9865 Fairfax Blvd Fairfax, VA 22030
- Hotels
- 18,048 SF
- 1.15 lot acres
Current Use by Public Records
- Lee High Inn / Hotel
Property Details for 9865 Fairfax Blvd
- Year built
- 1953
- Lot size
- 1.15 lot acres
- Property size
- 18,048 SF
- Zone code
- COMMERCIAL RETAIL
- Property type
- Hotels
- Property subtype
- Motels
- APN
- 48-3-12-00-003
- APU
- 4831200003
Description
This exceptional 1.75-acre retail property, located at 9865 Fairfax Boulevard in Fairfax, Virginia, presents a unique investment opportunity. The site boasts a prime location at the intersection of Highway 50 and 29, ensuring high visibility and accessibility. The existing building comprises 18,000 square feet of retail space. However, the true potential lies in the approved plans for a substantial 104,000 square foot assisted living/memory care facility with 111 rooms. This presents a lucrative opportunity for immediate income generation or redevelopment. The property's strategic location offers unparalleled convenience, with proximity to numerous restaurants and shops, George Mason University, and the Vienna Metro. Easy access to major transportation arteries, including I-66, I-495, and Fair Oaks Mall, further enhances its appeal. The three parcels comprising this property provide ample space for future expansion or alternative development projects, such as the potential construction of hundreds of apartments or additional senior housing. This is a rare chance to acquire a significant commercial property in a thriving Fairfax location with substantial development potential. The asking price is $8,500,000.
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
- Fairfax
- County
- Fairfax City
- State
- Virginia
- Longitude
- -77.285
- Latitude
- 38.863
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
