Manassas, VA 20111,8395 EUCLID AVE
Manassas, VA 20111,8395 EUCLID AVE
Manassas, VA 20111,8395 EUCLID AVE
$6,800,000
Est. payment /mo
$7,000,000
2.9%
Est.Price: ?

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4.46 Acres Lot
SOLD DATE : 11/30/2022

Key Details

Sold Price $6,800,000

Property Type Commercial

Sub Type Industrial

Listing Status Sold

Purchase Type For Sale

MLS Listing ID VAMP2001024

Sold Date 11/30/22

Originating Board BRIGHT

Year Built 1985

Annual Tax Amount $64,092

Tax Year 2021

Lot Size 4.460 Acres

Acres 4.46

Lot Dimensions 0.00 x 0.00

Property Description

An Investor’s Dream.
Real estate fortunes grow on value add investment opportunities like this one. At 60,450 SF, this brick and cinder block building has 22 units (A-V) and is 100% leased at $116 psf, with below market rents. With a diversified tenant base consisting of 12 different leases predominantly in the automotive industry, this type of industrial property is in high demand with a combination of 10 loading docks and 16 drive in doors.

Location Matters.
Within easy access to US-28, this property is zoned I-1 in Manassas Park and located across the street from Manassas Park Middle School. The property sits on a 4.5 acre lot with 200 parking spaces.

What’s Happening in Manassas Park.
In April 2021, the City of Manassas Park began construction on a public private partnership project to redevelop downtown Manassas Park into a vibrant, pedestrian centric and mixed-use community anchored by a civic, retail and entertainment plaza which includes a newly constructed garage and pedestrian bridge for the VRE station. In addition to a new City Hall, public library, retail and office space, 300 residential units are in the process of being built by Stanley Martin Homes.

For Sale: $7,000,000.00
With Manassas Park’s commitment to redevelopment combined with their public private partnership, the factors are in place for this property to be exactly the kind of real estate opportunity that investors seek.

Location

State VA

County Manassas Park City

Zoning I-1

Interior

Hot Water Other

Heating Other

Cooling Other

Heat Source Other

Exterior

Garage Spaces 203.0

Waterfront N

Water Access N

Accessibility None

Parking Type Parking Lot

Total Parking Spaces 203

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Manassas Park City Public Schools

Others

Tax ID 18-1-36

Ownership Fee Simple

SqFt Source Assessor

Special Listing Condition Standard

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Bright MLS (BMLS)
Listed by Edward B Wright III • Wright Realty, Inc.
Bought with Non Member • Non Subscribing Office
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