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Half-Acre Tear-Down Opportunity in Fairfax
For Sale
$1,200,000

2240 Highland Ter, Falls Church, VA 22046

Two parcels totaling 0.50 acres in Ellison Heights neighborhood.

Property SizeContact for details
Days on Market472

Property Features for 2240 Highland Ter

General Information

Standard status Active

Taxes and HOA fees

Annual Taxes $95
Listing Agency: PEARSON SMITH REALTY, LLC
Listed By: LEIGH-ANNE VAUGHN · License #0225074661
Source: Corcoran
Added: May 16, 2025 Changed: Mar 16 Last Checked: Mar 16 at 9:09AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of PEARSON SMITH REALTY, LLC

Investment Insights

Based on property information with market context.

Located in Ellison Heights, this 0.50-acre property, comprised of two parcels, presents an opportunity for investors, builders, and visionaries. The property offers the potential to subdivide and create two buildable lots. Access is available from both Haycock Road and Highland Terrace, offering flexibility for future site planning. The existing home is being sold strictly "As-Is, Where-Is." Situated in Fairfax County, the neighborhood features a mix of recently built homes. The location provides access to the West Falls Church Metro, WOD Trail, and major commuter routes. It is located near Arlington, McLean, and Tysons, with access to Fairfax County Public Schools: Haycock Elementary, Longfellow Middle, and McLean High School. The property is located 10 minutes from the new Asian food hall in Falls Church’s Eden Center and the newly opened Pop Up District.

Key Highlights

  • Rare 0.50‑acre property in Ellison Heights, comprised of two parcels being sold as one.
  • Potential to subdivide into two buildable lots in a thriving neighborhood with new construction.
  • Prime location in Fairfax County, close to West Falls Church Metro, WOD Trail, Arlington, McLean, and Tysons.

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick HVAC Service Auto Parts Store Cafe & Coffee Shop Garden Center Electrical Service Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

750
Businesses Nearby

Demographics for 22046, VA

18,576
Population
7,303
Households
2.5
Avg Household Size
40
Median Age
76%
College-Educated
96%
High-School Grad
2.7 sq mi
ZIP Area
6,880
Density / Sq Mi
$175,446
Median Household Income
$83,566
Median Earnings
$2,216
Median Rent
$963,600
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Land - Two parcels totaling 0.50 acres in Ellison Heights neighborhood.
Where is this land located?
The property is located at 2240 Highland Ter Falls Church, VA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Rare 0.50‑acre property in Ellison Heights, comprised of two parcels being sold as one.; Potential to subdivide into two buildable lots in a thriving neighborhood with new construction.; Prime location in Fairfax County, close to West Falls Church Metro, WOD Trail, Arlington, McLean, and Tysons.
More about this property
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