Mixed-Use Restaurant and
For Sale
$4,000,000
9108 Center Street, Manassas, VA 20110
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 Market82
Property Features for 9108 Center Street
General Information
Standard status
Active
Size
11,108 SF
Property subtype
Retail
Additional Details
Opportunity Zone
Yes
Highway Access
Yes
Multifamily Units
3
Building Details
Building Size
11,108 SF
Listing Agency:
Weber Rector Commercial Real Estate Services
Listed By:
Chuck Rector · License #0225183359
(703) 929-9758
Source:
Weberrector
Added: Jul 21
Changed: Oct 7
Last Checked: Oct 9 at 5:27PM
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 Commercial Real Estate Services
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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$188,975
Cap Rate
4.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,779,500
$3.8M
Cap Rate 7%
$2,699,643
$2.7M
Cap Rate 9%
$2,099,722
$2.1M
Market Conditions
NOI Build-Up for 11,108 SF
Gross rent
$286.6K $25.80/SF
− Vacancy
−$16.6K −$1.50/SF
EGI
$270.0K $24.30/SF
− OpEx
−$81.0K −$7.29/SF
NOI
$189.0K $17.01/SF
Area
Manassas Park County, VA
Vacancy
5.80%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,779,500
Cap Rate 7%
$2,699,643
Cap Rate 9%
$2,099,722
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 authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,486
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 20110, VA
49,120
Population
16,289
Households
3
Avg Household Size
35
Median Age
34%
College-Educated
82%
High-School Grad
12.8 sq mi
ZIP Area
3,838
Density / Sq Mi
$120,397
Median Household Income
$53,126
Median Earnings
$1,863
Median Rent
$445,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
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 Street 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.
