Two-Unit Commercial Office Condo in Fairfax

Investment Overview

Two separately deeded office condominium units within Building B of Old Lee Plaza — 1,308 SF on the ground floor and 1,274 SF directly above — are being offered together at $625,000, delivering a combined 2,582 SF of CR-zoned professional office space in the heart of Fairfax City. Both units are vacant and available for immediate occupancy or lease-up, with no existing tenants to navigate and no transition period. Each unit carries its own tax parcel, its own condo documents, and can ultimately be held, leased, or sold independently. For the owner-user, the case is direct: acquire both floors, consolidate into a unified office operation, and convert leasing costs into a fixed-basis asset that builds equity over time. The stacked configuration works well for a growing professional services firm that needs separation between functions — client-facing space on one floor, administrative or back-office on the other. CR zoning accommodates attorneys, CPAs, financial advisors, insurance professionals, property managers, healthcare practitioners, and a range of other professional users without special exception or additional approvals. For the investor, both units arriving vacant is a clean starting point. Fairfax City's professional services market supports office rents in the $24 to $28 per SF range, with stabilized income across both units projected at $62,000 to $72,000 annually. Lease them individually to separate tenants, reducing concentration risk, or attract a single user across both floors. Either way, the two-parcel structure preserves future optionality — hold and collect income, or sell each unit independently into a submarket with consistent owner-user demand and CoStar-confirmed sale comps ranging from $206 to $247 per SF on comparable product. Brick construction, central air, shared surface parking, and a professionally managed condo association with no known special assessments round out a low-maintenance acquisition. Combined condo dues of approximately $8,878 annually are the primary operating cost. At $242 per SF, this offering represents a disciplined entry into Fairfax City commercial ownership with immediate flexibility and multiple paths to value.

Investment Highlights

• Two separately deeded office condo units totaling 2,582 SF — stacked within the same building, each with its own tax parcel, offering portfolio flexibility and independent future disposition
• Both units delivered vacant — occupy immediately, lease one or both at market rates, or configure as a single integrated office operation across two floors
• CR (Commercial Retail) zoning accommodates a wide range of professional uses including legal, financial, medical, title, and administrative without special exception
• Brick construction, central air, and shared surface parking within an established, professionally managed condo association — no special assessments known
• Priced at $242/SF combined — consistent with recent CoStar-confirmed submarket comps ranging from $206 to $247/SF on comparable vintage product
• Ideal for a professional services firm seeking an owned Fairfax City presence, or an investor acquiring two vacant, leasable assets with a built-in owner-user exit