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Unit Size: 1,778 SF
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Condo Use: Retail
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Price: $795,000 USD
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Sale Type: Investment or Owner User
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Price/SF: $447.13 USD
Description
PROPERTY IS BEING SOLD TO THE HIGHEST BIDDER AT OR ABOVE $795,000. TAX ASSESSED AT $910,000. AREA MARKET COMPS ARE $1.1 MILLION TO $1.3 MILLION
The Bromptons at Lyon Park Retail Auction. Ground-Floor Retail Condo · Two Separately Metered Suites · Arlington, VA 22201
SIMULCAST AUCTION EVENT; ONLINE AND IN-PERSON BIDDING. Ground-floor retail condominium in the heart of Arlington's Lyon Park, inside the Class A Bromptons at Lyon Park building. Previously rented for $13,000 a month. Condo fees are $1035.74 per month. 1,778 SF already demised into two separately metered suites with street-front entrances on N. Pershing Drive plus rear parking-lot access. Abundant free on-site parking ( 90 SPACES), C-1 zoning, and a location minutes from Clarendon, Rosslyn, Crystal City, Amazon HQ2, and Reagan National Airport. The in-person bidding will start at 11 AM and will be held onsite at the property's location
2300 N. Pershing Drive – Retail Space 2 (Unit B), Arlington, VA 22201 Ground-Floor Retail Condominium · 1,778 SF · The Bromptons at Lyon Park
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 90 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
90 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
Sale Notes
PROPERTY IS BEING SOLD TO THE HIGHEST BID AT OR ABOVE $795,000. TAX ASSESSED AT $910,000. AREA MARKET COMPS ARE $1.1 MILLION TO $1.3 MILLION SIMULCAST AUCTION – ONLINE & ON-SITE BIDDING. AUCTION ENDS AUGUST 27 @ 12 PM. Property is being sold As-is, where-is with no warranty.
Tim Dudley
Dudley Resources