14641 LEE , Centreville, VA 20121

  • $319,900
14641 LEE , Centreville, VA 20121
Closed Very Good
14641 LEE , Centreville, VA 20121
14641 LEE , Centreville, VA 20121
  • $319,900

Overview

Property ID: VAFX2172222
  • Commercial Sale
  • Property Type
  • 1250
  • 2006
  • Year Built

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.

  • Address 14641 LEE
  • City Centreville
  • State/county VA
  • Zip/Postal Code 20121
  • Country US

Details

Updated on November 16, 2024 at 5:06 am
  • Property ID: VAFX2172222
  • Price: $319,900
  • Property Size: 1250
  • Garage Size: x x
  • Year Built: 2006
  • Property Type: Commercial Sale
  • Property Status: Closed

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**Property Disclaimer** The information we provide about this property is believed to be accurate to the best of our knowledge; however, it may change without notice. We are not liable for any mistakes, errors, or omissions in the information presented. We strongly recommend that you conduct your own research and verify all details independently to ensure accuracy. Your diligence in seeking correct information is essential before making any decisions. " Homes Trade Hub "

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