2451 Crystal DrArlington, VA 22202

Property Details for 2451 Crystal Dr

Year built

1989

Lot size

4.38 AC

Property size (Sq ft)

395,900 SF

Zone code

C-O-1.5

Property type

Office properties

Property subtype

Office buildings

APN

34-020-243

APU

34020243

Description

This exceptional 50,000 square foot retail strip center, located in Arlington County's vibrant Crystal City, presents a unique investment opportunity. Three spaces are currently available, ranging from 1,030 to 7,027 square feet, offering flexibility for various retail or restaurant concepts. The property boasts a highly desirable streetfront location on Crystal Drive, with the added benefit of outdoor seating for select spaces. Crystal City's thriving community provides a strong customer base, encompassing over 11 million square feet of office space, 50,000 square feet of existing retail, and more than 10,000 residential units in condos, apartments, and hotels. This strategic location positions the property to capitalize on the significant influx of employees and residents associated with Amazon HQ2 and the surrounding area. Its proximity to Reagan National Airport and downtown Washington, D.C., further enhances its appeal. Convenient access to the Yellow/Blue Line Metro station is a significant advantage for both employees and customers. Ample on-site parking is also available, ensuring ease of access for patrons. This property offers a rare chance to establish a successful business within a dynamic and rapidly growing community.

• CAP approach

  CAP return

  Valuation

  6%

  $102,312,520

  6.5%

  $94,442,320

  7%

  $87,696,440

• Comparable approach

  Method

  Valuation

  Relative Method

  $66,119,260

  Geo Method

  $66,119,260

• Alternative Use

  Use

  Valuation

  Residential

  $117,108,480

  Hospitality

  $107,270,736

  Educational

  $89,247,992

  Medical

  $92,317,368

  Retail

  $138,830,208

Location Insight

City

Arlington

County

Arlington

State

Virginia

Latitude

38.8515

Longitude

-77.0495

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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