14641 Lee #104 , Centreville, VA 20121
Centreville, VA 20121
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 Type | For Sale |
| Suite Number | 104 |
| Sub-Type | Resale |
| Status | Active |
| Year | 2006 |
| Days On Site | 194 |
| Listing Provided By | Keller Williams Chantilly Ventures | Gayle T Bailey II |
Features
| SQ Feet | 1,250 |
|---|---|
| Zoning | 550 |
| Property View | Yes |
Market Activity 20121
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Learn More About This Property
| State | VA |
|---|---|
| County | Fairfax |
| City | Centreville |
| Zip Code | 20121 |
| Community Name | Centrelee Business Park |
| School District | Fairfax County Public Schools |
| Elementary School | Bull Run |
| Middle School | Stone |
| High School | Westfield |
| Listing VS Median (in Centrelee Business Park) | |
Price: $319,900 low | high Med: $384,900 SqFt: 1,250 low | high Med: 1,350 $ / SqFt: $256 low | high Med: $283 On Site: 194 low | high Med: 145.000000 | |
