$255.92 Per Sq Foot $1,717 est/mo Sourced by Back At You

14641 Lee #104,Centreville, VA 20121

Centreville VA, 20121

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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.

Details

MLS#VAFX2172222
Listing TypeFor Sale
Suite Number104
Sub-TypeResale
StatusActive
Year2006
Days On Site102
Listing Provided ByKeller Williams Chantilly Ventures | Gayle T Bailey II
Buying Commision2.5% Of Gross

Features

SQ Feet1,250
Zoning550
Property ViewYes

Market Activity 20121

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Listings Checked: 22 minutes ago
StateVA
CountyFairfax
CityCentreville
Zip Code20121
Community NameCentrelee Business Park
School DistrictFairfax County Public Schools
Elementary SchoolBull Run
Middle SchoolStone
High SchoolWestfield
Listing VS Median (in Centrelee Business Park)
Price:
$319,900
low | high
Med:
$399,950
24.976711472335% of Average
SqFt:
1,250
low | high
Med:
1,350
42% of Average
$ / SqFt:
$256
low | high
Med:
$293
35.324751269254% of Average
On Site:
102
low | high
Med:
53.000000
100% of Average
Sourced by Back At You
Listing Updated: July 10, 2024 at 7:58:26 PM PDT