Description
Introducing SPRUCE STREET CENTER ... a recently built 21,000+ SF retail and office space building. Situated in a prime location on Route 28, just 4 miles from Centreville, Route 29 and Route 66. Beautiful, upscale building on 3 levels, with B-1 zoning suitable for many commercial office or retail uses. Almost 7,000 SF on each floor.In addition to having secure, in-place cash flow, this opportunity provides an owner-user to take advantage of the in-place tenancy and significantly offset the cost of occupancy. There is additional upside through the lease up of surplus vacant suites and future rent growth. Extraordinary visibility with amazing direct exposure with an average daily traffic count of over 47,000.Spruce Street Center offers investors the opportunity to invest in a stable, cash-flowing, readily financeable property acquired well below replacement value. Spruce Street Center is well positioned to take advantage of rising rents anticipated from the tightening Northern Virginia office market during a prolonged economic recovery resulting from the end of the Covid 19 pandemic.
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0.82ACRES
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01/2 BATHS
Description
Introducing SPRUCE STREET CENTER ... a recently built 21,000+ SF retail and office space building. Situated in a prime location on Route 28, just 4 miles from Centreville, Route 29 and Route 66. Beautiful, upscale building on 3 levels, with B-1 zoning suitable for many commercial office or retail uses. Almost 7,000 SF on each floor.In addition to having secure, in-place cash flow, this opportunity provides an owner-user to take advantage of the in-place tenancy and significantly offset the cost of occupancy. There is additional upside through the lease up of surplus vacant suites and future rent growth. Extraordinary visibility with amazing direct exposure with an average daily traffic count of over 47,000.Spruce Street Center offers investors the opportunity to invest in a stable, cash-flowing, readily financeable property acquired well below replacement value. Spruce Street Center is well positioned to take advantage of rising rents anticipated from the tightening Northern Virginia office market during a prolonged economic recovery resulting from the end of the Covid 19 pandemic.
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