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248-252 W Broad St
Falls Church, VA 22046
Retail Property For Sale
Executive Summary
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
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
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
7,800 SF
Year Built
1970
Price
$3,850,000
Price Per SF
$493.59
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.06
Lot Size
0.17 AC
Zoning
OD-MCA - Official Design District - Municipal (Similar to B-1)
Parking
8 Spaces (1.03 Spaces per 1,000 SF Leased)
Frontage
50’ on West Broad Street
Amenities
- 24 Hour Access
- Air Conditioning
Property Taxes
| Parcel Number | 51-106-003 | Improvements Assessment | $2,404,000 |
| Land Assessment | $441,600 | Total Assessment | $2,845,600 |
Property Taxes
Parcel Number
51-106-003
Land Assessment
$441,600
Improvements Assessment
$2,404,000
Total Assessment
$2,845,600
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