Fairfax is probably one of the best places to live in Virginia if you have a family or lurk for suburban life with a touch of urbanity. It has everything people of all ages need – great coffee shops, restaurants, playgrounds, parks, libraries, etc. This place can boast highly-rated public schools, great colleges, and excellent public transportation.
The city is developing fast. Despite the growing population, the affordable prices make Fairfax a desirable place to live, especially for younger people. Its residents would gladly say that this suburb has a breath of D.C. living but in a much affordable manner.
Fairfax is a community with many properties that add value to it. Most real estates in this area are private ownership, which means this suburban area has an excellent economy. One bright example is a building located at 3018 Javier Rd. It’s a mixed-used facility owned by Capital Commercial Properties. The company’s CEO, Norman Ebenstein, passed away a few years ago, but he left the management to his son Douglas.
Benefits of Mixed-Use Facilities
Mixed-use buildings are a great idea to meet any city’s specific location and demographic needs. In Fairfax, entire areas have properties that perfectly combine residential, commercial, and cultural facilities. They can save a lot of space, increase the single property’s value, and enhance the environment.
Another common benefit of mixed-use facilities is the convenience they offer to residents. A building with several services under one roof will save people time and money. You don’t have to drive to another street or town part when you have all you need in one place. That cuts traffic and pollution and is more eco-friendly. These developments also have a greater sense of place, community, and sustainability.
Connection and Socialization
An already-mentioned property in 3018 Javier, Rd. houses a successful real estate company and a children’s daycare. Nearby, similar two-story buildings accommodate a general hospital, construction company, several private practitioners, and travel agency. Although these facilities were built more than 40 years ago, they are renovated and highly functional.
Properly-used public space can make a big difference to a community’s overall value. The neighborhood in Javier Rd. is desirable for many companies to move their offices. People come here because they need some service, and probably spend a lot of time there, making the environment busy. And when people buzz around, that improves the community atmosphere.
Benefits for Investors
Besides efficiency, mixed-use facilities are attractive for real estate investors. They increase the return on investment and provide a diverse mix of uses. These developments attract tenants with varying needs and budgets. On this page, you can inform about how to bring new investors to your town.
So for investors, mixed-use facilities mean higher ROIs, as they have residential and commercial space to rent or sell. That adds up some diversification to their investment portfolios. Moreover, mixed-use properties are often vertically stacked, making them an incredibly efficient option for developers.
How Real Estate Adds Value to Community
The practice of reusing or converting the existing real estate to add value to a community has a long history. As already mentioned, a building at 3018 Javier, Rd. is made to be an office facility, as the entire neighborhood is conceived as a commercial area. It wasn’t ever repurposed, but that doesn’t diminish its impact on the community.
Nowadays, this building houses children’s daycare – Ladubug Academy. That’s handy information for couples planning kids or young parents who want to start their new life in Fairfax. And with lots of young people showing interest in living in this area, an increase in the community’s property value is expected.
Using this information, real estate owners in Fairfax can use a value-add program that would improve their properties. These initiatives will increase the demand for housing in the area and attract new tenants to the region.
A value-add plan gives investors more control over the outcome of a real estate project. It allows the investors to control the design and location of residential, commercial, or mixed facilities. Exterior improvements can increase a community’s appeal. These small things give people more of what they want, so they remain there and invest in your property.
Better Local Economy
Mixed-use facilities like those in Javier, Rd. support the local economy and business development. As already mentioned, these buildings provide a great convenience for visitors. They accommodate everything people need within a few tens or hundreds of meters. That increased foot traffic appeals to new clientele, making this place attractive.
Mixed-use facilities can attract more interest than stand-alone shops or malls. And when the neighborhood has more services to offer, more people will come. And investors love busy places. That’s how a vicious circle is created, contributing to a better Fairfax economy.
The neighborhood around 3018 Javier Rd. is transit-friendly. But the proximity and the content of this area will allow people to walk this far. It’s a friendly, green neighborhood, so they will feel good coming there on foot. That way, they can save money on gas and reduce their carbon footprint.
Mixed-use buildings provide people with everything they need in one place. There’s no need for driving around and emitting all those exhaust gases. Also, the community can save money on transportation and reuse it for some other local benefit.
Below, find some handy tips on reducing the community’s carbon footprint:
Mixed-use buildings offer everything people need. But great roads make it super-convenient for everyone to come to 3018 Javier Rd. by car. There’s a large parking area in front of the building, and you can find a lot even during rush hours. But in most cases, there’s no need for cars, which can reduce pollution and improve people’s budgets.
A community like Fairfax, with great content and a healthy environment, will always be attractive to investors. Also, people looking for new homes will gladly consider communities like this one. Besides welcoming new residents and clientele, mixed-use buildings in this area can boost property value and reduce its carbon footprint.