Covered Land Play: 619-625 Burnside Place | Alexandria, VA
Multifamily | 1 Unit
Marketing description
SAB Capital is pleased to present 619-625 Burnside Place, a premier covered land play strategically located within Alexandria’s Eisenhower West Small Area Plan. This long-term redevelopment opportunity is currently occupied by Caliber Collision and Alexandria Waste Recovery on net leases with annual escalations, offering stable interim cash flow while providing significant upside potential in the long term.
The ongoing revitalization of Alexandria’s Eisenhower West is transforming the area into a dynamic, transit-oriented community that integrates several key elements:
✅ Multifamily & Townhouse Residential – Addressing the city’s growing demand for housing.
✅ Retail & Office Space – Enhancing local amenities and creating new employment centers.
✅ Production, Wholesale & Repair (PWR) Uses – Supporting innovation and fostering small business growth.
✅ Institutional & Mixed-Use Development – Complementing Alexandria’s evolving economic landscape.
This highly strategic site is situated along Backlick Run, a vital environmental and recreational corridor being revitalized by the city to enhance green space, improve pedestrian access, and increase connectivity. The property enjoys unobstructed views and benefits from its prime location near Interstates 95, 395, and 495, providing excellent accessibility to regional transportation networks. In addition, the site is in close proximity to ongoing and future development, positioning it as a cornerstone location in Alexandria’s transformative revitalization. This offers a unique opportunity for growth and investment within the city’s evolving district.
Alexandria’s Eisenhower West is experiencing a transformative redevelopment, driven by strategic growth initiatives and robust municipal support. The area is transit-oriented, with direct access to the Van Dorn Metrorail Station, ensuring seamless connectivity for residents and businesses. To further enhance accessibility, the city is redesigning the street grid, improving infrastructure for pedestrians, cyclists, and vehicles. Additionally, the city is offering aggressive financial and zoning incentives to encourage redevelopment, making this an opportune time for investment. With residential and retail demand steadily growing, Alexandria’s Planning & Zoning Department has highlighted that industrial properties will face increasing redevelopment pressure, accelerating their transition into higher-value mixed-use properties that align with the city’s long-term vision.
619-625 Burnside Place presents a rare assemblage opportunity with the potential for high-density, mixed-use redevelopment that aligns with Alexandria’s master plan. As Eisenhower West evolves into a high-value district, investors and developers have a unique opportunity to capitalize on Alexandria’s strong growth trajectory and long-term vision for the area.
Investment highlights
- Prime Covered Land Play – Stable income from Caliber Collision and Alexandria Waste Recovery on net leases with annual escalations, providing cash flow while awaiting redevelopment.
- Strategic Location – Situated within Alexandria’s Eisenhower West Small Area Plan, a high-growth district undergoing a major revitalization to create a mixed-use, transit-oriented community.
- Transit-Oriented Development (TOD) Opportunity – Direct access to the Van Dorn Metrorail Station, enhancing connectivity and demand for future residential, office, and retail uses.
- Major Infrastructure Enhancements – Alexandria is redesigning the street grid to improve pedestrian, cyclist, and vehicle accessibility, further elevating the site’s desirability.
- Expanding Open Space & Greenways – Sits along Backlick Run, which is undergoing a city-led revitalization, creating unobstructed views and a unique development advantage.
- Aggressive Incentives for Developers – The City of Alexandria is offering financial and zoning incentives to encourage large-scale redevelopment in this district.
- Market-Driven Evolution – With growing residential and retail demand, the City’s Planning & Zoning Department anticipates increasing redevelopment pressure on industrial properties, accelerating their transition into higher-value mixed-use developments.
- Scalable Development Potential – Positioned for large-scale vertical development, with the opportunity to incorporate multifamily, office, retail, and Production, Wholesale & Repair (PWR) uses, aligning with the city’s long-term growth vision.
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