4401 Fairfax DrArlington, VA 22203

Property Details for 4401 Fairfax Dr

Year built

1988

Lot size

1.07 AC

Property size (Sq ft)

135,000 SF

Zone code

RC

Property type

Office buildings

APN

14-017-016

APU

14017016

Description

Arlington Square, located at 4401 Fairfax Drive in Arlington, Virginia (zip code 22203), presents a unique opportunity for retail or restaurant businesses. This multi-tenant commercial property boasts a total of 5,595 square feet, currently entirely vacant and available for lease. The space is highly flexible, offering a minimum divisible unit of 2,241 square feet and a maximum contiguous space of 3,354 square feet, catering to a variety of business needs and expansion plans. Its prime location in Arlington County places it within easy reach of a substantial customer base. The property's address is strategically situated at 4401 Fairfax Drive, providing excellent visibility and accessibility. This presents a rare chance to establish a presence in a thriving Arlington market. The building's layout is adaptable to various retail concepts or restaurant styles, offering significant potential for customization to suit specific business requirements. Interested parties are encouraged to inquire about lease terms and explore the possibilities this exceptional property offers. The property is classified as both retail and restaurant space, making it suitable for a wide range of commercial uses. The entire 5,595 square feet is currently available, providing a blank canvas for a new business venture or expansion. This is a significant opportunity in a highly desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $34,888,076

  6.5%

  $32,204,378

  7%

  $29,904,066

• Comparable approach

  Method

  Valuation

  Relative Method

  $22,546,350

  Geo Method

  $22,546,350

• Alternative Use

  Use

  Valuation

  Residential

  $39,933,428

  Hospitality

  $36,578,808

  Educational

  $30,433,138

  Medical

  $31,479,780

  Retail

  $47,340,436

Location Insight

City

Arlington

County

Arlington

State

Virginia

Latitude

38.8825

Longitude

-77.1143

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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