1801 Robert Fulton Dr - Medical CONDO FOR SALE


Reston, VA 20191
$475,000 USD
571-271-6604
1801 Robert Fulton Dr, Reston, VA for Sale
$475,000 USD
Medical CONDO - FOR SALE
1/54
null | Request Cap Rate

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1801 Robert Fulton Dr
Reston, VA 20191


HIGHLIGHTS

  • Next to W&OD Trail, with biking and walking routes
  • Easy access to Dulles Toll Road and Wiehle - Reston Metro Station
  • Income Producing
  • Minutes away from South Lakes Village Shopping Center

OVERVIEW

Introducing a unique Class A commercial property located on the main floor of 1801 Robert Fulton Dr Suite 230 in Reston, a location that boasts unparalleled convenience and accessibility. This office condo features six individual offices, three of which have nice window lines, a welcoming reception area, and a functional kitchen. The property is divided into two suites; one is currently leased to a Behavioral Health Provider at an annual income of $27,600 till August 2028. The remaining suite is vacant and presents a potential income of $24,000 per year. Electric, water, and common amenities are included in the condo fees. This property offers an excellent opportunity for a small business owner looking to build wealth through real estate. With one suite already generating income, the owner can utilize the vacant space for their own business or lease it for additional revenue. The location and amenities make it an attractive option for a variety of commercial tenants, adding to its investment appeal. Investors can acquire 1801 Robert Fulton Drive at a projected stabilized 6.52% cap rate, supported by $27,600 in existing annual rental income secured through August 2028. The vacant second suite offers immediate upside, with the potential to generate an additional $24,000 annually and increase total gross income to $51,600.

FOR SALE DETAILS

PRICE

$475,000 USD

PRICE/SF

$306 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Sunrise Oak Professional Park Condominiums

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

72,305 SF

STORIES

5

BUILDING CLASS

A

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

311

LAND DETAILS

LAND ACRES

1.93 AC

LAND SF

84,071 SF

ZONING

I-3

APN/PARCEL ID

0271-23-0140,0271-23-0230,0271-23-0240

ASK ABOUT THIS PROPERTY

Deniz Senyurt, CCIMColdwell Banker Commercial RealtyMore Info
571-271-6604

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Deniz Senyurt, CCIMColdwell Banker Commercial RealtyMore Info
571-271-6604

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.