuring that your investment is both profitable and sustainable.
Investment Advisory
Navigating the complexities of commercial real estate investment can be challenging. That's why we offer comprehensive investment advisory services. Our advisors are skilled in market and financial evaluations, asset counseling, and strategic planning. We help you make informed decisions that maximize the value of your investment.
Hands-On Approach
From the initial consultation to the final transaction, we are with you every step of the way. Our hands-on approach means we are actively involved in every aspect of your real estate journey. We believe in building long-term relationships with our clients, providing ongoing support and guidance as your business grows.
Ready to find the perfect commercial property in Alexandria? Contact us today and let Brexton Commercial help you achieve your real estate goals.
By choosing Brexton Commercial, you're not just getting a real estate agent; you're gaining a partner dedicated to your success.
