4002 University Drive Fairfax, VA ^$ 1,295,000

4002 University Drive

^$ 1,295,000

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4002 University Drive

Fairfax, VA, 22030

^$ 1,295,000

Studio Baths0.0 Sq 2,302

Monthly Estimate*

^$ 9,046

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Studio

Commercial Property for sale in Fairfax, VA

for $1,295,000. This 2,302 square foot building was built in 1910.

New 2024 pricing! 2,300 gross SF, utilities paid by tenant , offers total of 8 private offices, retail storefront and or admin area, kitchen area, break room, 3 restrooms & storage closet. Located at one of the best street corners in downtown Fairfax. 2nd floor overlooking Main St & University Drive . Available immediately delivered vacant or with a 2 year existing lease. Also offers 3 private windowed offices on the front corner overlooking Main St & University Dr, with small admin area + shared amenities. Investment portfolio with a 4% cap rate or delivered vacant for buyers use.

Commercial Contingent

Price

^$ 1,295,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 5,342

Style

Professional,,Medical,/General Retail

Year Built

1910

Town/City

Fairfax

County/Region

Fairfax City

MLS | Web ID

VAFC2003338

Features

Interior

Heating Fuel Electric

Flooring Ceramic Tile Hardwood Partially Carpeted

Hot Water Electric

Heating Y/N Y

Street Suffix DRIVE

Central Air Y/N N

Total Restrooms 3

General

Sewer Public Sewer

Heating Heat Pump - Electric BackUp

Cooling None

Possession Settlement

Roof Metal

Zoning CR

Construction Materials Wood Siding

Year Built 1910

Property SubType Office

Tax Year 2023

Percent Ownership Condominium

Cool Fuel Electric

Gross Income 48000.00

Business Type Professional Other Medical Other/General Retail

Building Name NONE AVAILABLE

Accessibility 32 + wide Doors 36 + wide Halls

County FAIRFAX CITY

New Construction N

Property Type Commercial Sale

Possible Use Barber/Beauty Clothing Commercial Convenience Store Financial Flex Space Investment Medical/Dental Mixed Use Professional Service Retail

Water Access Y/N N

Status ACTIVE UNDER CONTRACT

Directions Unit is located in the Ellicott Building at the intersection of Main St and University Dr. Diagonally across from the Old Courthouse with parking in the public parking lots across University Dr. Entr

City FAIRFAX

Buyer Agent Compensation 1

Total Units 1

Waterfront Y/N N

Street Name UNIVERSITY

Tax Annual Amount 5342.0

Property Condition Very Good

Price Per Sq Ft 562.55

Vacation Rental Y/N N

Days on Market 238

Standard Status Active Under Contract

Year Built Source Assessor

Legal Subdivision ELLICOTT BUILDING

Cap Rate 4.00

Buyer Agent Compensation Type % Of Gross

Association Recreation Fee 584.00 Y

Exterior

Water Source Public

Type of Parking Parking Lot

Water View Y/N N

Building Area Total 2302.00

Land Assessed Value 51400.00

Navigable Water Y/N N

Water Oriented Y/N N

Internal Only

Street Number 1 4002

* Excluded Features

List By

Samson Properties

Broker

ben@onestreet.one

Affordability Calculator

$9,491

Per Month

Monthly Principal & Interest: $9,046
Monthly Property Taxes: $445
Monthly Home Insurance: --

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Yearly 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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Nearby

Trends
Schools

Commerical listings in Fairfax, VA

Average List Price ^$1,223,698

Percent of Sale Price 6%

About Fairfax, VA

24,421 Population

14% Since 2002

^$104,718 Median Income

40.71 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2136830 Elementary School

2137124 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
6/22/2023	$1,150,000		Listed Price

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4002 University Drive, Fairfax, VA, 22030 is a Commercial Property for sale at $1,295,000 with 2,302 sqft. 4002 University Drive is a studio with 0.0 baths and was built in 1910. The property's zip code is 22030 which is in Fairfax, VA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BrightMLS Broker Reciprocity^SM program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Weichert, Realtors® participates, and is provided by BrightMLS through a licensing agreement.

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4002 University Drive

Commercial Property for sale in Fairfax, VA

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