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297 Herndon Pkwy Herndon, VA 20170

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For Sale
$299,000

Ground floor office condo, leased until 2026.

Property size:
1,100 SF

Property Features for 297 Herndon Pkwy

General Information

Property type
Office properties & Spaces
Square Feet
1,100 SF

Building Details

Year Built
1987

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Listing Contact
Edward A. Martin

Listing Agency: Keller Williams Manassas Listing Agent: Edward A. Martin

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

This exceptional investment opportunity presents a 1,100 square foot office condo located at 297 Herndon Parkway, Unit 102, Herndon, VA. Priced at $299,000, this ground-level unit is currently leased and generating a substantial monthly gross cash flow of $2,164, with the lease extending until April 2026, and including a tenant option to renew. The property's convenient location offers easy access to Reston Hospital, situated just 1.6 miles away. This is one of two professional office condos available for sale within the Herndon Park complex. Unit 102 is the second unit in the building. A unique aspect of this offering is the adjacent availability of Unit 101, also for sale. Purchasing both units presents a compelling opportunity for immediate occupancy, additional lease income generation, and potential future expansion by combining the two spaces. This presents a strong investment opportunity with immediate cash flow and significant long-term potential. The property is situated in a prime location, offering both convenience and accessibility. The current lease provides immediate return on investment, while the option to acquire the neighboring unit unlocks further possibilities for growth and development. This is a rare chance to acquire a well-situated, income-producing property in a desirable Herndon location.
Property Profile Location Intelligence

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Location Insight

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  • Local Demand
City
Herndon
County
Fairfax
State
Virginia
Longitude
-77.37138
Latitude
38.96724

FAQs

What type of property is this?
Office property - Ground floor office condo, leased until 2026.
Where is this office property located?
The property is located at 297 Herndon Pkwy Herndon, VA.
What is the asking price?
The asking price for this property is $299,000.
More about this property
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