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8411-8417 Old Courthouse Rd 18,581 SF 100% Leased Retail Building Vienna, VA 22182 For Sale
EXECUTIVE SUMMARY
Capital Investment, LLC, as Exclusive Agent, is pleased to present a rare opportunity to purchase a +/- 18,581 SF shopping center in the heart of Tysons, VA.
The highly visible shopping center is a fully leased asset with stable cash flow and significant long-term redevelopment potential in one of the most dynamic and sought-after markets in Northern Virginia. Strategically located within the South Old Courthouse Subdistrict of Tysons Corner, Virginia, the property has additional density as of right with the maximum Floor Area Ratio (FAR) allowing for up to approximately 42,035 square feet of development based on the site’s total acreage of 1.93 acres. Furthermore, all the long term leases have development clauses that allows the Owner to strategically plan improvements and redevelopment over time.
Rezoning could significantly enhance development potential by offering increased flexibility in use and greater Floor Area Ratios (FAR). The Fairfax County Comprehensive Plan encourages such transitions toward more intensive, mixed-use, urban development, making these parcels attractive for redevelopment aligned with Tysons Corner’s longterm urbanization objectives.
The highly visible shopping center is a fully leased asset with stable cash flow and significant long-term redevelopment potential in one of the most dynamic and sought-after markets in Northern Virginia. Strategically located within the South Old Courthouse Subdistrict of Tysons Corner, Virginia, the property has additional density as of right with the maximum Floor Area Ratio (FAR) allowing for up to approximately 42,035 square feet of development based on the site’s total acreage of 1.93 acres. Furthermore, all the long term leases have development clauses that allows the Owner to strategically plan improvements and redevelopment over time.
Rezoning could significantly enhance development potential by offering increased flexibility in use and greater Floor Area Ratios (FAR). The Fairfax County Comprehensive Plan encourages such transitions toward more intensive, mixed-use, urban development, making these parcels attractive for redevelopment aligned with Tysons Corner’s longterm urbanization objectives.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Building Size
18,581 SF
Building Class
C
Year Built/Renovated
1973/2014
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.22
Lot Size
1.93 AC
Zoning
480
Parking
120 Spaces (6.46 Spaces per 1,000 SF Leased)
Frontage
73’ on Old Courthouse Rd
Walk Score®
Very Walkable (73)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0391-03-0006B | Improvements Assessment | $5,623,213 CAD |
| Land Assessment | $4,540,718 CAD | Total Assessment | $10,163,931 CAD |
PROPERTY TAXES
Parcel Number
0391-03-0006B
Land Assessment
$4,540,718 CAD
Improvements Assessment
$5,623,213 CAD
Total Assessment
$10,163,931 CAD
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8411-8417 Old Courthouse Rd
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