603 Broad StFalls Church, VA 22046

Property Details for 603 Broad St

Year built

1979

Construction

TYPE NOT SPECIFIED

Lot size

0.41 AC

Property size (Sq ft)

5,640 SF

Zone code

B-1 LTD.BUS

Property type

Retail properties

Property subtype

Banks

APN

52-302-248

APU

52302248

Description

This exceptional 889-square-foot retail space is ideally situated at 603 W Broad Street in the vibrant Falls Church, VA (22046) submarket. Located in a former bank building currently undergoing a facade renovation, this property offers a high-visibility corner location with significant street frontage. The space is perfect for a variety of retail uses and boasts a unique opportunity for large outdoor seating, capitalizing on the bustling pedestrian traffic of this desirable area. The property is offered as a single, available unit within a multi-tenant building. Eighteen shared surface parking spaces are available for customer and tenant use, ensuring convenient access for patrons. This prime location in the heart of Falls Church provides excellent exposure and accessibility, making it an ideal opportunity for businesses seeking a thriving retail environment. The building's renovation enhances its curb appeal and modernizes its appearance, creating a welcoming atmosphere for customers. This space presents a rare chance to establish a presence in a highly sought-after Falls Church commercial corridor. Inquire today to learn more about this exceptional retail leasing opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,831,295

  6.5%

  $1,690,426

  7%

  $1,569,682

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,180,738

  Geo Method

  $1,962,788

• Alternative Use

  Use

  Valuation

  Residential

  $1,425,938

  Hospitality

  $1,306,151

  Educational

  $1,086,703

  Medical

  $1,124,076

  Retail

  $1,690,426

Location Insight

City

Falls Church

County

Falls Church City

State

Virginia

Latitude

38.887

Longitude

-77.179

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].