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8224 Spruce Street

MANASSAS, VA 20111
  • $3,900,000
  • STATUS: Active
  • ON SITE: 30 Days
  • ID#: VAPW2042680
UPDATED: 129 min ago
$3,900,000
  • 0
    BEDS
  • 0.82
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2010
County:

School Ratings & Info

Description

Introducing SPRUCE STREET CENTER ... a recently built 21,000+ SF retail and office space building. Situated in a prime location on Route 28, just 4 miles from Centreville, Route 29 and Route 66. Beautiful, upscale building on 3 levels, with B-1 zoning suitable for many commercial office or retail uses. Almost 7,000 SF on each floor.In addition to having secure, in-place cash flow, this opportunity provides an owner-user to take advantage of the in-place tenancy and significantly offset the cost of occupancy. There is additional upside through the lease up of surplus vacant suites and future rent growth. Extraordinary visibility with amazing direct exposure with an average daily traffic count of over 47,000.Spruce Street Center offers investors the opportunity to invest in a stable, cash-flowing, readily financeable property acquired well below replacement value. Spruce Street Center is well positioned to take advantage of rising rents anticipated from the tightening Northern Virginia office market during a prolonged economic recovery resulting from the end of the Covid 19 pandemic.

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©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Cornerstone Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-01-28T23:50:00.787.
www.remaxcornerstoneva.com/homes/135649112
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8224 Spruce Street MANASSAS, VA 20111

  • Price: $3,900,000
  • Status: Active
  • On Site: 30 Days
  • Updated: 129 min ago
  • ID#: VAPW2042680
0
Beds
0
Baths
0
½ Baths
0.82
Acres
2010
Built
Neighborhood:
Yorkshire Acres
County:
Prince William
School District:
Prince William County Public Schools
Property Description
Introducing SPRUCE STREET CENTER ... a recently built 21,000+ SF retail and office space building. Situated in a prime location on Route 28, just 4 miles from Centreville, Route 29 and Route 66. Beautiful, upscale building on 3 levels, with B-1 zoning suitable for many commercial office or retail uses. Almost 7,000 SF on each floor.In addition to having secure, in-place cash flow, this opportunity provides an owner-user to take advantage of the in-place tenancy and significantly offset the cost of occupancy. There is additional upside through the lease up of surplus vacant suites and future rent growth. Extraordinary visibility with amazing direct exposure with an average daily traffic count of over 47,000.Spruce Street Center offers investors the opportunity to invest in a stable, cash-flowing, readily financeable property acquired well below replacement value. Spruce Street Center is well positioned to take advantage of rising rents anticipated from the tightening Northern Virginia office market during a prolonged economic recovery resulting from the end of the Covid 19 pandemic.
Exterior Features

Construction Materials Brick Door Features Double Entry Garage YN No Parking Features Paved ParkingHandicap Parking Parking Types Parking Lot Property Condition Excellent Riparian Rights YN No Roof Unknown Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Building Area Total 22000.00 Cooling Central A/C Heating 90% Forced AirEnergy Star Heating System Heating YN Yes Inclusions Security System Net Square Feet 22000.00 Security Features Electric Alarm

Property Features

Acceptable Financing Bank PortfolioCash Accessibility Features 2+ Access ExitsElevator Assessment Year 2022 Business Type FlexMedicalProfessionalHair Salon And Spa Central Air YN Yes Cooling Fuel Electric Electric 120/240V Elevators 1 Entry Level 2 Foundation Details Concrete PerimeterBrick/Mortar Ground Rent Payment Frequency Annually Heating Fuel Natural Gas Hot Water 60+ Gallon TankNatural Gas Internet Services BroadbandFiber OpticCableOther Navigable Water YN N New Construction YN No Original MLSNumber 802067190442 Ownership Interest Fee Simple Possession Settlement Property Sub Type Mixed Use Sale Type Standard Sewer Public Sewer Tax Annual Amount 19131.00 Tax Assessment Amount 1727400.00 Tax Lot 36A Transportation Airport Less Than 10 MilesCommuter Rail Station 1 To 5 Miles Utilities Cable Tv AvailableOther Vacation Rental YN No Water Source Public Zoning B1

Listing courtesy of Weichert, Realtors: .


©2023 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Cornerstone Realty. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2023-01-28T23:50:00.787.
 
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RE/MAX Cornerstone Realty
1810 Princess Anne St.
Fredericksburg VA, 22401