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14641 Lee , #104

CENTREVILLE, VA 20121
  • $319,900
  • STATUS: Active
  • ON SITE: 17 Days
  • ID#: VAFX2172222
$319,900
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2006
County:

School Information

Elementary School:
Middle School:
High School:

Description

Introducing a prime investment opportunity in the heart of Centreville, VA " 14641 Lee Highway, Unit 104. This meticulously maintained commercial retail/office condo, nestled within the esteemed CentreLee Business Park. Boasting a strategic location and impeccable tenant occupancy, this fully leased property offers stability and immediate return on investment. Currently in a 5 year lease through August 2025, with a reliable tenant in place, investors can secure steady cash flow from day one. The properties Net Operating Income (NOI) of $20,065 with a 3% annual rent escalation in October of 2024. With a competitive Capitalization Rate (Cap Rate) of 6.27%, this offering presents an enticing proposition for investors seeking attractive returns in today's market. Priced at $319,900, this investment opportunity promises both affordable investment entry point and growth potential.Featuring 1,250 square feet of open and meticulously designed space, the unit is fully built out. Currently a fashion Boutique and previously a pilates studio, the flexible I-5 zoning allows for many uses. Boasting bamboo wood and tile floors, abundant natural light, and a private interior bathroom, the space exudes both functionality and style. Its versatile layout accommodates a myriad of businesses, from offices to retail outlets, fitness facilities, schools, and beyond.Convenience is key, with a private entrance and ample parking ensuring ease of access for both tenants and customers alike. Whether you're a seasoned investor looking to expand your portfolio or a newcomer seeking a solid entry point into the commercial real estate market, this opportunity ticks all the boxes.Don't miss your chance to secure a stake in Centreville's thriving business landscape. Contact our dedicated listing agent today to schedule a showing and seize this exceptional investment opportunity.

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©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Pearson Smith Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-04-21T09:40:31.47.
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14641 Lee , #104 CENTREVILLE, VA 20121

  • Price: $319,900
  • Status: Active
  • On Site: 17 Days
  • ID#: VAFX2172222
0
Beds
0
Baths
0
½ Baths
N/A
Acres
2006
Built
Neighborhood:
Centrelee Business Park
County:
Fairfax
Elementary School:
Bull Run
Middle School:
Stone
High School:
Westfield
School District:
Fairfax County Public Schools
Property Description
Introducing a prime investment opportunity in the heart of Centreville, VA " 14641 Lee Highway, Unit 104. This meticulously maintained commercial retail/office condo, nestled within the esteemed CentreLee Business Park. Boasting a strategic location and impeccable tenant occupancy, this fully leased property offers stability and immediate return on investment. Currently in a 5 year lease through August 2025, with a reliable tenant in place, investors can secure steady cash flow from day one. The properties Net Operating Income (NOI) of $20,065 with a 3% annual rent escalation in October of 2024. With a competitive Capitalization Rate (Cap Rate) of 6.27%, this offering presents an enticing proposition for investors seeking attractive returns in today's market. Priced at $319,900, this investment opportunity promises both affordable investment entry point and growth potential.Featuring 1,250 square feet of open and meticulously designed space, the unit is fully built out. Currently a fashion Boutique and previously a pilates studio, the flexible I-5 zoning allows for many uses. Boasting bamboo wood and tile floors, abundant natural light, and a private interior bathroom, the space exudes both functionality and style. Its versatile layout accommodates a myriad of businesses, from offices to retail outlets, fitness facilities, schools, and beyond.Convenience is key, with a private entrance and ample parking ensuring ease of access for both tenants and customers alike. Whether you're a seasoned investor looking to expand your portfolio or a newcomer seeking a solid entry point into the commercial real estate market, this opportunity ticks all the boxes.Don't miss your chance to secure a stake in Centreville's thriving business landscape. Contact our dedicated listing agent today to schedule a showing and seize this exceptional investment opportunity.
Exterior Features

Construction Materials StoneBrick Garage YN No Location Type Business Park Parking Features Paved ParkingPublic Parking Types Parking Lot Property Condition Very Good View Trees/WoodsStreet Water Access YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 1250.00 Cooling Central A/C Flooring BambooHardwoodCeramic Tile Heating Heat Pump(s) Heating YN Yes Net Square Feet 1250.00

Property Features

Accessibility Features 36"+ wide HallsNo StairsLevel Entry - Main Annual Gross Expense 5420.00 Central Air YN Yes Cooling Fuel Electric Gross Income 27540.00 Heating Fuel Electric Historic YN No Hot Water Electric Lease Considered YN Yes Navigable Water YN N Net Operating Income 20064.40 New Construction YN No Operating Expense 5420.00 Operating Expense Includes InsuranceLandscapingManagement FeesParkingSewerSnow RemovalTrashWater Original MLSNumber 802966209176 Owner Pays Taxes - Real EstateAssociation Fees Ownership Interest Condominium Property Sub Type Retail Sale Type Standard Sewer Public Sewer Tax Annual Amount 3291.00 Transportation Bus Stop less than 1 mileCommuter Lots less than 5 milesCommuter Rail Station 1 to 5 miles Utilities Electric AvailableCable TV AvailableSewer AvailablePhone Available Vacation Rental YN No Water Source Public Zoning 550

Listing courtesy of Keller Williams Chantilly Ventures: .


©2024 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or Pearson Smith Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2024-04-21T09:40:31.47.
 
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46161 Westlake Drive, Suite 340
Sterling VA, 20165