John Crisafulli
Office: 202.386.6330
Cell: 202.258.7036
5216 Wilson Blvd N, ARLINGTON
$2,150,000
0 Bed
0 Bath
1,840 Sqft
.09 Acre
5 Parking
NNN INVESTMENT OPPORTUNITY, SALE LEASE-BACK. Minutes from Ballston! Restaurant and Hookah Lounge with late night hours. Owner spent over $120k to renovate the property, including a brand new 15-year warranty roof. Lebanese concept and hookah lounge on "Restaurant" Blvd. Basement lounge featuring a second kitchenette and 18-20 tables, as well as 50-60 seats outdoor on a two tiered 1100 sq ft patio and deck. Sale Lease-back terms offered at 10 years base rent with 2 (5) year options. Absolute NNN 7.53% cap rate; 162k NOI. Great 1031 option!
Essential Information
MLS® #VAAR2032592
Price$2,150,000
Bathrooms0.00
Square Footage1,840
Acres0.09
Year Built1952
TypeCommercial Sale
Sub-TypeRetail
StatusActive Under Contract
Community Information
Address5216 Wilson Blvd N
SubdivisionBRANDON VILLAGE
CityARLINGTON
CountyARLINGTON-VA
StateVA
Zip Code22205
Amenities
ParkingSurface
Parking Spaces5
Interior
HeatingHeat Pump(s)
CoolingCentral A/C
# of Stories2
Exterior
RoofFlat
Lot Description
Front Yard, Rear Yard, Road Frontage
District
ARLINGTON COUNTY PUBLIC SCHOOLS
Additional Information
ZoningC-1
Condo Fees$0
HOA Fees$0
Listing Details
OfficeSamson Properties
Office Contact(703) 378-8810
Property History
Status Changed from Active to Active Under Contract
Price Reduced from $2,400,000 to $2,150,000
LISTING MAP
© 2024 BRIGHT, All Rights Reserved. Information deemed reliable but not guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Compass participates, and is provided by BRIGHT through a licensing agreement. Real estate listings held by brokerage firms other than Compass are marked with the IDX logo and detailed information about each listing includes the name of the listing broker. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have Closed or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller.
Listing information last updated on April 28th, 2024 at 7:03am EDT.
