$1,999,999

Prime 1.39-Acre Residential Development Opportunity in Alexandria! A rare find in the heart of Fairfax County, this expansive 1.4-acre double-lot assemblage (consisting of 3509 and 3505 Franconia Rd) offers unparalleled potential for builders, developers, or investors looking to capitalize on low Northern Virginia inventory. Development Potential: * By-Right Potential: Zoned R-2, the property currently allows for detached single-family dwellings. With 60,000+ square feet of land, a subdivision into multiple premium lots is a high-value path. * Density Play: Strategically located near existing high-density and townhouse communities. Initial feasibility studies suggest the possibility of a larger townhouse footprint (up to 21 units) with a successful rezoning application. * Value-Add Strategy: "Build three, sell two—live for free!" Or, develop a private luxury enclave minutes from the city. Utilities & Site Features: * Ready to Build: Electric, natural gas, public water, and public sewer are all available at the property. * Land Value Only: An existing structure remains on the property but is not habitable and conveys strictly AS-IS. The value is entirely in the land and the location. * Topography: Relatively level and manageable acreage, making it an "easy build" compared to more rugged NoVa lots. Unbeatable Location: Positioned along the high-visibility Franconia Road corridor, this site offers immediate access to I-495/395/95. Commuters are minutes from the Franconia-Springfield Metro, Old Town Alexandria, and Kingstowne Center. Enjoy close proximity to top-tier Fairfax County schools, shopping, and dining. Take advantage of this rare opportunity to secure significant acreage in one of the most sought-after zip codes in the DC Metro area. Assemblage includes Tax IDs: 0822 01 0046 and 0822 01 0046A.