Established Medical Practice + Real Estate for sale! fairfax county va

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Commercial condo $800k & medical practice $300k!
Asking Price:
$1,100,000

Gross Revenue:
 Not Disclosed
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed
included in asking price

FF&E:
 Not Disclosed
included in asking price

Real Estate:
$800,000
included in asking price

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Business Description

Office condo consisting of 2 combined suites (Suite 8 and 9) with a total area of 2779 sq ft. in a great location. Walking distance to Inova Mount Vernon Hospital. Ground floor units with great visibility. Brick exterior. Abundant parking. Has 2 entrances and 2 reception areas, multiple offices and exam rooms, 2 restrooms, one lab, one kitchen area and ample storage space. All furniture and equipment will convey. Total taxes for 2017 was $6,897.45. Condo fee is 583.51 per month for the 2 units and includes water and outside maintenance. Zoned C-5. Additional income is generated from two specialty medical professionals who are currently subleasing space.

This is a well established primary care medical practice in the area for over 30 years. The current owner took over the practice in 1998. There is one full time family practice physician and one part time internal medicine physician with about 1500 active patients. Age range from 6 years old and older but the majority are adults. Payer mix consist of Medicare, Tricare, most major commercial insurances and self pay. Athenahealth EMR and billing. Quest lab with a phlebotomist is in house. Allergy testing and immunotherapy is offered in conjunction with United Allergies. Well trained professional staff most of whom has been with the practice for over 10 years will remain with the practice after the sale. Seller is happy to stay for a negotiable period of time to transition the new buyer and ensure a smooth handover.

About the Business

Year Established:
1993
Number of Employees:
4
Franchise:
Yes
Real Estate:
Owned
Building Sq. Ft.:
2,779
Facilities:
all doctor tables, office tables, office cabinets, & fixtures, reception furniture convey. floor plan & inventory in attached documents
Growth & Expansion:
Fairfax county is the most populous county in VA. Business market mirrors its residential housing market, which combines the best of in- and out-of-city real estate. Its a great option for families who want to combine big city living w/ suburban safety & quality of life. The career options are varied, home values are solid & there is an emphasis on education. More than half of adult residents in Fairfax have earned a bachelor’s degree or higher. It was first U.S. county to reach a six-figure media household income. Fairfax is close to Washington DC & MD
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About the Sale

Reason For Selling:
retirement
Training/Support:
physician will stay for a negotiable period of time to transition the new owner and staff will remain and train additional staff if needed.

Listing Info

ID:
1414453
Ad Detail Views:
212

Attached Files Attachment Disclaimer

  inventory (393 KB)
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  floor plan (1 MB)
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Business Listed by
Marlon Deausen

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U.S. Census Data for Fairfax and Alexandria city Counties, VA
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Fairfax and Alexandria city Counties, VA
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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