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10403 Main St
For Sale $1,250,000
$1,250,000
- 1 Units
- Unknown Sq Ft
- Unknown Sq Ft
- Unknown Cap Rate
Description
Enjoy rental income, own and benefit from this well located street-level Business Real Estate. Investment Opportunity with SOLID Tenat: Condo Real Estate for Sale with Established Tenant in Fairfax City. Property Size: 1,200 sq ft. Current Tenant: "Bellissimo" Italian Cuisine Restaurant – A well-established, prestigious restaurant that has been a staple in Fairfax City for years. This charming restaurant seats 60 people and is renowned for its high-quality cuisine and loyal clientele. Rent: $5,200/month ($62,400/year). Location: Fairfax City, VA – Ranked among the top 10 safest cities in Virginia, with a population of 25,000 and a median household income of $128,700. The area offers a strong and stable business environment. Local Highlights: Fairfax City is home to the historic Fairfax County Courthouse and George Mason University. The city continues to enhance its infrastructure for pedestrians and cyclists, creating a vibrant, community-friendly atmosphere. Notably, both George Washington and George Mason lived in Fairfax, adding historical charm to the area. Key Investment Features: 1031 Tax Deferred Exchange: This property is offered as part of a 1031 Tax Deferred Exchange. Seller Financing: Available for qualified buyers with good credit and a down payment of $800,000. Additional Investment Opportunities: Buildable land options within a 30-45 minute drive, or local residential income-producing properties can be considered as part of the down payment. Showings: By appointment only, with 24-hour notice required. The listing agent must accompany all showings. 1031 Tax Deferred Exchange. For additional info, contact your preferred Real Estate Agent.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,250,000 |
| Property Type | Special Purpose |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1910 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 57 4 23 001 |
| MLS # | VAFC2005516 |
| Property ID | 321101529 |
| Lot Sqft | Unknown |
| Zoning | CR |
| Total Units | 1 |
| Days on Market | 44 |
| Original List Price | Unknown |
| Date Updated | December 30, 2024 |
| Date Created | December 05, 2024 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $62,400 | $0 |
| Operating Expenses | $ 9,063 |
| Net Income (Yr) | $ 53,337 |
| Cap Rate | 4.27% |
Listing Provided By
Rodrigo J Cruz an agent of . Lic #0225070712
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Data last updated: January 18, 2025.
Robert Crawford
REAL ESTATE AGENT