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Village Green Shopping Center 503 Maple Ave W 2,050 SF 100% Leased Retail Building Vienna, VA 22180 $1,195,000 ($582.93/SF)
Investment Highlights
- Rare end unit ownership opportunity on Vienna’s Maple Avenue corridor
- Beautiful spa and wellness buildout with strong appeal for future owner users
- Existing lease has approximately three years remaining with no renewal option
- Highly visible location within a busy shopping center
- Ideal for spa, med spa, salon, beauty, wellness, medical aesthetics, or boutique service users
- In place tenancy provides interim income and a defined future occupancy window
Executive Summary
503 Maple Avenue presents a rare opportunity to acquire a highly visible end unit along Vienna’s Maple Avenue corridor. The property is beautifully built out as a spa and wellness space and is especially well suited for a future spa, med spa, salon, beauty, wellness, medical aesthetics, or boutique service user seeking long term ownership in one of Northern Virginia’s most established retail corridors.
The property is currently leased with approximately three years remaining and no renewal option. The in place rent is below current market levels, so the offering is best understood as a future owner occupant opportunity rather than a traditional yield driven investment. The existing tenancy provides interim income while allowing a buyer to plan ahead for future occupancy and long term control of the location.
The property is currently leased with approximately three years remaining and no renewal option. The in place rent is below current market levels, so the offering is best understood as a future owner occupant opportunity rather than a traditional yield driven investment. The existing tenancy provides interim income while allowing a buyer to plan ahead for future occupancy and long term control of the location.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
2,050 SF
Building Class
B
Year Built
1974
Price
$1,195,000
Price Per SF
$582.93
Percent Leased
100%
Building Height
2 Stories
Building FAR
2.35
Lot Size
0.02 AC
Zoning
C - Commercial
Frontage
35’ on Maple Avenue West
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
1 of 16
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Village Green Shopping Center | 503 Maple Ave W
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