11085 Lee Hwy, FAIRFAX, 22030

Commercial Sale - Retail For Sale

$6,750,000

Beds
Baths
5,250Sqft
1.46Acres
1964Built
204DOM
MLS® #: VAFC119070
Active, 204 Days on Market

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

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Essential Information

MLS® #: VAFC119070
Price: $6,750,000
Condo Coop Fee: $0
Bathrooms: 0.00
Square Footage: 5,250
Acres: 1.46
Year Built: 1964
Type: Commercial Sale
Sub-Type: Retail
Status: Active
Taxes: $31,257
Tax Year: 2019

Community Information

Address: 11085 Lee Hwy
City: FAIRFAX
County: FAIRFAX CITY-VA
State: VA
Zip Code: 22030

Amenities

Parking: Surface
View: City, Street

Interior

Heating: Central
Cooling: None

Exterior

Exterior: Brick and Siding

School Information

District: FAIRFAX COUNTY PUBLIC SCHOOLS

Additional Information

Listing Office: Alpha Royale Commercial Group
Date Listed: November 5th, 2019
Days on Market: 204
Zoning: CR

Financials

$/SqFt: $1,286

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Listing information last updated on May 26th, 2020 at 5:35am EDT.