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1115 W Broad St
Falls Church, VA 22046
Redevelopment Opportunity · Retail Property For Sale

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INVESTMENT HIGHLIGHTS

  • In the heart of the vibrant retail corridor of W. Broad St.
  • 7 blocks to West Falls Church Metro station
  • Rarely available, M-1 zoning allows for many potential industrial, retail, and commercial uses.
  • 40,689 Sq. Ft. of Land

EXECUTIVE SUMMARY

Arlington Realty, Inc. / Virginia Smith as exclusive agent, is pleased to offer the opportunity to purchase a Prime commercial - retail / industrial development site. Excellent location near downtown Falls Church City. Rarely available, M-1 zoning allows for many potential industrial, retail, and commercial uses. Well suited for potential development of a hotel or storage facility, or mixed-use building, among many other possible uses. The surrounding area has experienced a surge in activity, recently, in redevelopment projects. The Falls Church City comprehensive plan suggests a potential use of “mixed use redevelopment” or “MUR”, in addition to the by-right permitted uses in M-1 and B-3 zoning. MUR requires a minimum project area of 2.5 acres. Part of the property sits in a Resource Protection Area “RPA”, so should the property be redeveloped, an administrative waiver may be required from Falls Church City (see attached).
Existing improvements include the main building, which is comprised of a first floor auto repair shop (currently vacant) and office, with a second floor office space and an event space (owner occupied); an auto body shop that leases the adjoining building to the side/rear; an auto detailing shop that leases the detached 2-level office building at the front and the auto bay to the left side of the main building. Total of 4 tenants. Lease terms are mixed - see broker for details

PROPERTY FACTS Under Contract

Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Auto Repair
Building Size
20,302 SF
Building Class
B
Year Built
1984
Price
$9,641,170 CAD
Price Per SF
$474.89 CAD
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.50
Lot Size
0.93 AC
Zoning
M-1, Falls Church City - Light Industrial (includes all uses permitted by right in B-3 zoning)
Frontage
205’ on Broad St

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
52-102-053
Land Assessment
$3,786,824 CAD
Improvements Assessment
$2,041,543 CAD
Total Assessment
$5,828,366 CAD
  • Listing ID: 30066655

  • Date on Market: 2023-11-15

  • Last Updated:

  • Address: 1115 W Broad St, Falls Church, VA 22046

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