Views
Address
11085 Lee Highway Fairfax, VA
Price
$ 6,750,000
Property Attributes
  • MLS#VAFC119070
  • TypeCommercial
  • CountyFAIRFAX CITY
  • CityFairfax
  • Zip22030
  • StyleGeneral Retail
  • Year Built1964
  • Taxes31257
  • Price$ 6,750,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage5250
  • Lot Size1.46 Acres
Listing Provided Courtesy Of:
Alpha Royale Commercial Group
Property Description

GREAT VALUE-ADD OPPORTUNITY! This sale constituents two parts: a stable income-generating retail property and future residential development land. The retail component contains a stand along 4,960 Sq Ft building, fully leased to BBB rating tenant, NextDay Blinds, who has been in this location for 20 years. The tenant signed a new 5-year extend lease term starting on February 1, 2020. In addition, there is a 1.13-acre vacant land adjacent to the retail property. The vacant land currently zoned commercial zone, however, it offers a potential of the 13-large luxury townhouse development, a conceptual plan approved. Furthermore, nestled in the center of Fairfax, a suburban expanse of Washington DC metro region, the location is a true oasis, unique and brimming with vitality that recently has been recognized by Forbes as one of the top places to live in the nation.- Great Value-add opportunity- Single-tenant absolute NNN lease investment opportunity - Nextday Blinds- Favorable passive Income - Zero Landlord Responsibilities - New 5-year lease term & 1-5 Yr option- Attractive 3% annual rental increase- Proposed Residential development possibility- Dense infill location - Positioned just off intersection I-66, R50, I-29- Surrounding Traffic Generators - Walmart, Lowes, McDonalds, Wendy's- Densely populated Area

Price History
11/5/2019 Listed $6,750,000

General Features

Accessibility >84 Garage Door
Business Type Other/General Retail
Cool Fuel Electric
County FAIRFAX CITY
Historic Y/N No
Location Type Highway
New Construction No
Ownership Fee Simple
Possession Settlement
Price Per Sq Ft 1285.71
Property SubType Retail
Property Type Commercial Sale
PropertyCondition Shows Well
Tax Year 2019
Total Units 1
Vacation Rental Y/N No
Zoning CR

Interior Features

Central Air Y/N No
Cooling None
Heating Central
Heating Fuel Electric
Heating Y/N Yes
Hot Water Electric
Total Restrooms 1

Exterior Features

Building Area Total 5250.00
Construction Materials Brick
Lot Size Acres 1.46
Lot Size Source Plans
Lot Size Square Feet 63597.00
Navigable Water Y/N No
Parking Features Surface
Road Surface Type Access - Above Grade
Sewer Public Septic
Type of Parking Other
View City, Street
Water Access Y/N No
Water Oriented Y/N No
Water Source Public
Water View Y/N No
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 22030

Price
AVG $370K
$6.75M
Taxes
AVG $2,707
$31,257
Visits
AVG 90
19
Year Built
AVG 1981
1964
Walkscore
AVG 76
78
Data Provided by Walkscore ® not using MLS data

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