Property Details!
Office building in fantastic location in the heart of the City of Falls Church. Across the street from City Hall. Walk to stores, restaurants, including Northside Social. Approximately 1 mile to the East Falls Church Metro. Bus stop at building. Ideal location for future redevelopment. Zoning allows for office, school use and some retail/service businesses. Plenty of parking in prime downtown Falls Church location. Fully leased to multiple small tenants. Usually a waiting list for new tenants. Low maintenance and easy management. Leases are flexible if new owner wants to occupy some or all of the building. 6% cap rate. Adjacent building sold for $625/sf. This building is being offered at $334/sf. Income upside. Great buy and hold or redevelopment project now. Excellent 1031 property.
Property Details
MLS #
VAFA2003358
Property Type
Commercial Sale
Listing Status
ACTIVE
Listing Price
$4,200,000
Year Built
1961
Lot Acreage
NA
Subdivision
City
FALLS CHURCH
County
FALLS CHURCH CITY
Water Source
Public
Sewer
Public Sewer
Zoning
COMMERCI
Exterior Details
Home Type
Parking
Parking Lot
On Street
On Street
Interior Details
Interior Space
sq ft
Heating
Electric,Natural Gas - Hot Water
Cooling
Electric - None
Hot Water
Electric,Natural Gas
Flooring
Carpet
Luxury Vinyl Plank
Luxury Vinyl Plank
Accessibility Features
None
Financial Details
County Tax
$27,634.00
Special Tax Assessment
$0
Tax Year
2025
Total Assessment
$2,332,000
Total Taxes
$27,634
Listing Courtesy of
Listing Office
Anderson Real Estate Associate
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