Income Generating Office Condo For Sale
$474,000
1801 Robert Fulton Dr Suite 230 Reston, VA 20191
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About this listing
DESCRIPTION
Introducing a unique Class A commercial property located on the main floor of 1801 Robert Fulton Dr 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.
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
AREA
Situated at 1801 Robert Fulton Dr in Reston, this office building offers a prime location for businesses seeking both convenience and amenities. One of its standout features is its proximity to the W&OD Trail, perfect for those who appreciate a scenic route for walking or biking. Accessibility is a breeze with easy access to Dulles Toll Road, making commutes straightforward. Additionally, the building is just minutes away from the Wiehle-Reston East Metro Station, offering excellent connectivity to the greater DC area. Nearby South Lakes Village Shopping Center and Atlantic Union Bank enhance the location's appeal, offering a range of dining, shopping, and business services.
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MLS ID
VAFX2335580
Details
- • Max Contiguous Area: 1553.0
