6716 Whittier Ave, Mc Lean, VA 22101-4529
- Office buildings
- 1,928 SF
- 0.02 lot acres
Current Use by Public Records
- McLean Threading & Waxing Center / Hair Salon / Nail Salon
- Suissa Hair Salon / Hair Salon
- Hair For All Seasons / Hair Salon / Nail Salon
Property Details for 6716 Whittier Ave
- Year built
- 1981
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.02 lot acres
- Zone code
- C-8(HIGHWAY COMMERCIAL)
- Property type
- Office buildings
- APN
- 030-2-37-0001
- APU
- 302370001
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jun 7, 2021 | — | Whittier Stream LLC | — | Deed · related | $575k · Bank Of Charles Town |
| Jul 27, 2017 | $700,000 | Whittier Stream LLC | Paul Family Trust | Grant Deed | $600k · Paul Family Trust (pt) |
| Apr 18, 2014 | — | Paul Family Trust | Paul,robert & Daniele | Quit Claim Deed · related | — |
Description
This exceptional mixed-use property at 6716 Whittier Avenue in McLean, Virginia presents a compelling investment opportunity. Boasting a total area of 2,200 square feet, this building benefits from a highly desirable corner location, ensuring maximum visibility and accessibility. The strategic positioning allows for strong tenant attraction and retention, a key factor in maximizing return on investment. The property features dual access points, enhancing convenience for both occupants and customers. Financially, this property demonstrates significant potential. Annual rental income is projected at $120,000, offset by annual expenses totaling $12,360. This includes a yearly HOA fee of $1,560 and property taxes of $10,800. This results in a substantial net operating income (NOI) of $107,640 per year. The building's prime location and strong financial performance make it an attractive prospect for investors seeking a stable and profitable addition to their portfolio. This is a rare opportunity to acquire a well-situated mixed-use property in the thriving McLean market. The combination of high visibility, dual access, and strong financial projections makes this an exceptional investment opportunity.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $650,000
- 6.5%
- $600,000
- 7%
- $555,000
-
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $760,000 Current use
- NEIGHBORHOOD: SHOPPING CENTER
- $710,000 Change: -6% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $645,000 Change: -15% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Mc Lean
- County
- Fairfax
- State
- Virginia
- Longitude
- -77.1757
- Latitude
- 38.9319
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
