14641 LEE #104 Pending Save Request In-Person Tour Request Virtual Tour
Centreville,VA 20121
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Pending
Purchase Type For Sale
Square Footage 1,250 sqft
Price per Sqft $255
Subdivision Centrelee Business Park
MLS Listing ID VAFX2172222
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
Waterfront N
Water Access N
View Trees/Woods,Street
Accessibility 36\"+ wide Halls,No Stairs,Level Entry - Main
Parking Type Parking Lot
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