4800 31St St S, Arlington, VA 22206
- Investment properties
- 5,016 SF
- 0.90 lot acres
Current Use by Public Records
- Long & Foster Alexandria / Arlington, VA / Real Estate Agency
- Debere Menkirat kidus Amanuel We Rufeal Ethiopian Orthodox Tewahdo Church(ደብረ መንክራት አማኑኤል ወሩፋኤል የኢትዮጵያ ኦርቶዶክስ ተዋህዶ ቤተክርስቲያን) / Church
Property Details for 4800 31St St S
- Year built
- 1943
- Lot size
- 0.90 lot acres
- Zone code
- C-1
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- 29-015-018
- APU
- 29015018
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Nov 13, 2020 | $1,775,000 | Debre Menkirat Kidus Amanuel | Z&m LLC | Special Warranty Deed | $1.3M · Mainstreet Bank |
| Sep 7, 2016 | — | Z & M LLC | — | Deed · related | $1.1M · Mainstreet Bk |
| Jul 25, 2012 | $1,250,000 | Z & M LLC | Foster P Wesley JR | Grant Deed | $875k · Mainstreet Bk |
| — | — | Z & M LLC | — | Loan Modification · related | $1.1M · Mainstreet Bk |
Description
This exceptional South Arlington office building presents a unique investment opportunity. Situated on a sizable 0.9-acre lot at 4800 31st Street S, this 5,016 square foot, two-story brick structure offers significant potential. The property boasts 22 dedicated parking spaces, a significant advantage in this area. Currently configured as a religious facility, the adaptable interior features a flexible open floor plan ideal for a variety of uses. The main level is well-suited for a reception area and private offices, while the lower level provides ample space for additional offices, storage, and conference rooms. A modern kitchenette and updated restrooms are included. The building offers convenient dual access points: a main entrance and a separate rear entrance on the lower level with its own parking area, providing excellent functionality and accessibility. The property's location is highly desirable, adjacent to Shirlington and with convenient access to I-395 and King Street. The surrounding area is a mix of residential and commercial properties, offering a diverse and vibrant environment. The building is being offered "As Is" and may require some refurbishment to meet specific needs. This presents a chance to acquire a substantial property in a thriving location at an attractive price of $2,800,000.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,785,000
- ML approach
- $2,255,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,640,000
- 6.5%
- $1,515,000
- 7%
- $1,405,000
-
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $2,705,000 Current use
- RETAIL STORES
- $2,950,000 Change: +9% Conversion: Easy
- OFFICE BUILDING
- $2,610,000 Change: -4% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Arlington
- County
- Arlington
- State
- Virginia
- Longitude
- -77.0963
- Latitude
- 38.8363
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
