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.
Save
Ask
Tour
Hide
Share
Listing Snapshot
Price
$1,250,000
Days On Site
61 Days
Bedrooms
N/A
Inside Area (SqFt)
1,141 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
N/A
Year Built
1910
MLS® Number
VAFC2005516
Status
Active
Property Tax
$2,883
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Assessor
Friends & Family
React
Comment
Invite
No Comments Yet
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.
Recent Activity
a month ago
Listing updated with changes from the MLS®
2 months ago
Status changed to Active
2 months ago
Listing first seen on site
General Features
Cross Street
University Dr
Number Of Stories
2
Parking
On StreetGarageParking Lot
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Total
1141
Utilities
Natural Gas AvailableSewer AvailableWater AvailableElectricity AvailableCable Available
Water Source
Public
Zoning
CR
Interior Features
Appliances
Electric Water Heater
Cooling
Central AirElectric
Flooring
Wood
Heating
Natural GasHot Water
Save
Ask
Tour
Hide
Share
Exterior Features
Lot Features
Corner Lot
View
CityStreet
Waterview
CityStreet
Community Features
Roads
Paved
School District
FAIRFAX COUNTY PUBLIC SCHOOLS
Schools
School District
FAIRFAX COUNTY PUBLIC SCHOOLS
Elementary School
DANIELS RUN
Middle School
KATHERINE JOHNSON
High School
FAIRFAX
Listing courtesy of Long & Foster Real Estate, Inc.
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.