3220 OLD LEE HWY
FAIRFAX, VA 22030
Sold for $1,450,000
bedrooms |
full baths
Year Built: 1968
CLOSED
This is the retail showroom of Citidoors, an importer of quality interior doors serving the local and regional building contractor trade as well as direct to consumers. The landlord put over $300K into building renovations in 2019, including new HVAC, roof, electric and plumbing. There are 8.5 years remaining on a 10-year lease, with 2% annual escalations, plus two five-year options. The lease began January 1, 2020 and initial term is through December 31, 2029. Tenant is growing rapidly and is paying rent on time. The building is located in City of Fairfax and zoned CR (Commercial Retail), “established to provide areas for office and general business and retail establishments, and uses accessory or complementary thereto,” per city code. Located just off Fairfax Blvd. and Fairfax Circle, one of the busiest retail corridors in Fairfax County. Convenient to I-66 and the Beltway.
Property Details
MLS #
VAFC121532
Property Type
Commercial Sale
Listing Status
CLOSED
Listing Price
$1,450,000
Year Built
1968
Lot Acreage
NA
Subdivision
City
FAIRFAX
County
FAIRFAX CITY
Water Source
Public
Sewer
Public Sewer
Zoning
CR
Exterior Details
Home Type
Parking
Parking Lot
Interior Details
Interior Space
sq ft
Heating
Electric -
Cooling
Electric - None
Hot Water
Electric
Accessibility Features
Other
Financial Details
County Tax
$9,496.00
Special Tax Assessment
$0
Tax Year
2021
Total Assessment
$883,400
Total Taxes
$9,496
Listing Courtesy of
Listing Office
Capital Realty Advisors
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