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$ 795,000
Est. payment /mo
Pending
2300 N.Pershing Dr #B Arlington, VA 22201
1 Bath
1,778 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status pending
Purchase Type For Sale
Square Footage 1,778 sqft
Price per Sqft $447
MLS Listing ID 11939914
Half Baths 2
Year Built 2004
Property Description
AUCTIONING OFF AT OR ABOVE $795,000 ON AUGUST 27TH @ 12pm !!! 2300 N. Pershing Drive - Retail Space 2 (Unit B), Arlington, VA 22201 Ground-Floor Retail Condominium · 1,778 SF · The Bromptons at Lyon Park SIMULCAST AUCTION EVENT WITH ONLINE AND ON-SITE, IN-PERSON BIDDING Property being sold AS-IS, WHERE IS through a simulcast auction event with online and in person bidding. List price is reserve. There is a 10% buyers premium added to the high bid. Closing in 30 days. A rare opportunity to acquire a ground-level retail condominium in one of Northern Virginia's most desirable submarkets. Located on a high-visibility corner near N. Pershing Drive and N. Wayne Street, the unit sits within The Bromptons at Lyon Park, a Class A building with an established mix of office, service, retail, and dining tenants. Ideal for investors, owner-users, or portfolio expansion. Built-In Dual-Tenant Flexibility The 1,778 SF is demised into two separately metered suites, giving the next owner real optionality: lease both suites for two income streams, occupy one and lease the other to offset carrying costs, or combine into a single footprint. Each suite offers a street-front entrance on N. Pershing Drive plus rear parking-lot access for staff and deliveries. Both units were rented for a combined $13,000 a month. Total Condo Fees are $1035.74 per month. Parking - The Arlington Advantage Free, abundant parking in the large rear lot solves the single biggest hurdle for close-in Arlington retail. The building offers 60 spaces, a parking ratio of 28.12 per 1,000 SF - exceptional for a transit-rich, walkable location. Building & Unit Facts Building: Class A, three stories, 34,974 SF, built 2004 Unit: Retail Space 2 / Unit B, Parcel ID 18-058-025, 1,778 SF Zoning: C-1 · Recessed lighting and A/C 2025 Tax Assessment: $900,900 Prime Location Set in the established Lyon Park neighborhood among luxury apartments, retail, and dining, the property is roughly five minutes from I-395, I-66, Rosslyn, Clarendon, Crystal City, Amazon HQ2, Reagan National Airport, and Washington, DC. The surrounding customer base is young and affluent - Lyon Village's average resident is 31 with a median household income of $141,736. The Income Case Arlington's retail fundamentals support strong rent potential, with average asking rents near $47/SF - pointing to gross rental potential of $80,000+ per year at market, drawn from one tenant or diversified across two. Amazon's $2.53B HQ2 investment (nearly 8,500 employees on-site, targeting 25,000 jobs by 2038) continues to deepen daytime demand across the corridor. Why It Sells Itself Two separately metered suites - lease, occupy, or split income from day one 60 free on-site parking spaces - the feature Arlington tenants prize most Dual street-front and rear access Class A corner building in an established retail/dining/office mix Affluent, walkable, six-figure-income customer base C-1 zoning supporting broad retail, service, and office uses Market rents near $47/SF with embedded upside
Location
State VA
County Arlington County
Rooms
Dining Room 0
Kitchen 0
Building
Sewer Municipal
Water Municipal
Structure Type Frame
Others
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