10426 Main St Fairfax, VA 22030
- Retail space
- 19,489 SF
- 0.33 lot acres
Current Use by Public Records
- Concrete installation Service - Concrete Walkway Contractors, Driveway Service, Concrete Resurfacing DC - MD - VA / General Contractor
- Commonwealth Brewing Company / Brewery
- Commonwealth Brewing Co FFX / Brewery
Property Details for 10426 Main St
- Year built
- 1955
- Lot size
- 0.33 lot acres
- Property size
- 19,489 SF
- Zone code
- COMMERCIAL RETAIL
- Property type
- Retail space
- APN
- 57-4-02-00-101
- APU
- 5740200101
Description
This exceptional investment opportunity presents a 22,000 square foot, free-standing retail building located at 10426 Main Street in Fairfax, Virginia. The property boasts three units, each operating under a triple-net (NNN) lease, resulting in 100% occupancy. Built in 1955 and extensively renovated in 2021, including a new roof and HVAC systems, this two-story building offers a blend of historic charm and modern functionality. The property sits on a 0.32-acre lot and includes 25 parking spaces. Currently generating a net operating income (NOI) of $471,618, this investment offers a compelling 6.25% capitalization rate. The asking price is $7,550,000, translating to $343.18 per square foot. Situated in the heart of Downtown Fairfax City's business district within the Washington, D.C. metro area, and zoned for commercial retail use, this property presents a stable and high-performing asset ideal for investors seeking a strong return. The property's strong financial performance, prime location, and recent renovations make it a highly desirable investment opportunity.
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
- -77.3062
- Latitude
- 38.8465
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
