Description
Office building in fantastic location in the heart of the City of Falls Church. Across the street from City Hall. Walk to stores, restaurants, including Northside Social. Approximately 1 mile to the East Falls Church Metro. Bus stop at building. Ideal location for future redevelopment. Zoning allows for office, school use and some retail/service businesses. Plenty of parking in prime downtown Falls Church location. Fully leased to multiple small tenants. Usually a waiting list for new tenants. Low maintenance and easy management. Leases are flexible if new owner wants to occupy some or all of the building. 6% cap rate. Adjacent building sold for $625/sf. This building is being offered at $334/sf. Income upside. Great buy and hold or redevelopment project now. Excellent 1031 property.
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0.53ACRES
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01/2 BATHS
Description
Office building in fantastic location in the heart of the City of Falls Church. Across the street from City Hall. Walk to stores, restaurants, including Northside Social. Approximately 1 mile to the East Falls Church Metro. Bus stop at building. Ideal location for future redevelopment. Zoning allows for office, school use and some retail/service businesses. Plenty of parking in prime downtown Falls Church location. Fully leased to multiple small tenants. Usually a waiting list for new tenants. Low maintenance and easy management. Leases are flexible if new owner wants to occupy some or all of the building. 6% cap rate. Adjacent building sold for $625/sf. This building is being offered at $334/sf. Income upside. Great buy and hold or redevelopment project now. Excellent 1031 property.
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