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.
-
0BEDS
-
0.82ACRES
-
0BATHS
-
01/2 BATHS
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.
©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 Advance Realty Bel Air, Inc. 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: 2023-03-28T10:53:38.887.