Fairfax City Development Site

Investment Overview

Serafin Real Estate is pleased to offer for sale, subject to offer, a rare 1.09-acre fully entitled commercial pad with direct frontage on Fairfax Boulevard (Route 50), one of Northern Virginia's most heavily trafficked east-west arterials carrying 18,000 to 48,000 vehicles per day. Positioned at the signalized hard corner of Fairchester Drive with full turn-in access, the site is approved by-right for a single-story commercial building from 8,000 to 10,010 SF with 44 dedicated parking spaces. Permitted by-right uses include restaurant and food service with outdoor dining, general retail, general office, medical office, veterinary clinic, and research and development. The approved master development plan delivers a premium street-activated layout with the building pulled forward to Fairfax Boulevard and all parking screened behind, an urban-format configuration that commands stronger rents and resale cap rates than traditional suburban strip sites.

Investment Highlights

• Rare Fully Entitled Route 50 Pad Site — 1.09-acre corner parcel with direct frontage on Fairfax Boulevard (Route 50) at the signalized hard corner of Fairchester Drive, carrying 18,000 to 48,000 vehicles per day
• Approved By-Right Development — Up to 10,010 SF single-story commercial building with 44 dedicated parking spaces, rezoning complete, no public hearings required (BAR Certificate of Appropriateness and site plan approval remain)
• Broad Range of Permitted Uses — Restaurant and food service with outdoor dining, general retail, general office, medical office, veterinary clinic, and research and development
• Premium Street-Activated Site Plan — Building pulled forward to Fairfax Boulevard with all 44 parking spaces screened behind, an urban-format configuration that commands stronger rents and resale cap rates than traditional suburban strip layouts
• Elite Trade Area Demographics — Fairfax City median household income of $132,774 (169% of the U.S. median) and surrounding Fairfax County household income averaging $195,941, with city population growth of 13.4% since the 2020 census
• Strategic Regional Access — 19 miles to Washington Dulles International Airport via Route 50 west, 21 miles to downtown Washington, D.C. via I-66, and immediate access to George Mason University, Old Town Fairfax, and the Dulles employment corridor
• Significant Public and Private Investment Momentum — 500+ new apartments under active redevelopment within minutes of the property, $9.5 million in Smart Scale funding awarded for the adjacent Jermantown Road corridor, and a $1.73 million Route 50 reconstruction completing in 2026 directly fronting the site