Active

5216 Wilson Blvd N

Arlington VA, 22205

$1,900,000


$1,027.03 per sqft

Active

1,850 sqft

Commercial

Built in 1952

NNN INVESTMENT OPPORTUNITY, SALE LEASE-BACK. Minutes from Ballston! Restaurant and Hookah Lounge with late night hours. Owner spent over $120k to renovate the property, including a brand new 15-year warranty roof. Lebanese concept and hookah lounge on "Restaurant" Blvd. Basement lounge featuring a second kitchenette and 18-20 tables, as well as 50-60 seats outdoor on a two tiered 1100 sq ft patio and deck. Sale Lease-back terms offered at 10 years base rent with 2 (5) year options. Absolute NNN 7.53% cap rate; 162k NOI. Great 1031 option!

VAAR2032592

MLS ID

June 21, 2023

Listed

June 11, 2024

Updated

Map

5216 Wilson Blvd N
Arlington VA, 22205

Interior Features

Total Stories

2


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Natural Gas

Exterior/Building Features

Lot Size

0.09 Acres


Sewer

Public Sewer

Other Property Details

Taxes

$11,344


Tax Frequency

Annually


Days on Market

255


Garage

No


Parking Total

5


View

No


County

ARLINGTON


Water Source

Public


Pool

No


Buyer Agency Compensation

3%

Listing History

Date

Event

Price

5/20/2024

Price Change

$1,900,000

-12%

5/20/2024

Active

2/29/2024

Under Contract

Listed by Ahmad Omar Azzarkani, Khaled Al hajbeh with Samson Properties
Listing Contact: 5713599047 

The IDX display contains information sourced from the Bright MLS, Inc. as of 6/11/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 6/11/2024 at 3:48 PM UTC

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