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    3023 Annandale Rd Falls Church, VA 22042

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    Contact for pricing

    Prime 1-Acre Retail Lot in Falls Church, VA

    Lot size:
    53,579 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 1.23-acre (approximately 55,140 square feet) retail land parcel presents a unique investment opportunity in the thriving Falls Church, Virginia market. Located at 3023 Annandale Road, this property boasts a highly visible corner location at South Street, offering excellent exposure to a dense population and strong neighborhood community. The site is zoned C5/C2, allowing for a variety of retail commercial uses, including the potential for a drive-through concept, making it ideal for businesses seeking high visibility and convenient access. The property's location within the Falls Church submarket of Fairfax County provides easy access to major transportation arteries and a robust customer base. This is a rare chance to acquire a sizable, strategically positioned lot in a desirable area with significant growth potential. The property's address is 3023 Annandale Road, Falls Church, VA 22042. Its precise coordinates are latitude 38.867859 and longitude -77.174413. This single-tenant property offers a blank canvas for a developer or business owner looking to establish a strong presence in a vibrant community. The zoning designation allows for flexibility in development plans, catering to a range of retail concepts. Don't miss this opportunity to secure a prime piece of real estate in a thriving market.

    Property Features for 3023 Annandale Rd

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    53,579 SF

    Unit(s) available at that property

    Space
    Size
    53,579 SF

    HighLights

    • 1.23‑acre (approx. 55,140 SF) retail land parcel in Falls Church, VA.
    • Highly visible corner lot at Annandale Rd and South St, offering excellent exposure.
    • C5/C2 zoning allows for various retail uses, including drive‑through potential.
    • Prime location in Falls Church, Fairfax County, with easy access to major transportation and a strong customer base.
    • Significant growth potential in a desirable area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Falls Church
    County
    Fairfax
    State
    Virginia
    Longitude
    -77.174413
    Latitude
    38.867859

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    FAQs

    What type of property is this?
    Retail property - Prime 1-Acre Retail Lot in Falls Church, VA
    Where is this retail property located?
    The property is located at 3023 Annandale Rd Falls Church, VA.
    What are key features of this property?
    This property features: 1.23-acre (approx. 55,140 SF) retail land parcel in Falls Church, VA.; Highly visible corner lot at Annandale Rd and South St, offering excellent exposure.; C5/C2 zoning allows for various retail uses, including drive-through potential.
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    3023 Annandale Rd Falls Church, VA 22042
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3023 Annandale Rd Falls Church, VA 22042
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