$460,000
$470,000
2.1%For more information regarding the value of a property, please contact us for a free consultation.
5218 ROLLING RD #14 Burke, VA 22015
1,134 SqFt
Key Details
Sold Price $460,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
Square Footage 1,134 sqft
Price per Sqft $405
MLS Listing ID VAFX2114954
Sold Date 05/01/23
Originating Board BRIGHT
Year Built 1978
Annual Tax Amount $4,028
Tax Year 2023
Property Description
***Shown Only by Appointment***
Hair salon property (real estate only), leased to a well established tenant (29 years) w/ many repeat long term clients (15-20 years). Excellent new lease expiring Dec. 31, 2027, with 2% annual increases and a 6% cap rate. Tenant is responsible for real estate taxes, half the condo fee ($1,075 quarterly divided by 2= $537.50), and regular interior maintenance (HVAC is one year old). The condo association maintains the exterior of the unit, including, roof and parking lot. Lease details available upon Letter of Intent or Contract.
His and hers restrooms, as well as 2 water heaters, supplying hot water for the 7-9 beauticians.
Great location in the middle of Burke/Springfield, and minutes from I-495 (1.7 miles). First floor accessibility, and main road frontage (Rolling Road).
Location
State VA
County Fairfax
Zoning 420
Interior
Hot Water Electric
Heating Central, Heat Pump(s)
Cooling Central A/C, Heat Pump(s)
Flooring Ceramic Tile, Carpet
Equipment None
Heat Source Electric
Exterior
Garage Spaces 10.0
Waterfront N
Water Access N
Roof Type Asbestos Shingle
Accessibility Level Entry - Main, No Stairs
Parking Type Parking Lot
Total Parking Spaces 10
Garage N
Building
Sewer Public Septic, Public Sewer
Water Public
New Construction N
Schools
School District Fairfax County Public Schools
Others
Tax ID 0694 16 0014
Ownership Condominium
Special Listing Condition Standard
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Jorge C Bellis • Long & Foster Real Estate, Inc.