107 Park Pl Falls Church, VA 22046-4513
This exceptional free-standing, all-brick commercial building at 107 Park Place in Falls Church, VA, presents a unique value-add investment opportunity. Spanning 7,200 square feet across three stories, this property offers a prime location in the heart of Falls Church, directly across from a new Whole Foods and a 300-unit apartment complex. The building's strategic location provides easy access to major transportation arteries, including Route 29, Route 7, I-66, VA-267, and the East Falls Church Metro Station. Its B-2 zoning allows for a variety of retail or office uses. Built in 1980 and renovated in 2015, the building features a new roof and HVAC systems, and each floor is separately metered for electricity. The 0.38-acre lot includes a private parking lot, with additional public parking readily available across the street. The asking price is $2,975,000 ($413.19/SF). Nearby amenities include the State Theater and Clare & Don's Beach Shack, along with numerous shops and restaurants. This property offers significant potential for an owner-user or investor seeking a strong foothold in a thriving, high-demand area. The property's APN is 53-104-020. The building's modified lease type provides flexibility for future tenants.
-
Dudley Digital Works Film Production Television Studio
-
Great Insurance Agency VA Insurance Agency
-
Fairfax-Falls Church Community Church
-
DC Video Studio Film Production Television Studio
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B-2 CENTRAL.BUSINESS · Falls Church, VAFalls Church. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.