Property Listing No Longer Available for Sale

459 HERNDON PKWY #7-8A, HERNDON, VA

Others for Sale - $906,300


Property Info

CIMLS#1053061
Location
  459 HERNDON PKWY #7-8A
  HERNDON VA 20170
UpdatedOctober 22nd, 2020
TypeOthers
Price$906,300

Property Description

Rare opportunity to own within walking distance of the Herndon Metro Station. Aggressively priced and perfectly located, this 3,420 SF office condo is ideally suited for any office, educational, or medical business. At $265/SF the cost of ownership is over 20% below market rental rates for comparable properties. Comprised of 2 units, the property has both an interior and exterior entrance, 2 sides of windows, and (double) building signage facing Herndon Pkwy. The unit features exposed ceilings and whiteboard walls with 5 offices, a large conference room, kitchen, 2 bathrooms, and ample, open space for cubes. Parking is free, unreserved, and abundant. The property is located right at the intersection of Spring St and the Fairfax County Parkway, mere minutes from Reston Town Center and Dulles Airport, and within a half mile of the new Herndon Metro Station set to deliver in 2020. With the delivery of the 2nd phase of the Silver Line in 2020, the new owner should see significant appreciation in property values and market rents. Condo fees are only $3.92/SF/yr and cover all common area maintenance.


Financials


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