5700 Pickwick RdCentreville, VA 20121

Property Details for 5700 Pickwick Rd

Year built

1989

Construction

STEEL FRAME

Lot size

3.80 AC

Property size (Sq ft)

37,687 SF

Zone code

C-6(COMMUNITY RETAIL)

Property type

Community centers

APN

054-4-01-0116

APU

544010116

Description

Pickwick Square Shopping Center, located at 5700 Pickwick Road, Centreville, Virginia 20121, presents a compelling retail investment opportunity. Situated at the intersection of Pickwick Road and Lee Highway in Fairfax County, this multi-tenant property boasts a total of 38,155 square feet. Currently, there is 3,556 square feet of vacant space available, including one unit of 1,500 square feet, ideal for a variety of retail businesses. The property's prime location ensures high visibility and accessibility for customers. The shopping center benefits from significant foot traffic due to its strategic placement within a well-established commercial area. This makes it an attractive option for businesses seeking a strong presence in a thriving Centreville market. The property's existing infrastructure is well-maintained, providing a ready-to-occupy space for new tenants. The available space offers a flexible layout adaptable to various retail concepts. This is a chance to secure a foothold in a bustling retail environment with excellent potential for growth and return on investment. Further details regarding lease terms and conditions are available upon request. The property is conveniently located in Fairfax County, Virginia, offering easy access to major transportation routes.

• CAP approach

  CAP return

  Valuation

  6%

  $12,279,227

  6.5%

  $11,334,671

  7%

  $10,525,052

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,135,284

  Geo Method

  $9,135,284

• Alternative Use

  Use

  Valuation

  Residential

  $9,561,219

  Hospitality

  $8,758,025

  Educational

  $7,286,574

  Medical

  $7,537,171

  Retail

  $11,334,671

Location Insight

City

Centreville

County

Fairfax

State

Virginia

Latitude

38.8382

Longitude

-77.4239

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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