297 Herndon Pkwy Herndon, VA 20170
- Office Properties & Spaces
- 1,100 SF
Current Use by Public Records
- Terry Jacob Licensed Professional Counselor / Counselor
- Whitten Kathi LCSW / Counselor / Social Worker
- BSG LLC / Security Service
- herndon homeopathy / Alternative Medicine Practitioner
- No Va Psychotherapy / Social Worker
Property Details for 297 Herndon Pkwy
- Year built
- 1987
- Property size
- 1,100 SF
- Property type
- Office Properties & Spaces
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Herndon
- County
- Fairfax
- State
- Virginia
- Longitude
- -77.3714
- Latitude
- 38.9672
