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14641 Lee #104,  Centreville VA, 20121

(Active)
$319,900
|
1,250 sqft
|
MLS# VAFX2172222
Last Updated: 5/16/2024 10:53 PM
Description for 14641 Lee #104 Centreville, VA 20121
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.
Price
$319,900
CENTRELEE BUSINESS PARK
FAIRFAX
1,250 (approx)
VAFX2172222
Active
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.
Listing Information
Property Type: Retail, Business Opportunities, Other
1,250 (approx) 2006 Brick,Stone
CENTRELEE BUSINESS PARK
Public
Public Sewer
Cable Available
Neighborhood
Room Information
Interior Features
Electric Water Heater
Hardwood, Ceramic Tile, Wood
Central Air
Electric Heating
Exterior / Lot Features
10 Parking Spaces,
Brick, Stone
Trees/Woods
Driving Directions
66 - 29S - L at 14641 Lee Hwy - Unit 104 is in building D in rear on 1st level
Financial Considerations
0543 30D 0104
$3,291
Listing Price History

Centreville Real Estate

Centreville is located in Virginia. Centreville, Virginia 20121 has a population of 72,134.

The median household income in Centreville, Virginia 20121 is $106,082. The median household income for the surrounding county is $127,709 compared to the national median of $66,222. The median age of people living in Centreville 20121 is 41 years.

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Courtesy: Keller Williams Chantilly Ventures, LLC
BRIGHT MLS - All information, regardless of source, should be verified by personal inspection by and/or with the appropriate professional(s). The information is not guaranteed. Measurements are solely for the purpose of marketing, may not be exact, and should not be relied upon for loan, valuation, or other purposes.
This content last refreshed on 5/16/2024 10:53 PM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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