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caprealty

Listing #428371: Columbia Pike Retail or Office

3201 Columbia Pike
Arlington, VA 22204

DEL

Geoff Lindsay

Capital Realty Advisors

Phone
703-536-2100
Fax
http://files.propertyline.com/photo/default/61451100.jpg

General

Property Use vacant_owner_user
Land SF -
Land Acres -
Building SF -
Bld SF/$ Per - / -
No. of Buildings 1
No. of Units -
No. of Stories -
Free Standing N/A
Year Built -
Built Yet Yes
Building Class C
Zoning -
Parcel Number 25012045
# Grade Dock Doors -
# Dock High Doors -
Lighting -
Power -
Parking Six parking (four in front, two in rear)
Gas No
Water No
Electric No

Financial Overview

List Price $545,000
Per Month -
Per Year -
Co-op Commission 3.00%
Commission Comments None
Down Payment -
Cap Rate -
Cash on Cash --
Multiplier -
Financial Terms -
Consider Exchange No

Cash Flow

Cash Flow Type -
Year -
Scheduled Gross -
Vacancy -
Reimbursement -
Effective Gross -
Operating Expenses -
Operating Income -
Debt Service -
Capital Costs -
Cash Flow (pre-tax) -

Debt

Debt Type -
Debt Service -
Principal -
Interest Rate -
Amortization -
Due -
Loan Description -

Property Description

Very visible storefront property for retail use or professional office, located on Arlington's "Main Street," Columbia Pike. 45,000 vehicles per day go past this property’s front door. Two-level, plus basement, approx. 540 sf/floor, 1,764 gross sf, including enclosed front entrance. Second-level currently built out with three offices plus bathroom. Separate street-front entrances available for each floor. Includes six parking spaces. C-2 zoning offers multiples uses. Perfect for atty, acct, therapist, florist, check-cashing, etc. Currently occupied by retail grocery; unit will be delivered vacant. Owner willing to convert back to office use at buyer request. Six parking spaces, including two in rear.

Area Description

Columbia Pike has often been described as "Arlington's Main Street," and this property is located close to what many consider its epicenter: the intersection of the Columbia Pike and Walter Reed Drive, known historically as Penrose Station. Columbia Pike is a little different from most of Arlington's urban villages, in that it's not centered on a Metro station. Rather, Columbia Pike is actually a linear thoroughfare that stretches across south Arlington, from Arlington Cemetery and Fort Myer in the East, all the way into Fairfax County at Arlington's western border. More than three miles of the Pike lie in Arlington County, and this corridor is home to more than a quarter of Arlington's population, as well as a quarter of its families. Residents are well-served by more than 500 businesses and 1.6 million square feet of commercial space.