See Home Value
Arlington 22201 Lyon Park
2300 N PERSHING DR #A
$1,255,000
Commercial - Off Market

2300 N PERSHING DR #A

ARLINGTON, VA 22201
bedrooms
Studio
bathrooms
0 Bath
$5,893
Estimated Monthly

About This Property

Presenting an exceptional commercial real estate opportunity at the corner of N. Pershing and N. Wayne in Arlington, this former restaurant is available for new ownership.  Located in the thriving neighborhood of Lyon Park surrounded by luxury apartments and an array of shops including Bon Chon, El Fuego, Paisano's, plus beauty salons and nail shops, this property enjoys a prime spot in the heart of the action close to Fort Myer.

Step inside to discover an 18' x 48' dining area with a welcoming tile floor and a high, open ceiling, creating an airy atmosphere.  The property is being sold in "As Is" condition with all existing furniture, fixtures, and equipment (FF&E) currently on site.  The property comes with a comprehensive set of kitchen and restaurant equipment, including deli cases, a beverage case, commercial kitchen appliances, a Point of Sale (POS) system, and more.  The kitchen boasts essential equipment such as an AutoDoner vertical broiler, deep fryer, flat top grill, rotisserie, two Rational convection ovens, and two CaptiveAire hoods with Ansul fire suppression, ensuring efficient and safe food preparation.  Other features include a Hobart commercial dishwasher, a large 3-sink dishwashing station, and a Delfield prep table.  Food storage is well-covered with two 3-door freezers, one of which is a True brand, and a True brand two-door stand-alone refrigerator.  All equipment is approximately 15 years old, installed in 2008.  Additionally, the dining room includes two TVs, a half dozen cameras, and sound speakers catering to entertainment and security requirements.  

The interior furnishings include approximately 11 regular tables, 5 high top tables, and 34 chairs, offering flexibility in terms of seating arrangement.  There are two bathrooms and a rear office and storage closet.  Parking is convenient with a large, free parking lot located behind the building.  The property also features a large 800 SF outdoor patio seating area, providing an inviting space for al fresco dining.  The condo fee is $1,003.63 per month.  Whether you aspire to launch a new culinary venture or plan to adapt the space for alternative uses, this real estate opportunity offers great potential.

This property is being sold by a Bankruptcy Trustee. There is a pending offer subject to higher and better bids. The sale hearing date is scheduled for Tuesday, December 19th @ 11am.  Contact listing agent for details.
Unit Size
-
Days on Market
14 days
Land Size
-
Price per sqft
-
Property Type
Commercial
Property Taxes
$743
HOA Dues
-
Year Built
-
Last updated: 22 days ago (Bright MLS #VAAR2036874)

Price History

Date / Event Date Event Price
Jan 2, 2024 Sold $1,255,000
Sold
Oct 12, 2023 Listed by CENTURY 21 Commercial New Millennium $1,200,000
Listed by CENTURY 21 Commercial New Millennium
Sep 28, 2020 No longer available -
No longer available
Jun 26, 2020 Listed $1,900,000
Listed
Prime Turn-Key Restaurant in sought after Lyon Park (6 blocks to Clarendon). Corner location offers excellent visibility with signage on 3 sides of the building. Owner-occupied since new, the interior is configured with about 60% open dining, with additional dining area of approx. 850 SF on the outdoor patio. A service counter and food display cases separate the dining area from the kitchen. There are 2 bathrooms on premises. Abundant parking in the common area parking lot to the rear of…
Apr 8, 2020 No longer available -
No longer available
Show More

Property Highlights

Parking Available
Elevator
Air Conditioning
Parking Details
Parking Features: Parking Lot
Total Garage and Parking Spaces: 20
Exterior Details

Property Information

Property Manager Present
Ownership Interest: Condominium
Year Built Source: Estimated

Building Information

Construction Materials: Brick

Lot Information

Tidal Water: N

Land Information

Land Assessed Value: $774,300


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
4 Beds
2 Baths
1,470 ft²
$769/ft²
$1,130,000 Jan 18, 2024
$1,130,000 Apr 9, 2024
-
House
3 Beds
3 Baths
2,531 ft²
$515/ft²
$1,304,239 Apr 4, 2024
$1,304,239 Apr 29, 2024
-
House
4 Beds
4 Baths
1,380 ft²
$895/ft²
$1,235,000 Feb 2, 2023
$1,235,000 Feb 28, 2023
-
Townhouse
3 Beds
4 Baths
2,160 ft²
$507/ft²
$1,095,000 Aug 2, 2023
$1,095,000 Sep 8, 2023
$100/mo
House
3 Beds
2 Baths
1,686 ft²
$623/ft²
$1,051,000 Mar 21, 2024
$1,051,000 Apr 9, 2024
-
House
4 Beds
4 Baths
1,612 ft²
$806/ft²
$1,300,000 Sep 19, 2023
$1,300,000 Dec 22, 2023
-
Condo
2 Beds
2 Baths
1,390 ft²
$788/ft²
$1,095,000 Apr 11, 2024
-
-
Condo
2 Beds
2 Baths
1,337 ft²
$823/ft²
$1,100,000 Apr 3, 2024
-
-
Condo
2 Beds
2 Baths
1,530 ft²
$654/ft²
$999,990 Apr 15, 2024
-
-
Condo
3 Beds
3 Baths
1,832 ft²
$560/ft²
$1,025,000 May 1, 2024
-
-
Condo
2 Beds
2 Baths
1,287 ft²
$754/ft²
$970,000 Aug 18, 2023
-
-
House
4 Beds
3 Baths
2,267 ft²
$582/ft²
$1,319,000 Apr 26, 2024
-
-

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20231012 Unit A
10/12/2023
A
Loft
-
-
$1,200,000
bedrooms
Loft
bathrooms
-
$1,255,000 +4.58%
01/02/2024
-
Stephen Karbelk
CENTURY 21 New Millennium
20230324 Unit 1
03/24/2023
1
Loft
-
-
$1,100,000
bedrooms
Loft
bathrooms
-
-
-
-
Daniel Carrillo
Taylor Properties
20220919 Unit 1
09/19/2022
1
Loft
-
-
$1,100,000
bedrooms
Loft
bathrooms
-
-
-
-
Daniel Carrillo
Taylor Properties
20201023
10/23/2020
Loft
-
-
$1,899,000
bedrooms
Loft
bathrooms
-
-
-
-
-
20200626 Unit A
06/26/2020
A
Loft
-
-
$1,900,000
bedrooms
Loft
bathrooms
-
-
-
-
-
20190919 Unit A
09/19/2019
A
Studio
-
-
$1,900,000
bedrooms
Studio
bathrooms
-
-
-
-
-

Building Info

2300 North Pershing Drive 2300 North Pershing Drive, Arlington, VA 22201
  • 3 Units for Sale
More about this Building
2300 North Pershing Drive
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About Lyon Park


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