Feldman Ruel Urban Property Advisors Facilitates the Sale of 4231 Duke Street, a Two-Level Mixed-Use Property, Which Will Be Repositioned as Two Restaurant Concepts and Office Space

Press Contacts: Tanner Scales, Associate Director, (571) 932-5660 | Josh Feldman, Managing Principal, (202) 318-6833 | Ian Ruel, Managing Principal, (202) 318-6844

Washington, D.C., January 6th, 2023– Feldman Ruel Urban Property Advisors, the leader in the sale of sub-institutional commercial investment properties in the Washington, D.C. metropolitan area, announces the sale of 4231 Duke Street, a two-level, mixed-use property located in the Seminary Hill neighborhood of Alexandria, VA. The property was delivered completely vacant at closing. 4231 Duke Street features a fully built-out restaurant and two additional commercial units on the first and second levels respectively. The building sits on a 15,727-square foot lot and includes 25 on-site parking spaces. The asset sold for $2,425,000 or $413.12 per square foot.

Tanner Scales, Josh Feldman, and Ian Ruel of Feldman Ruel had the exclusive listing to market the property on behalf of the seller, a private individual who had previously operated a business on-site but recently decided to retire and sell the property.

4231 Duke Street was purchased by DJM Investments, which plans to convert the first level into two separate restaurant concepts and renovate and lease the second-level office space. DJM Investments was attracted to this asset because of its location along a highly trafficked portion of Duke Street, the ample on-site parking, as well as the flexibility to open multiple restaurant concepts on the same site.

About Feldman Ruel

Feldman Ruel Urban Property Advisors is a commercial real estate services firm focused primarily on sub-institutional investment sales and property management in the Washington, D.C. metropolitan area and is consistently recognized as a market leader in the industry. Feldman Ruel successfully completes dozens of transactions every year making it one of the top investment sales brokerage firms in the area. The experience and relationships resulting from hundreds of successful transactions allow the principals and agents of Feldman Ruel to provide its clients with the most accurate valuations, most effective multichannel marketing, and best advisory services available in its practice areas.