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.
Vacant landProperty Type
1.39 acresLot Size
$1,438,848Price/Acres
Listed by Colin Concannon• LBT Residential Real Estate LLC
Cannon, located between Del Ray and Old Town Alexandria, is a residential and industrial Alexandria neighborhood with brick rowhouses and light-industrial blocks. The neighborhood’s character concentrates around the Potomac Yard–VT Metrorail Station area, where new mid-rises, wide sidewalks, and corner cafes meet big-box edges. Low-slung warehouses and service buildings sit beside newer apartments, giving the streets a working-city texture. Potomac Yard Park adds ballfields and open lawns that shape daily routines. The Mount Vernon Trail and Four Mile Run corridor frame the neighborhood with long, linear green space and river-bound views. Evening energy often gathers around local tables at Rustico and the beer list at Evening Star Cafe in nearby Del Ray.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Interior features
Residential use
Exterior features
Property includes two parcels (Lots 46 and 46A) totaling 1.39 acres
Tidal water not present
Directions: From 495 - Exit Telegraph Rd, approx. 1 mile to right on Franconia Rd; property is on the left across from Norton Rd
Home design
Fee simple ownership
Construction not completed
Construction
Construction not completed
Utilities
Electric available
Natural gas available
Public sewer hook-up available
Public water hook-up available
Sale and tax history for 3509 & 3505 Franconia Rd
Sale History
Tax History
Date
Event
Price
BRIGHT MLS #VAFX2123436
Aug 22, 2025
Price Changed
$1,999,999
Sep 5, 2024
Price Changed
$1,699,900
Jan 8, 2024
Relisted
—
Dec 31, 2023
Listing Removed
—
Apr 24, 2023
Listed
$1,299,900
BRIGHT MLS #VAFX1136660
Jul 12, 2020
Listing Removed
—
Jun 23, 2020
Listed
$545,000
MRIS #FX6991167
Jun 1, 2009
Delisted
—
May 19, 2009
Contingent
—
Apr 22, 2009
Relisted
—
Apr 21, 2009
Delisted
—
Apr 3, 2009
Relisted
—
Mar 12, 2009
Contingent
—
Feb 25, 2009
Listed
**
BRIGHT MLS #1005185840
Jun 18, 2009
Sold
$262,500
May 19, 2009
Listing Removed
—
Feb 25, 2009
Listed
$300,000
+1
NEEDS LOTS OF WORK (ROOF, 2 BATHS, PAINT, ETC) Unique 3 BR 2BA Farm House Built in 1913. Large LR & DR, wd flrs & FP. Updated kit, walk-in pantry. Big util rm, sun rm, upstairs master BR w/ ba. Close to Metro & Old Town. Bank owned, not a short sale.
The R-2 District provides for single-family detached dwellings and affordable dwelling unit developments and allows other uses that are compatible with the low-density suburban character of the district.
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Public service
Oct 25, 2022 • Final
Residential demolition
Demolish the existing structure.
Demolition
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
7/10 Heat Factor
7 days above 105° expected this year, 16 days in 30 years
5/10 Wind Factor
23% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Alexandria, VA • 22310
Average low and high temperatures (°F)
40
26
46
31
64
42
71
51
75
58
86
67
90
73
83
66
79
63
70
50
60
43
46
32
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
39/ 100
Low sunlight
Sunscore
There appears to be significant shading by surrounding buildings, terrain, and vegetation.
4.1 hrs
4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 3509 & 3505 Franconia Rd
$1,767,741
$232K under list price of $2.00M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $640K to $1.2M.