Address
5216 Wilson Boulevard N, Arlington, VA
Price
$ 2,150,000
Property Attributes
- MLS#VAAR2032592
- TypeContingent
- CountyARLINGTON
- CityArlington
- NeighborhoodBrandon Village
- Zip22205
- StyleRestaurant/Bar
- Year Built1952
- Taxes$ 11344
- Price$ 2,150,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage1840
- Lot Size3,920 SqFt
Data Source:
Bright MLS
Property Description
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!
| Price History | |
|---|---|
| 6/21/2023 | Listed $2,400,000 |
| 8/28/2023 | 11% - $2,150,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Heat Pump(s) |
| Cooling | Central A/C |
| Possession | 0-30 Days CD |
| Roof | Flat |
| Zoning | C-1 |
| Construction Materials | Masonry |
| Year Built | 1952 |
| Property SubType | Retail |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Business Type | Restaurant/Bar |
| Accessibility | Other |
| County | ARLINGTON |
| New Construction | No |
| Property Type | Commercial Sale |
| Subdivision Name | BRANDON VILLAGE |
| Possible Use | Restaurant,Retail,Bar/Tavern/Lounge |
| Water Access Y/N | No |
| Property Use | Investment |
| Status | ACTIVE UNDER CONTRACT |
| Directions | Off of Wilson Blvd |
| ModificationTimestamp | 2024-04-19T04:02:39 |
| City | ARLINGTON |
| Buyer Agent Compensation | 3 |
| Lot Size Square Feet | 4073.00 |
| Tax Assessed Value | 982200.0 |
| Waterfront Y/N | No |
| Street Name | WILSON |
| Tax Annual Amount | 11344.0 |
| Property Condition | Average |
| Price Per Sq Ft | 1162.16 |
| Acceptable Financing | Cash,Conventional |
| Vacation Rental Y/N | No |
| Days on Market | 254 |
| Standard Status | Active Under Contract |
| Year Built Source | Assessor |
| Tax Lot | 109 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Natural Gas |
|---|---|
| Hot Water | Natural Gas |
| Total Stories | 2 |
| Heating Y/N | Yes |
| Street Suffix | BOULEVARD |
| Central Air Y/N | Yes |
Exterior Features
| Parking Features | Surface |
|---|---|
| Lot Features | Front Yard,Rear Yard,Road Frontage |
| Water Source | Public |
| Total Parking Spaces | 5 |
| Type of Parking | Other,Driveway |
| Land Use Code | 012 |
| Water View Y/N | No |
| Building Area Total | 1850.00 |
| Lot Size Acres | 0.09 |
| Road Surface Type | Paved,Access - Above Grade |
| Lot Size Units | Square Feet |
| Lot Size Source | Assessor |
| Land Assessed Value | 220300.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| Car Parking Spaces | 4 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Contingent Average in 22205
Price
Taxes
Visits
Year Built
Walkscore
© BRIGHT, All Rights Reserved
