Fairfax City Development Site

Strategically positioned directly on Route 50 (Fairfax Boulevard), one of the most heavily trafficked arterials in Northern Virginia, 10829 Fairfax Boulevard offers a rare 1.09-acre corner pad with unobstructed frontage along the region's primary east-west commercial spine. The Route 50 corridor carries 18,000 to 48,000 vehicles per day, delivering extraordinary daily exposure to consumer and commuter traffic moving between Washington, D.C., Fairfax City's Old Town, George Mason University, and the Dulles employment corridor. The site benefits from a signalized hard corner at Fairchester Drive with a tabled crosswalk, full turn-in access, and adjacency to immediate national retail, multifamily, and townhome density. The City of Fairfax recently awarded a $1.73 million contract to fully rebuild this section of Route 50, ensuring an upgraded streetscape and pristine roadway condition fronting the property upon completion in 2026. The location captures one of the wealthiest and fastest-growing micro-markets in the Washington metropolitan area. Fairfax City's 2026 population reached 27,420 residents, growing 13.4% since the 2020 census at an annual rate of 2.01%, far outpacing national growth. Median household income sits at $132,774, representing 169% of the U.S. median, with the 45-to-64 cohort earning a median of $168,015 and the 25-to-44 cohort earning $150,374, both prime demographics for restaurant, retail, and medical tenants. The surrounding Fairfax County trade area extends this affluence to scale, with 1,147,837 residents and an average annual household income of $195,941. Median home values in Fairfax City reached $722,600 in 2024, up 6.67% year-over-year, signaling sustained household wealth and consumer spending capacity directly within the property's catchment. Fairfax City is in the middle of a generational redevelopment cycle that is reshaping demand for ground-floor commercial along the Route 50 corridor. In July 2025, the City Council approved rezoning for up to 276 apartments at 4131 Chain Bridge Road and conditionally advanced a separate 243-unit, six-story apartment project in the downtown core, both within minutes of the property and both designed to deliver new daytime population and disposable income to the immediate corridor. The adjacent Jermantown Road corridor received $9.5 million in Smart Scale funding in June 2025 for design beginning in FY 2026, a significant public infrastructure commitment to the western Fairfax City gateway. Fairfax County's economy is anchored by Professional, Scientific & Technical Services (141,799 workers), Public Administration (72,735), and Health Care & Social Assistance (58,044), three sectors that drive consistent demand for the exact mix of restaurant, retail, medical office, and professional service uses this fully entitled pad site is approved to accommodate by-right.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.