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Property profile & analytics
FOR SALE
Retail space

3435 Washington Blvd Arlington, VA 22201

8,330 SF 0.3 ac lot Built 1961
Trust Owned 11-yr Hold Free & Clear
Property ID
US87-0319459
3435 Washington Blvd, Arlington, VA 22201 For Sale
$8,000,000 8,330 SF
3435 Washington Blvd, Arlington, VA 22201
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Property summary
AI-generated overview

This exceptional 7,330 square foot commercial property located at 3435 Washington Boulevard in Arlington, Virginia, presents a unique investment opportunity. Situated on a 0.3-acre lot, the building is currently vacant and free of any lease agreements, offering immediate flexibility for the new owner. The property's existing use is general commercial, previously suited for automotive purposes, but its adaptable nature allows for a variety of retail uses or complete redevelopment. A significant advantage is the availability of the adjacent parcel at 3427 Washington Boulevard, encompassing 9,433 square feet. Acquiring both properties would create a substantial combined lot size of 22,654 square feet, significantly enhancing redevelopment possibilities. This combined acreage presents substantial potential for larger-scale projects. The sellers demonstrate a commitment to facilitating a smooth transaction by offering to postpone the settlement date until after a contract purchaser secures the necessary redevelopment entitlements. This flexibility minimizes risk and allows ample time for planning and approvals. The property's prime Arlington location offers excellent visibility and accessibility, making it an attractive investment for both established businesses and developers seeking a strategic foothold in a thriving market. The asking price for this significant commercial property is $6,500,000.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1961
Total area 8,330 SF
Lot 0.3 ac (13,221 SF)
Zoning code C-2
APN 15-086-010
UPID US87-0319459
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Pham's Car Care Center Auto Repair Shop
  • Old Ball Family Burial Ground Historical Marker Tour Operator
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.14M
Owner & transaction history
Pham & Nguyen Family Trust · 11 yrs held
Pham & Nguyen Family Trust
since 2015
2 recorded transactions
2015
Price N/A
1969
Price N/A
Zoning & alternative use
C-2 · Arlington, VA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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