106 Broad StFalls Church, VA 22046

Property Details for 106 Broad St

Year built

1959

Construction

TYPE NOT SPECIFIED

Lot size

0.33 AC

Property size (Sq ft)

5,720 SF

Zone code

B-2 CENTRAL.BUSINESS

Property type

Retail properties

Property subtype

Retail space

APN

51-105-001

APU

51105001

Description

This exceptional retail property, located at 106 W Broad St in Falls Church, Virginia, presents a unique investment opportunity. The single-tenant building boasts 5,720 square feet of space on a 0.33-acre corner lot, offering excellent visibility and accessibility. Situated at a signalized intersection of Route 7 and Route 29 (Lee Hwy), this location provides unparalleled exposure to high volumes of daily traffic. Convenient access to major roadways, including I-495, I-66, and the Dulles Toll Road, ensures easy commutes for both employees and customers. The property features 13 off-street parking spaces, a significant advantage in this bustling area. The building is a single-story structure, zoned B-2 within the Central Business District of Falls Church. Its proximity to established businesses like Harris Teeter, Dogwood Tavern, and Clare & Don's, further enhances its desirability and potential for success. The entire 5,720 square feet is currently vacant, providing a blank canvas for a new tenant to customize the space to their specific needs. This prime location and substantial square footage make this property an ideal choice for a variety of retail businesses seeking high visibility and convenient access in a thriving community. The property is located in Falls Church, VA, zip code 22046.

• CAP approach

  CAP return

  Valuation

  6%

  $1,857,271

  6.5%

  $1,714,404

  7%

  $1,591,946

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,211,670

  Geo Method

  $2,407,349

• Alternative Use

  Use

  Valuation

  Residential

  $1,446,164

  Hospitality

  $1,324,678

  Educational

  $1,102,117

  Medical

  $1,140,020

  Retail

  $1,714,404

Location Insight

City

Falls Church

County

Falls Church City

State

Virginia

Latitude

38.8826

Longitude

-77.171

CBSA code

47900

CBSA name

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

Property Tax & Assessments

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