14641 Lee # 104 Centreville, VA $ 319,900
14641 Lee # 104
$ 319,900
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14641 Lee # 104

Centreville, VA, 20121
$ 319,900
Baths0.0 Sq 1,250

Monthly Estimate*

$ 2,235

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Studio

Commercial Property for sale in Centreville, VA

for $319,900. This 1,250 square foot building was built in 2006.

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.

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Commercial Active

Price

$ 319,900

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 3,291

Style

School,Religious Facility,Recreation,Professional

Year Built

2006

Town/City

Centreville

County/Region

Fairfax

MLS | Web ID

VAFX2172222

Features
Interior
Heating Fuel Electric
Flooring Bamboo Hardwood Ceramic Tile
Hot Water Electric
Heating Y/N Y
Central Air Y/N Y
Total Restrooms 1
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General
Sewer Public Sewer
Heating Heat Pump(s)
Cooling Central A/C
Utilities Electric Available Cable TV Available Sewer Available Phone Available
Possession Subject to Existing Lease
Zoning 550
Construction Materials Stone Brick
Year Built 2006
View Trees/Woods Street
Unit Number 104
Property SubType Retail
Tax Year 2023
Percent Ownership Condominium
Cool Fuel Electric
Gross Income 27540.00
Business Type Other School Religious Facility Recreation Professional Institutional Hair Salon and Spa Health Club
Accessibility 36 + wide Halls No Stairs Level Entry - Main
County FAIRFAX
Net Operating Income 20064.40
Operating Expense 5420.00
New Construction N
Property Type Commercial Sale
Subdivision Name CENTRELEE BUSINESS PARK
Possible Use Other
Water Access Y/N N
Status ACTIVE
Directions 66 - 29S - L at 14641 Lee Hwy - Unit 104 is in building D in rear on 1st level
City CENTREVILLE
Buyer Agent Compensation 2.5
Waterfront Y/N N
Street Name LEE
Tax Annual Amount 3291.0
Property Condition Very Good
Price Per Sq Ft 255.92
Historic Y/N N
Lease Considered Y/N Y
Vacation Rental Y/N N
Days on Market 28
Location Type Business Park
Standard Status Active
Year Built Source Estimated
Legal Subdivision CENTRELEE BUSINESS PARK
Cap Rate 6.27
Buyer Agent Compensation Type % Of Gross
Association Recreation Fee N
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Exterior
Parking Features Paved Parking Public
Water Source Public
Type of Parking Parking Lot
Water View Y/N N
Building Area Total 1250.00
Land Assessed Value 52500.00
Navigable Water Y/N N
Water Oriented Y/N N
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Internal Only
Street Number 1 14641
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* Excluded Features
List By
Keller Williams Chantilly Ventures

Broker

gayle@gaylebailey.com

Email

Affordability Calculator

$2,509
Per Month
89%
11%
0%
Monthly Principal & Interest
$2,235
Monthly Property Taxes
$274
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/3/2024$319,900 Listed Price

Map


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14641 Lee # 104, Centreville, VA, 20121 is a Commercial Property for sale at $319,900 with 1,250 sqft. 14641 Lee # 104 is a studio with 0.0 baths and was built in 2006. The property's zip code is 20121 which is in Centreville, VA