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Falls Church,VA 22046
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID VAFA2003358
Year Built 1961
Annual Tax Amount $27,634
Tax Year 2025
Lot Size 0.527 Acres
Acres 0.53
Property Sub-Type Office
Source BRIGHT
Property Description
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.
Location
State VA
County Falls Church City
Zoning COMMERCIAL
Interior
Hot Water Electric,Natural Gas
Heating Baseboard - Hot Water,Hot Water
Cooling None
Flooring Carpet,Luxury Vinyl Plank
Heat Source Natural Gas,Electric
Exterior
Garage Spaces 30.0
Water Access N
View City
Roof Type Flat
Street Surface Concrete
Accessibility None
Total Parking Spaces 30
Garage N
Building
Lot Description Corner
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Falls Church City Public Schools
Others
Tax ID 51-106-007
Ownership Fee Simple
Acceptable Financing Cash,Conventional,Installment Sale,Lease Purchase,Private
Listing Terms Cash,Conventional,Installment Sale,Lease Purchase,Private
Financing Cash,Conventional,Installment Sale,Lease Purchase,Private
Special Listing Condition Standard