Flagship Owner-User Opportunity with Income in the Heart of Downtown Fairfax

Highlights:

• Owner-User with Income: Ideal for an owner-operator to occupy the 10,600 SF lower level, while collecting $305K+ in NOI from two established NNN tenants upstairs—a brewery and Thai restaurant.
• Turnkey Restaurant & Venue Space: The 10,600 SF lower level was built out in 2022 with seating for 280, a stage, full bar, and commercial kitchen—perfect for a restaurant, taproom, or event center.
• Fully Renovated Building: 22,000 SF free-standing building fully modernized in 2021 with new roof, HVAC systems, and elevator.
• Commercial Retail Zoning: Flexible zoning supports a variety of uses including dining, entertainment, and specialty retail.
• Premier Fairfax City Location: Located at a signalized intersection in the heart of downtown, near George Mason University and major commuter routes.
• Strong Investment Value: High-income area, proven tenants, and versatile space position this asset for long-term growth and ROI.

Description:

Own a fully renovated 22,000 SF free-standing retail building in the heart of downtown Fairfax City—with a prime 10,600 SF turnkey restaurant, music venue, and event space now available for occupancy. This spectacular lower-level space was custom built in 2022, featuring:

-Seating capacity for approximately 280 guests
-A professional stage, large bar, and expansive commercial kitchen
-Fully turnkey setup, perfect for a restaurant, brewery taproom, live music venue, or banquet/events space

Two tenants—Commonwealth Brewing Company (7,600 SF) and Courtside Thai (2,550 SF)—remain in place, generating over $305k in annual net operating income under NNN leases, providing predictable cash flow to support operations.

Additional highlights include:
-New roof, new HVAC, and new elevator (2021 renovation)
-Prominent signalized corner location on Main Street (Rt 236) and Chain Bridge Road (Rt 123)
-Zoned Commercial Retail in a high-income, high-growth market
-Street Parking in front of Building, Off-Site Structured Parking with 25 private parking spaces
-Positioned just minutes from George Mason University and surrounded by affluent neighborhoods

This is ideal for a restaurant owner-user to operate a newly built-out space while having rental income from the existing tenants.

Fairfax City, Virginia, boasts a solid economic profile with impressive statistics that underscore its attractiveness for commercial real estate investment. The city’s median household income is approximately $125,000, significantly higher than the national average, reflecting the area’s affluence and spending power. This high household income, paired with a well-educated population where over 60% of residents hold a bachelor’s degree or higher, contributes to a thriving local economy that supports a diverse mix of businesses.

The proximity to George Mason University, Virginia’s largest public research university, injects a dynamic workforce into the city, with over 38,000 students and 6,000 faculty and staff members. This presence not only fosters a culture of innovation but also creates a demand for commercial properties in sectors like retail, dining, and multifamily housing.

Fairfax City’s unemployment rate is consistently lower than the national average, with job growth expected to rise by nearly 34% over the next decade, outpacing national projections. The city’s office market benefits from a strategic location within the D.C. Metro area, attracting businesses in government contracting, tech, and finance. Retail vacancy rates remain low, supported by strong consumer spending and Fairfax City’s reputation as a shopping and dining destination. Commercial property values have shown steady appreciation, and the city’s stable population growth supports continued demand across all property sectors.

With Northern Virginia’s population expected to grow by over 10% in the next decade, Fairfax City is well-positioned for sustained economic growth, making it an ideal spot for investors targeting long-term stability and high occupancy rates.

1 Space Available

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