9401 Centreville RdManassas, VA 20110

Property Details for 9401 Centreville Rd

Year built

2006

Lot size

0.31 AC

Property size (Sq ft)

19,902 SF

Zone code

CITY CENTER COMMERCIAL

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

101-01-00-447B

APU

1010100447B

Description

This exceptional three-story, Class A office building, totaling 17,595 square feet, is ideally situated in the heart of Old Town Manassas, Virginia. Built in 2006, the property boasts a prime location on Centreville Road (US-28), offering convenient access to the VRE station and a vibrant array of restaurants and retail establishments. Currently 100% occupied, primarily with month-to-month leases, this presents a unique opportunity for an owner-occupier, with approximately 10,000 square feet potentially available. The building features elevator service, ample natural light, and excellent signage opportunities. Zoned B-3, it benefits from the walkability of Old Town while providing modern conveniences. The asking price is $2,750,000, translating to $156.30 per square foot. Nine parking spaces are available on-site. This investment is further enhanced by its location within an Opportunity Zone and its attractive tax ID number: 101/01 00/ 447B. The building's architectural design incorporates great window lines, maximizing natural light and creating a pleasant work environment. This property represents a compelling investment opportunity in a thriving, historic location.

• CAP approach

  CAP return

  Valuation

  6%

  $5,469,914

  6.5%

  $5,049,152

  7%

  $4,688,498

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,967,279

  Geo Method

  $2,967,279

• Alternative Use

  Use

  Valuation

  Residential

  $5,049,152

  Hospitality

  $4,624,996

  Educational

  $3,847,942

  Medical

  $3,980,279

  Retail

  $5,985,688

Location Insight

City

Manassas

County

Manassas City

State

Virginia

Latitude

38.7523

Longitude

-77.4689

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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