Special Purpose School Building Sale in Old Town Alexandria at 216 S Peyton Street for $2,950,000

Successful Sale of 216 S Peyton Street, Alexandria, VA

Joe Serafin and the team at Serafin Real Estate successfully brokered the sale of 216 S Peyton Street, a prime commercial building located in the heart of Old Town Alexandria.

The property, utilized as an educational facility, was acquired by an owner-user, ensuring its continued contribution to the community.

Owner-User Opportunity in Old Town

The transaction highlights the robust demand for owner-user opportunities in Alexandria City, a vibrant economic hub driven by its strategic location near Washington, D.C.. Assets in this corridor benefit from a thriving urban environment and proximity to major transportation hubs, including the King Street Metro. This sale illustrates the strong market appetite for versatile, well-located buildings that allow organizations to secure a permanent footprint in high-barrier-to-entry markets.

Sale Details: $2.95M Transaction

The sale closed on November 24, 2025, at a price of $2,950,000, which equates to approximately $262.50 per square foot. The asset was exclusively represented by Serafin Real Estate.

Sale Highlights:

• • Sale Price: $2,950,000

• • Price per SF: $262.50

• • Buyer: Melwood

• • Asset Class: Special Purpose / Office

• • Date Closed: November 24, 2025

• • Zoning: CD (Commercial Downtown)

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Property Overview: 216 S Peyton Street, Alexandria, VA

This versatile two-story building features 11,238 square feet of adaptable space situated on a 0.067-acre lot. Originally built in 1950 and renovated in 2000, the property features a private surface parking lot and a well-maintained structure. The interior buildout, used by Alexandria City Public Schools, offers flexible classroom and office space, making it an ideal fit for the new owner-user’s operational needs.

Property Specifications:

• • Full Address: 216 S Peyton Street, Alexandria, VA 22314

• • Total Building SF: 11,238 square feet

• • Floors: 3

• • Zoning: CD (Commercial Downtown)

• • Parking: Private surface parking lot

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Investment Highlights: Strategic Location & Versatility

216 S Peyton Street presented a rare opportunity to acquire a standalone building in the prestigious Old Town submarket.

Investment Highlights Include:

• • Prime Connectivity: Situated in a thriving urban environment with proximity to major transportation hubs.

• • Adaptable Zoning: Zoned CD (Commercial Downtown), supporting a variety of uses including educational and administrative operations.

• • Affluent Demographics: Located in a market with a median household income of $113,638, where 66.1% of residents hold a bachelor’s degree or higher.

• • Functional Layout: Features multiple classrooms, administrative offices, and common areas, facilitating a smooth transition for the new owner.

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Market Strategy and Positioning: Targeted Owner-User Approach

Serafin Real Estate marketed 216 S Peyton Street by emphasizing its “versatile” nature and “prime location” within Alexandria. By highlighting the property’s existing buildout—ideal for educational or non-profit use—the team successfully identified a strategic owner-user, Melwood.

The marketing campaign showcased the building’s “adaptability for educational operations” and its position within a “growing population” center, which grew 14% between 2010 and 2020. This targeted approach ensured the property was matched with a buyer capable of utilizing the asset to its full potential.

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Neighborhood Overview: Old Town Alexandria

Alexandria City is a “vibrant economic hub” benefiting from a well-educated workforce and a strong presence of government contractors and service-oriented businesses. The area surrounding 216 S Peyton Street offers a rich blend of history and modern amenities.

Nearby Attractions:

• • Transit Access: Close proximity to the King Street-Old Town Metro station.

• • Retail Anchors: Walking distance to Whole Foods Market and various dining options like Joe Theismann’s Restaurant.

• • Community Landmarks: Near the African American Heritage Memorial Park and The George Washington Masonic National Memorial.

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Conclusion: Continued Success in Northern Virginia

The sale of 216 S Peyton Street to Melwood underscores Serafin Real Estate’s expertise in navigating the Northern Virginia commercial market. With over $704 million in closed transactions, Joe Serafin and his team continue to deliver exceptional results for clients in Loudoun, Fairfax, and Alexandria.

 

Learn More About Northern Virginia Commercial Real Estate

Explore our website to discover amazing Northern Virginia real estate deals and Success Stories from here and the surrounding area.

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Frequently Asked Questions (FAQs)

Q1: What type of property is 216 S Peyton Street? It is an 11,238 square foot, three-story building zoned CD (Commercial Downtown), previously utilized as a school and suitable for office or special purpose use.

Q2: What was the sale price and price per square foot? The property sold for $2,950,000, equating to approximately $262.50 per square foot.

Q3: Who purchased the property? The property was acquired by Melwood, a non-profit organization, who intends to occupy the building as an owner-user.

Q4: Why was this property attractive to an owner-user? Its “adaptable space,” private parking, and location in a “thriving urban environment” made it an ideal candidate for an organization seeking a permanent, accessible headquarters or facility.

Q5: What role did Serafin Real Estate play? Joe Serafin, the Owner and Principal Broker, and his team exclusively represented the seller in this transaction, leveraging nearly two decades of experience to structure a successful deal.

Q6: How does the location support the new owner’s mission? The property is located in a high-density, accessible area with “proximity to major transportation hubs,” ensuring ease of access for staff, clients, and the community.