Fairfax City Development Site
Subject to Offer
Marketing description
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
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Zoning
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
