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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$ 319,900
Est. payment | /mo

1,250 SqFt


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$ 319,900
Est. payment | /mo
Save

1,250 SqFt

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

Bright MLS (BMLS)
Listed by Gayle T Bailey II • Keller Williams Chantilly Ventures, LLC
agent-avatar

+1(302) 420-4616

brian@forakersales.com

135 E State St, United States

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14641 LEE #104