Description
This prime commercial property in Falls Church, VA offers a lucrative investment opportunity. Located at 256 N Washington St, this three-story office building is currently leased to long-term tenants with leases extending until mid-2026 and 2027, ensuring stable rental income for the new owner.The property is zoned B-1 (Business Limited) and is priced $68,700 below its tax-assessed value of $1,058,700, making it an enticing investment opportunity. The location provides high visibility on Washington St (Route 29), less than a mile from the East Falls Church Metro station. Nearby amenities enhancing convenience for both employees and clients.Offered at $990,000, this property is priced below its tax-assessed value, presenting a rare chance to acquire a fee simple commercial asset with secure rental income and potential for future appreciation.
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Description
This prime commercial property in Falls Church, VA offers a lucrative investment opportunity. Located at 256 N Washington St, this three-story office building is currently leased to long-term tenants with leases extending until mid-2026 and 2027, ensuring stable rental income for the new owner.The property is zoned B-1 (Business Limited) and is priced $68,700 below its tax-assessed value of $1,058,700, making it an enticing investment opportunity. The location provides high visibility on Washington St (Route 29), less than a mile from the East Falls Church Metro station. Nearby amenities enhancing convenience for both employees and clients.Offered at $990,000, this property is priced below its tax-assessed value, presenting a rare chance to acquire a fee simple commercial asset with secure rental income and potential for future appreciation.
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