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14641 Lee, Unit 104Centreville, VA 20121MLS Number VAFX2172222

  • Price: $319,900
  • 18 Days on Market
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Federal 30-year interest rate: 7.1% last updated on Apr 18, 2024
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  • 2006Year Built
  • 256Price Per Square Foot
  • 104Unit Number
  • 2023Assessment Year
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.
Listed by Gayle T Bailey II, Keller Williams Chantilly Ventures,LLC

Driving Directions

Yeonas & Shafran Real Estate, LLC
Yeonas & Shafran Real Estate, LLC
Office: 703-790-3330
1309 Vincent Pl
McLean, VA 22101

More Info

Location Information

  • UsmAreaCentreville

Parking

  • Parking FeaturesPaved Parking, Public
  • Parking TypesParking Lot

Basic Information

  • Date Listed04/03/2024

Location

  • Address14641 Lee
  • Building Number14641
  • CountyFairfax
  • Directions66 - 29S - L at 14641 Lee Hwy - Unit 104 is in building D in rear on 1st level
  • StateVA
  • SubdivisionCentrelee Business Park
  • TownCentreville
  • Zip20121

Interior

  • FlooringBamboo, Hardwood, Ceramic Tile

Basic Information

  • Broker NameKeller Williams Chantilly Ventures
  • List Price$319,900
  • LocationTypeBusiness Park
  • MLS NumberVAFX2172222
  • MLS Property TypeCommercial Sale
  • Price Per Square Foot256
  • StatusACT
  • Unit Number104

Building

  • Building Area SourceEstimated
  • Building Area Total1250
  • Construction MaterialsStone, Brick
  • Total Garage And Parking Spaces10
  • Total Restrooms1
  • Year Built2006

Utilities

  • Central Air YNYes
  • CoolingCentral A/C
  • Cooling FuelElectric
  • Heat SystemHeat Pump(s)
  • Heating FuelElectric
  • Heating YNYes
  • SewerPublic Sewer
  • UtilitiesElectric Available, Cable TV Available, Sewer Available, Phone Available
  • Water HeaterElectric
  • Water SourcePublic

Tax Information

  • Assessment Year2023
  • City Town Tax Payment FrequencyAnnually
  • County Tax$2,875
  • County Tax Payment FrequencyAnnually
  • Tax Assessment Amount$262,500
  • Tax Year2023
  • Taxes$3,291
  • Total Taxes Payment FrequencyAnnually

Property

  • Business TypeOther, School, Religious Facility, Recreation, Professional, Institutional, Hair Salon and Spa, Health Club
  • New Construction YNN
  • Property ConditionVery Good
  • Property SubTypeRetail
  • Zoning550

Amenities

  • Accessibility Amenities36"+ wide Halls, No Stairs, Level Entry - Main

Other

  • Annual Gross Expense5420
  • Cap Rate6
  • Gross Income27540
  • Operating Expense5420
  • Operating Expense IncludesInsurance, Landscaping, Management Fees, Parking, Sewer, Snow Removal, Trash, Water
  • Sale or LeaseYes

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Copyright 2024 BRIGHT, All Rights Reserved.  Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Yeonas & Shafran Real Estate participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Data last updated April 21, 2024. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale.

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