Remarks

Large, light filled office condo for sale in prime downtown McLean! Annual Rent Roll of $75,000. Fully leased. Second floor 3-year lease with options begins 12/1/24 at $2,900 a month. Year 3 rent increases to $3,000. First floor leases of $1,800 and $1,500 (both under market value) are held by two doctors. CAP Rate could easily go to 8 with market rate rents on first floor. Each floor is set up as dual professional's offices with their own bath & waiting room. Large and freshly painted 2nd floor porch offers panoramic views of McLean and makes the perfect break area. A couple of blocks from Rte. 123 w/52,000 VPD. Located within one of Northern Virginia’s most exclusive and sought-after suburbs, this building offers affordable options for a variety of tenants or end user/investors. Perfect location for medical, legal, CPA, tech company, real estate office, title company plus the other uses allowed under C-6 zoning (Community Retail Commercial). Ground floor front office available for the first time in years. Office sharing also available, please inquire. Be a part of the vibrant and growing McLean Business District!

Details

MLS#: VAFX2190330
Price: $999,900

Year Built: 1980

County: FAIRFAX
Tax Fee: 10766.0