7221 Little River Tpke 3,975 SF Retail Condo Unit Offered at $2,100,000 in Annandale, VA 22003

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INVESTMENT HIGHLIGHTS

Available May 1
6 Designated parking spaces along with ample shared parking

C6 zoning
Recently renovated

EXECUTIVE SUMMARY

Welcome to this prime commercial property located at 7221 Little River Turnpike (Unit 1). Spanning 3,400 square feet of usable space, plus an additional 500+ square feet of storage. This property is ideally suited for flexibility of use. With C6 zoning it can be used for retail, office use, medical, beauty salon with spa and nail services, and much more. The property boasts six "asigned" parking spaces in the rear of building for staff or customers, along with additional community parking in the front and rear of the building. The space has been recently updated with new flooring, new bathrooms, and a snack/coffee station with a sink and electrical access on the second floor. The 2nd floor feaures four rooms, and a powder room, and the lower level is ideal for a showroom or office. With a showroom on the lower level and a fantastic location near the main road, this property offers an unparalleded opportunity to establish your business in a thriving community. The building is part of /TAB Condominium Unit Owner's Association. The ownership in the community for this property is 21.886%

PROPERTY FACTS

Price	$2,100,000
Unit Size	3,975 SF
No. Units	1
Total Building Size	12,673 SF
Property Type	Retail (Condo)
Property Subtype	Freestanding General Retail Storefront Office Medical Office Telecom Hotel Data Hosting
Sale Type	Investment
Building Class	C
Floors	3
Typical Floor Size	4,224 SF
Year Built	1950
Tenancy	Single
Lot Size	0.18 AC
Parking Ratio	1.47/1,000 SF

1 UNIT AVAILABLE

Unit 1

Unit Size	3,975 SF
Price	$2,100,000
Price Per SF	$528.30
Condo Use	Retail
Sale Type	Investment
No. Parking Spaces	6
APN/Parcel ID	0711-37-0001

DESCRIPTION

TAB Condominium Unit Owners Association is made up of 6 Different Condo Units.  Each unit is a free standing building, or is attached to another building.
THE 12,637 SQ FT TOTAL PROPERTY IS OWNED BY THE ASSOCIAITION.  The area includes "designated parking" for each owner, and additional shared parking for everyone's use.
Each owner has a specified interest in the association.  This building's interest is 21.886%.

SALE NOTES

Prime location directly off of Little River Turnpike. Great investment property for retail, office, medical, and much more. Has been used as a rental property for 23+ years with triple net leases. Three tenants.

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