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1011-1121 Arlington Blvd - River Place South 463 - 748 SF Retail Condo Units Offered at $150,000 - $270,000 Per Unit in Arlington, VA 22209
INVESTMENT HIGHLIGHTS
- Lots of surrounding units
EXECUTIVE SUMMARY
Great opportunity to buy two commercial properties in Rosslyn. Both 1113 and 1115 are offered for sale at $550k. Two parking spaces are included with the sale and tenants are already in place at $3,650/ month. Low co-op fee monthly. 1113 is currently used as a barber shop/ salon and 1115 is rented short term until Feb 2022 with a high likelihood of renewal. Bathroom located inside of 1113 can be used by either tenant. Both buildings are located inside of the River Place co-op surrounded by 1,700+ 0-3 bedroom units with lots of foot traffic.
DATA ROOM Click Here to Access
PROPERTY FACTS
| Total Building Size | 1,022,608 SF | Typical Floor Size | 100,000 SF |
| Property Type | Multifamily | Year Built | 1955 |
| Property Subtype | Apartment | Lot Size | 3.91 AC |
| Building Class | B | Parking Ratio | 2/1,000 SF |
| Floors | 11 | ||
| Zoning | RA4.8 - Uses permitted by Arlington County Zoning Ordinance Article RA-4.8 | ||
| Total Building Size | 1,022,608 SF |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Floors | 11 |
| Typical Floor Size | 100,000 SF |
| Year Built | 1955 |
| Lot Size | 3.91 AC |
| Parking Ratio | 2/1,000 SF |
| Zoning | RA4.8 - Uses permitted by Arlington County Zoning Ordinance Article RA-4.8 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Microwave
- Heating
- Bay Window
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Clubhouse
- Fitness Center
- Laundry Facilities
- Picnic Area
- Pool
- Sauna
- Spa
- Dry Cleaning Service
2 UNITS AVAILABLE
Unit 1113
| Unit Size | 748 SF | Sale Type | Investment |
| Price | $270,000 | No. Parking Spaces | 1 |
| Price Per SF | $360.96 | Sale Conditions | Bulk/Portfolio Sale |
| Condo Use | Retail |
| Unit Size | 748 SF |
| Price | $270,000 |
| Price Per SF | $360.96 |
| Condo Use | Retail |
| Sale Type | Investment |
| No. Parking Spaces | 1 |
| Sale Conditions | Bulk/Portfolio Sale |
DESCRIPTION
Fully built out barber/ salon. Long term tenant already in place. Surrounded by 1,700+ units inside the River Place co-op. One bathroom and washer/ dryer on site.
SALE NOTES
Being sold together with 1115 Arlington Blvd. Fully built out barber/ salon. Long term tenant already in place. Surrounded by 1,700+ units inside the River Place co-op. Currently rented for $2,100/ month. Includes one parking space.
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Unit 1115
| Unit Size | 463 SF | Cap Rate | 11.12% |
| Price | $150,000 | NOI | $16,672.62 |
| Price Per SF | $323.97 | No. Parking Spaces | 1 |
| Condo Use | Retail | Sale Conditions | Bulk/Portfolio Sale |
| Sale Type | Investment or Owner User |
| Unit Size | 463 SF |
| Price | $150,000 |
| Price Per SF | $323.97 |
| Condo Use | Retail |
| Sale Type | Investment or Owner User |
| Cap Rate | 11.12% |
| NOI | $16,672.62 |
| No. Parking Spaces | 1 |
| Sale Conditions | Bulk/Portfolio Sale |
DESCRIPTION
New floors have been added, and this space has been recently painted. Part of River Place Co-op. Surrounded by 1,700+ units. Bathroom located next door at 1113 Arlington Blvd.
SALE NOTES
New floors have been added, and this space has been recently painted. Offered for sale together with 1113 Arlington Blvd. Currently rented for $1,650.
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UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1700 | - | - |
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1011-1121 Arlington Blvd - River Place South
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