Mixed-Use Restaurant and
9108 Center St Manassas, VA 20110
9108 Center St, Manassas, VA, 20110
$4,000,000
For Sale
$4,000,000
Corner property includes a built-out ground-floor restaurant, three upstairs apartments, and additional storage space.
Property Size11,108 SF
Price / SF$360.10
Days on Market10
Property Features for 9108 Center St
General Information
- Standard status
- Active
- Size
- 11,108 SF
Listing agency
Weber Rector Commerical Real Estate Services, Inc.
(703) 330-1224
Listed by
Coleman G Rector · License #0225200138
(703) 330-1224
Source
Exprealty
Added: Jul 14 Updated: Jul 22 at 5:42PM Checked: Jul 22 at 5:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Weber Rector Commerical Real Estate Services, Inc.
Investment Insights
Based on property information with market context.
This mixed-use property includes an approximately 11,108 SF building with a fully built-out restaurant on the ground floor, three apartments on the second floor, and additional storage space totaling approximately 2,260 SF. The restaurant level features multiple dining areas, a bar, and a commercial kitchen. The second-floor apartments provide residential income, while the unfinished storage area includes concept plans for conversion to additional apartments.
Situated in the historic Old Town district of Manassas, the property is positioned for visibility as a prominent corner within a walkable downtown environment. The surrounding area is described as anchored by retail, restaurants, local government offices, and the Prince William County Courthouse, with proximity to the VRE station and access to Rt. 28, Rt. 234, and I-66.
Offered for sale as an owner-user and repositioning opportunity, the current restaurant operation is expected to conclude with the sale. Ownership may consider securing a long-term tenant to support income-producing use. The property is also located within a Qualified Opportunity Zone (Census Tract 9102.01).
Situated in the historic Old Town district of Manassas, the property is positioned for visibility as a prominent corner within a walkable downtown environment. The surrounding area is described as anchored by retail, restaurants, local government offices, and the Prince William County Courthouse, with proximity to the VRE station and access to Rt. 28, Rt. 234, and I-66.
Offered for sale as an owner-user and repositioning opportunity, the current restaurant operation is expected to conclude with the sale. Ownership may consider securing a long-term tenant to support income-producing use. The property is also located within a Qualified Opportunity Zone (Census Tract 9102.01).
Key Highlights
- Mixed‑use corner property with an 11,108 SF building featuring a fully built‑out restaurant on the ground floor.
- Ground‑floor restaurant includes multiple dining areas, bar, and commercial kitchen.
- Upper level has three 2nd floor apartments.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $286.6k | $25.80 |
| − Vacancy | −$16.6k | −$1.50 |
| EGI | $270.0k | $24.30 |
| − OpEx | −$81.0k | −$7.29 |
| NOI | $189.0k | $17.01 |
11,108 SF · lease $25.80/SF/yr · vacancy 5.80% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$6.17M
$5.40M – $7.20M
NOI $431,879 @ 7.0% cap · market cap 10.80%
Second Best
Multifamily LT 5
$2.70M
$2.36M – $3.15M
NOI $188,975 @ 7.0% cap · market cap 4.72%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Carmello's of Old Town ...
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Corner property includes a built-out ground-floor restaurant, three upstairs apartments, and additional storage space.
Where is this conventional restaurant located?
The property is located at 9108 Center St Manassas, VA.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Mixed‑use corner property with an 11,108 SF building featuring a fully built‑out restaurant on the ground floor.; Ground‑floor restaurant includes multiple dining areas, bar, and commercial kitchen.; Upper level has three 2nd floor apartments.
