Centreville, VA 20121,14641 LEE #104
Centreville, VA 20121,14641 LEE #104
Centreville, VA 20121,14641 LEE #104
Centreville, VA 20121,14641 LEE #104
Centreville, VA 20121,14641 LEE #104
Centreville, VA 20121,14641 LEE #104
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$310,000

$319,900

3.1%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

1,250 SqFt


SOLD DATE : 11/15/2024

Key Details

Sold Price $310,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

Square Footage 1,250 sqft

Price per Sqft $248

Subdivision Centrelee Business Park

MLS Listing ID VAFX2172222

Sold Date 11/15/24

Originating Board BRIGHT

Year Built 2006

Annual Tax Amount $3,370

Tax Year 2024

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.

Location

State VA

County Fairfax

Zoning 550

Interior

Hot Water Electric

Heating Heat Pump(s)

Cooling Central A/C

Flooring Bamboo, Hardwood, Ceramic Tile

Heat Source Electric

Exterior

Garage Spaces 10.0

Utilities Available Electric Available, Cable TV Available, Sewer Available, Phone Available

Water Access N

View Trees/Woods, Street

Accessibility 36\"+ wide Halls, No Stairs, Level Entry - Main

Total Parking Spaces 10

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

Elementary Schools Bull Run

Middle Schools Stone

High Schools Westfield

School District Fairfax County Public Schools

Others

Tax ID 0543 30D 0104

Ownership Condominium

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Gayle T Bailey II • Keller Williams Chantilly Ventures, LLC
Bought with Grace Kim • Grace Home Realty Inc
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165 Passaic Ave, Fairfield, NJ, 07004, USA

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