4800 31St StArlington, VA 22206

Property Details for 4800 31St St

Year built

1943

Lot size

0.90 AC

Property size (Sq ft)

5,016 SF

Zone code

C-1

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

29-015-018

APU

29015018

Description

This exceptional South Arlington office building presents a unique investment opportunity. Situated on a sizable 0.9-acre lot at 4800 31st Street S, this 5,016 square foot, two-story brick structure offers significant potential. The property boasts 22 dedicated parking spaces, a significant advantage in this area. Currently configured as a religious facility, the adaptable interior features a flexible open floor plan ideal for a variety of uses. The main level is well-suited for a reception area and private offices, while the lower level provides ample space for additional offices, storage, and conference rooms. A modern kitchenette and updated restrooms are included. The building offers convenient dual access points: a main entrance and a separate rear entrance on the lower level with its own parking area, providing excellent functionality and accessibility. The property's location is highly desirable, adjacent to Shirlington and with convenient access to I-395 and King Street. The surrounding area is a mix of residential and commercial properties, offering a diverse and vibrant environment. The building is being offered "As Is" and may require some refurbishment to meet specific needs. This presents a chance to acquire a substantial property in a thriving location at an attractive price of $2,800,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,296,286

  6.5%

  $1,196,572

  7%

  $1,111,102

• Comparable approach

  Method

  Valuation

  Relative Method

  $837,722

  Geo Method

  $837,722

• Alternative Use

  Use

  Valuation

  Residential

  $1,483,749

  Hospitality

  $1,359,106

  Educational

  $1,130,760

  Medical

  $1,169,649

  Retail

  $1,758,960

Location Insight

City

Arlington

County

Arlington

State

Virginia

Latitude

38.8363

Longitude

-77.0963

CBSA code

47900

CBSA name

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

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].