Serafin Real Estate brokered the $2.95 million sale of an 11,238-square-foot educational facility at 216 S Peyton Street in Old Town Alexandria to non-profit Melwood, delivering a turnkey owner-user opportunity in a high-barrier market and underscoring sustained demand for transit-connected, community-focused assets across Alexandria City.
-- Serafin Real Estate is pleased to announce the successful sale of 216 S Peyton Street, a prime commercial building located in the heart of Old Town Alexandria. The asset was acquired by Melwood, a leading non-profit organization, for $2,950,000.
Joe Serafin and the team at Serafin Real Estate exclusively represented the seller in the transaction, which closed on November 24, 2025.
Strategic Owner-User Acquisition
The sale highlights the continued robust demand for owner-user opportunities in Alexandria City. Melwood’s acquisition of the property ensures that this versatile facility will continue to serve a community-oriented purpose. The building, utilized by Alexandria City Public Schools, offered a rare "plug-and-play" opportunity for an organization seeking a permanent footprint in a high-barrier-to-entry market.
"This transaction represents the resilience and appeal of the Old Town market," said Joe Serafin, Owner and Founder of Serafin Real Estate. "By highlighting the property's adaptable zoning and existing educational buildout, we were able to identify the perfect owner-user. We are thrilled to see a reputable organization like Melwood secure this strategic location to further their mission."
Transaction Highlights
● Sale Price: $2,950,000
● Price Per SF: ~$262.50
● Buyer: Melwood
● Asset Class: Special Purpose / Education
● Zoning: CD (Commercial Downtown)
Property Overview & Fit
Situated on a 0.067-acre lot, the three-story building comprises 11,238 square feet of adaptable space. Originally built in 1950 and renovated in 2000, the facility features private surface parking—a coveted amenity in Old Town—and a functional layout including classrooms and administrative offices.
The property’s location was a key driver in the acquisition. 216 S Peyton Street benefits from:
● Transit Connectivity: Proximity to the King Street-Old Town Metro station.
● Walkability: Walking distance to Whole Foods Market, Joe Theismann’s Restaurant, and other retail anchors.
● Demographics: A surrounding population where 66.1% of residents hold a bachelor’s degree or higher, and the median household income exceeds $113,000.
About the company: Serafin Real Estate is a premier commercial real estate brokerage serving Northern Virginia, with deep expertise in the Loudoun, Fairfax, and Alexandria markets. Founded by Joe Serafin, who has brokered over $1 billion in transaction volume since 2005, the firm specializes in navigating complex transactions and delivering exceptional results for clients. For more information on this transaction or current market opportunities, please visit www.serafinre.com.
Contact Info:
Name: Joe Serafin
Email: Send Email
Organization: 216 S Peyton Street
Address: 40834 Graydon Manor Ln, Leesburg, VA 20175
Phone: (703) 261-4809
Website: http://www.serafinre.com/
Release ID: 89177920
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