For Sale
$469,000

611 Carlin Springs Rd Arlington, VA 22204

Prime Location, Vacant, High Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional Class A medical office condo in Arlington, Virginia, presents a unique investment opportunity. Located at 611 S Carlin Springs Road, 22204, this 1,115 square foot space is currently vacant and ready for immediate occupancy. The asking price is $469,000, representing a compelling $420.63 per square foot and a 5.00% capitalization rate. The property boasts a desirable NNN lease type, minimizing landlord responsibilities. The condo features a thoughtfully designed layout including two work areas, two private offices, a washroom, reception area, break room, waiting room, and storage space. Previously a fully furnished dental office, the sale includes $120,000 worth of new equipment. Monthly condo fees are $636, and annual property taxes are $3,200. This turnkey property is ideal for an established medical practice seeking a move-in ready space or an investor looking for strong returns in a prime Arlington location. The property's convenient location and high-quality construction make it an attractive option for a variety of medical professionals. Don't miss this chance to acquire a well-appointed medical office condo in a thriving market.

Highlights

  • $469,000 asking price for this 1,115 SF Class A medical office condo.
  • Located at 611 S Carlin Springs Rd, Arlington, VA 22204.
  • Vacant, NNN lease, 5.00% cap rate, $420.63/SF.
  • For sale by owner; includes $120,000 worth of equipment.
  • Condo fee: $636/month; Property tax: $3,200/year.

Property Details for 611 Carlin Springs Rd

Property type
Office properties, Medical offices
Square Feet
1,115 SF
Class
A

Location Insight

City
Arlington
County
Arlington
State
Virginia
Latitude
38.8602228
Longitude
-77.1265842

FAQs

What type of property is this?
Office property - Prime Location, Vacant, High Cap Rate
Where is the office property located?
The property is located at 611 Carlin Springs Rd Arlington, VA.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: $469,000 asking price for this 1,115 SF Class A medical office condo.; Located at 611 S Carlin Springs Rd, Arlington, VA 22204.; Vacant, NNN lease, 5.00% cap rate, $420.63/SF.
How can I contact the broker?
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611 Carlin Springs Rd
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