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2235 Cedar Ln
Vienna, VA 22182 Old Courthouse

$900,000 USD

Medical Condo For Sale  •  2,500 SF

Property Details

  • Property Type Medical
  • Total Building Size 15,000 SF
  • Lot Size 0.67 AC
  • Building Class B
  • Year Built 1983
  • Cap Rate 7.62 %
  • Tenancy Multiple
  • Zoning C-6, County
40 Transit Score
60 Walk Score

1 Unit Available

Name Condo Use Size Price Details
2nd Floor - Unit 201 Medical 2,500 SF $900,000 USD
  • Unit Size: 2,500 SF
  • Condo Use: Medical
  • Price: $900,000 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $360.00 USD
Description
This 2,500 square foot medical office presents a prime opportunity for businesses in search of a strategic and accessible location, Or investors seeking great returns. Currently configured as a sleep study center, The unit includes a welcoming waiting room, a receptionist area, three private offices, a lab/technician room with a sink, a kitchen with a sink, a laundry closet with hookups, and three bedrooms, each with its own en-suite full bathroom. With windows on three sides, the space is bright and airy, complemented by a sprinkler system, beautiful wood and tile flooring. The brick building features secure access, an elevator, bathrooms on each level, and ample parking. Condo fee covers Electricity, Water/Sewer, Gas, Heating and AC in addition to common area maintenance, building insurance etc. Located just minutes from Metro stations, Tysons Corner, Fairfax Hospital, and I-495, it offers easy access for clients and employees alike. With a vibrant community and excellent amenities, along with close proximity to Washington D.C., this location is an attractive proposition for businesses of all sizes. The surrounding area boasts a variety of retail, dining, and recreational options, further enhancing the appeal of this office space. Whether you are looking to establish a new presence or expand your current operations, this location offers a valuable opportunity. The lease extends until January 2027 with a return over 7% based on a $950K sales price. The office can continue to operate as a sleep study center, or it can be transformed into a dental practice, spa, or any other professional office use.

Sale Notes
Current Lease expires Jan 2027

Description

This 2,500 square foot medical office presents a prime opportunity for businesses in search of a strategic and accessible location, Or investors seeking great returns. Currently configured as a sleep study center, The unit includes a welcoming waiting room, a receptionist area, three private offices, a lab/technician room with a sink, a kitchen with a sink, a laundry closet with hookups, and three bedrooms, each with its own en-suite full bathroom. With windows on three sides, the space is bright and airy, complemented by a sprinkler system, beautiful wood and tile flooring. The brick building features secure access, an elevator, bathrooms on each level, and ample parking. Condo fee covers Electricity, Water/Sewer, Gas, Heating and AC in addition to common area maintenance, building insurance etc. Located just minutes from Metro stations, Tysons Corner, Fairfax Hospital, and I-495, it offers easy access for clients and employees alike. With a vibrant community and excellent amenities, along with close proximity to Washington D.C., this location is an attractive proposition for businesses of all sizes. The surrounding area boasts a variety of retail, dining, and recreational options, further enhancing the appeal of this office space. Whether you are looking to establish a new presence or expand your current operations, this location offers a valuable opportunity. The lease extends until January 2027 with a return over 7% based on a $950K sales price. The office can continue to operate as a sleep study center, or it can be transformed into a dental practice, spa, or any other professional office use.

Highlights

Cap rate close to 8%
Great floor plan with bathrooms, laundry room, and sinks.
Prime location
Plenty of parkings
Fully occupied building

Property Flyers

Cap Rate: 7.62 %

Major Tenants

Tenant SF Occupied Lease End Date
Sleep Disorder Centers of Mid-Atlantic 2,050 SF 1/31/2027

Amenities

  • 24 Hour Access
  • Bus Line
  • Controlled Access
  • Commuter Rail
  • Metro/Subway
  • Kitchen
  • Central Heating
  • Demised WC facilities
  • Natural Light
  • Partitioned Offices
  • Drop Ceiling
  • Hardwood Floors
  • Outdoor Seating
  • Air Conditioning

Public Transportation

AirportDriveWalkDistance
Ronald Reagan Washington Ntl 26 min - 14.7 mi
Washington Dulles International 29 min - 16.4 mi
Baltimore/Washington International Thurgood Marshall 64 min - 47.1 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 55
Type: Surface
Included in Rent: Yes
Kathy Xu 301-254-3671 RE/MAX
Kathy Xu 301-254-3671 RE/MAX