38.85159 -77.32797

11085 LEE HWY Fairfax, VA 22030

255295404 38.85159 -77.32797 230 /listing/255295404-150474411/11085-lee-hwy-fairfax-va-22030 False 0 6750000.0 5250 101 VAFC119070 False
  • $6,750,000
  • 5,250 sqft
  • 1.46 lot
  • Est payment $36235.46/mo

Property & Neighborhood Info

Courtesy Of Alpha Royale Commercial Group

Commercial in FAIRFAX

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

Courtesy Of Alpha Royale Commercial Group
  1. 5,250 Sq. Ft.
  2. 1.46 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1964
  • School District: FAIRFAX COUNTY PUBLIC SCHOOLS
  • County: FAIRFAX CITY
  • Taxes: $31,257.00
  • Tax Year: 2019
  • Units: 1
  • MLS Number:VAFC119070

Additional Features

  • Air Conditioning:
    • No
  • Cooling:
    • None
  • Cooling Fuel:
    • Electric
  • Water Heater:
    • Electric
  • Building Area Source:
    • Assessor
  • Building Square Feet:
    • 5250.00
  • Business Type:
    • Other/General Retail
  • Location:
    • Highway
  • New Construction:
    • No
  • View:
    • City
    • Street
  • Water Source:
    • Public
  • Waterfront:
    • No
  • Parking:
    • Surface
  • Heating:
    • Central
  • Heating Fuel:
    • Electric
  • Sewer:
    • Public Septic
  • Accessibility Features:
    • >84" Garage Door
  • Road Surface:
    • Access - Above Grade
  • Water Access:
    • No
  • List Type (Exclusive):
    • Exclusive Agency
  • Rental Features:
    • No
  • Assessment Year:
    • 2019
  • Historic YN:
    • No
  • MLSSystem ID:
    • BRIGHT
  • Possession:
    • Settlement
  • Price Per SQFT:
    • 1285.71
Neighborhood info courtesy of Homes.com © 2019

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
Terry Brown
Terry Brown
CBR, GRI, Associate Broker
220 7th St SE Washington DC 20003
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38.85159 -77.32797

11085 LEE HWY Fairfax, VA 22030

255295404 38.85159 -77.32797 230 /listing/255295404-150474411/11085-lee-hwy-fairfax-va-22030 False 0 6750000.0 5250 101 VAFC119070 False
  • $6,750,000
  • 5,250 sqft
  • 1.46 lot
  • Est payment $36235.46/mo