419 W Annandale

JLL is pleased to present the opportunity to acquire 419 W Annandale Road, a premier 0.98-acre development site in the heart of Falls Church, Virginia, one of the DC Metro’s most affluent and sought-after submarkets. Surrounded by major transportation arteries including I-66, Route 50, and Route 7, the site offers unmatched connectivity to the thriving employment and commercial hubs throughout Northern Virginia and the greater DC Metro. Additionally, the site's zoning allows for business plan optionality across a multitude of uses.

Conveniently located in the heart of Northern Virginia's rapidly growing business corridor, the site benefits from a robust economic environment with 70MM+ square feet of office space and 20MM+ square feet of retail within a five-mile radius. In addition, the site is located minutes from Fairfax County's 11 Fortune 500 headquarters and The Pentagon. The site is located 1.5-miles from the Seven Corners Center, featuring over 500,000 SF of retail, and is directly next door to Harris Teeter and Whole Foods. It is also within a fifteen-minute drive to the highly amenitized Rosslyn-Ballston Corridor, headlined by The Crossing Clarendon and Ballston Quarter.

This offering presents a unique opportunity to develop a dynamic asset in a thriving live-work-play environment. The property capitalizes on its transit-oriented, infill market and exceptional area demographics, including an average household income of $223K and an average home value of $1.1MM in Falls Church. The submarket continues to demonstrate strong multifamily fundamentals with 3.7% average annual projected rent growth through 2030 and a dwindling supply pipeline. 419 W Annandale presents a compelling development opportunity in one of Northern Virginia's most desirable submarkets.