3859-3871 Plaza Dr - Office CONDO FOR SALE


Fairfax, VA 22030
$310,000-$315,000 USD
703-850-9099
3859-3871 Plaza Dr, Fairfax, VA for Sale
$310,000-$315,000 USD
Office CONDO - FOR SALE
1/32
1,274-1,308 SF | Request Cap Rate

3859-3871 Plaza Dr
Fairfax, VA 22030


HIGHLIGHTS

  • Two separately deeded office condo units totaling 2,582 SF — stacked within the same building, offering portfolio flexibility.
  • Both units delivered vacant — occupy immediately, lease one or both at market rates, or configure as a single integrated office operation.
  • Commercial retail zoning accommodates a wide range of professional uses including legal, financial, medical, title, and administrative work.
  • Brick construction, central air, and shared surface parking within an established, professionally managed condo association.
  • Priced at $242/SF combined — consistent with recent CoStar-confirmed submarket comps ranging from $206 to $247/SF on comparable vintage product.
  • Ideal for a professional services firm seeking an owned Fairfax City presence, or an investor acquiring two vacant, leasable assets.

OVERVIEW

Two separately deeded office condominium units within Building B of Old Lee Plaza — 1,308 SF on the ground floor and 1,274 SF directly above — are being offered together at $625,000, delivering a combined 2,582 SF of CR-zoned professional office space in the heart of Fairfax City. Both units are vacant and available for immediate occupancy or lease-up, with no existing tenants to navigate and no transition period. Each unit carries its own tax parcel, its own condo documents, and can ultimately be held, leased, or sold independently. For the owner-user, the case is direct: acquire both floors, consolidate into a unified office operation, and convert leasing costs into a fixed-basis asset that builds equity over time. The stacked configuration works well for a growing professional services firm that needs separation between functions — client-facing space on one floor, administrative or back-office on the other. CR zoning accommodates attorneys, CPAs, financial advisors, insurance professionals, property managers, healthcare practitioners, and a range of other professional users without special exception or additional approvals. For the investor, both units arriving vacant is a clean starting point. Fairfax City's professional services market supports office rents in the $24 to $28 per SF range, with stabilized income across both units projected at $62,000 to $72,000 annually. Lease them individually to separate tenants, reducing concentration risk, or attract a single user across both floors. Either way, the two-parcel structure preserves future optionality — hold and collect income, or sell each unit independently into a submarket with consistent owner-user demand and CoStar-confirmed sale comps ranging from $206 to $247 per SF on comparable product. Brick construction, central air, shared surface parking, and a professionally managed condo association with no known special assessments round out a low-maintenance acquisition. Combined condo dues of approximately $8,878 annually are the primary operating cost. At $242 per SF, this offering represents a disciplined entry into Fairfax City commercial ownership with immediate flexibility and multiple paths to value.

FOR SALE DETAILS

PRICE

$310,000-$315,000 USD

CAP RATE

Request Cap Rate

# OF UNITS

2

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Two-Unit Office Condo

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

38,775 SF

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

60

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

COMMERCIAL

APN/PARCEL ID

57-2-25-017,57-2-25-023

ASK ABOUT THIS PROPERTY

Peter PokornySerafin Real EstateMore Info
703-850-9099

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

Peter PokornySerafin Real EstateMore Info
703-850-9099

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