101 Broad StFalls Church, VA 22046

Property Details for 101 Broad St

Year built

1980

Construction

TYPE NOT SPECIFIED

Lot size

2.68 AC

Property size (Sq ft)

91,098 SF

Zone code

B-2 CENTRAL.BUSINESS

Property type

Office properties

Property subtype

Other office properties

APN

52-305-027

APU

52305027

Description

George Mason Square presents a unique opportunity to lease a substantial 85,708-square-foot executive office space in the heart of Falls Church, Virginia. This exceptional property comprises three buildings arranged around a central plaza, offering a prestigious and convenient location. Built in 1987, the property is situated at 101, 103, & 105 W Broad St, Falls Church, VA 22046, providing easy access to the East Falls Church Metro station (just 5 minutes away) and a variety of nearby amenities. The entire space is currently vacant, presenting a blank canvas for a large-scale tenant or the potential for subdivision. The property's classification includes both retail and office space, reflecting its versatile nature and potential for diverse uses. With a total of one suite across three buildings, this property offers a unique opportunity for a single tenant seeking a significant presence in a thriving location. The property's location in Falls Church, within Falls Church County, offers excellent visibility and accessibility. The substantial square footage makes it ideal for a variety of businesses seeking a prominent and well-connected location in Northern Virginia. This is a rare opportunity to secure a large, high-profile office space in a highly desirable area.

• CAP approach

  CAP return

  Valuation

  6%

  $20,121,982

  6.5%

  $18,574,136

  7%

  $17,247,412

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,977,600

  Geo Method

  $15,214,277

• Alternative Use

  Use

  Valuation

  Residential

  $23,031,930

  Hospitality

  $21,097,124

  Educational

  $17,552,560

  Medical

  $18,156,218

  Retail

  $27,303,980

Location Insight

City

Falls Church

County

Falls Church City

State

Virginia

Latitude

38.8821

Longitude

-77.1722

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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