248 W Broad St - Storefront Retail/Office FOR SALE


Falls Church, VA 22046
$3,850,000 USD
703-608-7676
248 W Broad St, Falls Church, VA for Sale
$3,850,000 USD
Storefront Retail/Office - FOR SALE
1/13
null | Request Cap Rate

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248 W Broad St
Falls Church, VA 22046


HIGHLIGHTS

  • Prime Falls Church Retail - very low community vacancy rates
  • Est. 25,000+ cars per day
  • 2 Story, 3 units, Retail, office creative and storage

OVERVIEW

Prime Falls Church commercial real estate available for the first time in generations. This 7800 gross square foot building has housed the Falls Church Antique Company for the last 40 years, and is now on the market as the owner looks to retire. He is willing to consider buyers who would like to keep the antiques store as well. Falls Church has some of the lowest retail vacancy rates around often coming in less than 3%, approx 25,000 cars daily, and one of the most affluent zip codes in the country . 2 blocks down from new 43,000 sq ft Whole Foods new mixed use building, and across the street from 2016 built mixed use building with Harris Teeter, with 600+ condos in those two buildings alone. 2 of three roof top AC units replaced in the last 5 years, 1100 sq ft unit outfit with new LED lighting, removed drop ceiling, and general upgrade for 2020 tenant client fit out. Buyer can take over antique mall or have empty building. small half bath in each of the first floor units, larger two bath setup upstairs exist but hasn't been used in years. Unused "dumb waiter" lift exists near rear stairwell. Original Roof. 3 Electric meters, 3 Gas meters. Tenant has concept drawing of added exterior stairwell if desired. A chance to own a commercial property in one of the fastest growing places in the region. Listing agent is owner's son, Matthew Quinn, Virginia Integrity Realty

FOR SALE DETAILS

PRICE

$3,850,000 USD

PRICE/SF

$494 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

undefined, Storefront, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,377 SF

ZONING

OD-MCA

APN/PARCEL ID

51-106-003

ASK ABOUT THIS PROPERTY

Matt QuinnVirginia Integrity Realty, LlcMore Info
703-608-7676

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Matt QuinnVirginia Integrity Realty, LlcMore Info
703-608-7676

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.