10403 MAIN ST new to site Save Request In-Person Tour Request Virtual Tour
Fairfax,VA 22030
Key Details
Property Type Commercial
Sub Type Special Purpose
Listing Status Active
Purchase Type For Sale
Square Footage 1,141 sqft
Price per Sqft $1,095
MLS Listing ID VAFC2005516
Originating Board BRIGHT
Year Built 1910
Annual Tax Amount $2,883
Tax Year 2024
Property Description
Investment Opportunity: Condo Real Estate for Sale with Established Tenant in Fairfax City. Property Size: 1,200 sq ft. Current Tenant: "Bellissimo" Italian Cuisine Restaurant – A well-established, prestigious restaurant that has been a staple in Fairfax City for years. This charming restaurant seats 60 people and is renowned for its high-quality cuisine and loyal clientele. Rent: $5,200/month ($62,400/year). Location: Fairfax City, VA – Ranked among the top 10 safest cities in Virginia, with a population of 25,000 and a median income of $52,000. The area offers a strong and stable business environment. Local Highlights: Fairfax City is home to the historic Fairfax County Courthouse and George Mason University. The city continues to enhance its infrastructure for pedestrians and cyclists, creating a vibrant, community-friendly atmosphere. Notably, both George Washington and George Mason lived in Fairfax, adding historical charm to the area. Key Investment Features: 1031 Tax Deferred Exchange: This property is offered as part of a 1031 Tax Deferred Exchange. Seller Financing: Available for qualified buyers with good credit and a down payment of $800,000. Additional Investment Opportunities: Buildable land options within a 30-45 minute drive, or local residential income-producing properties can be considered as part of the down payment. Showings: By appointment only, with 24-hour notice required. The listing agent must accompany all showings. 1031 Tax Deferred Exchange. For additional info, contact your preferred Real Estate Agent.
Location
State VA
County Fairfax City
Zoning CR
Interior
Hot Water Electric
Heating Programmable Thermostat,Hot Water
Cooling Central A/C
Flooring Wood
Heat Source Natural Gas
Exterior
Utilities Available Electric Available,Natural Gas Available,Sewer Available,Water Available
Water Access N
View City,Street
Street Surface Paved
Accessibility No Stairs
Road Frontage Public,City/County
Garage N
Building
Sewer Public Sewer
Water Public
New Construction N
Schools
Elementary Schools Daniels Run
Middle Schools Katherine Johnson
High Schools Fairfax
School District Fairfax County Public Schools
Others
Tax ID 57 4 23 001
Ownership Condominium
Acceptable Financing Cash,Conventional,Exchange,Bank Portfolio,Installment Sale,Negotiable,Seller Financing
Listing Terms Cash,Conventional,Exchange,Bank Portfolio,Installment Sale,Negotiable,Seller Financing
Financing Cash,Conventional,Exchange,Bank Portfolio,Installment Sale,Negotiable,Seller Financing
Special Listing Condition Standard