UNDER CONTRACT - $399,000
1,111 RSF, 2300 N Pershing Dr, Suite 325, Arlington, VA
Rare opportunity to own commercial real estate in Arlington, VA. Built in 2004 and only one of two condominium buildings in Arlington along the Metro’s Orange Line, this top floor office is approximately 1,111 rentable square feet; allowing ample space for your small business to grow. The desirable C-1 zoning allows for all types of professional, business, and medical uses. Beyond the amazing views of Pershing Drive that are available from this 3rd floor property, the unit has a modern build out, high-end finishes, and an exposed ceiling. The build out is already complete, with one private office along with a conference room. The built-in reception desk, an open area for cubicles or conference table, and a small kitchenette are even more features of this space.
2300 N. Pershing has retail on the ground floor and, along with the Shops at Pershing across the street, there are countless dining options and other amenities in the immediate area. Parking is free for owners, tenants, and their visitors which have more than 2 parking spaces per 1,000 square feet, a rarity in Arlington. The property is located within walking distance of 2 metro stations, just 0.8 miles from Clarendon Metro and 1.1 miles from Virginia Square Metro, and has easy access to Arlington Blvd (Route 50) and Washington Blvd; providing multiple commuting options. Ronald Reagan Washington National Airport is only 5.4 miles away as well.
The property sits adjacent to the Days Inn Arlington/Washington DC, a commercial site which is slotted for redevelopment as a mixed use development; creating the opportunity for future appreciation in the value of this property. The condominium fees are only $486/month and include electric, water, trash removal, common area repairs and common area maintenance. The unit is also for lease at $30/SF/yr.
This property is truly an ideal investment for a small business owner that wants to build equity by owning their own space or for an investor looking for strong potential rental income while Arlington real estate values continue to rise. With the property priced below Arlington County’s assessed value, this is a value you can’t afford to miss.