Homes for sale - 208-212 CHURCH ST SE, Leesburg, VA 20175

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Fri

May

Sat

May

Sun

May

Simone Velvel

simone@thevelvelgroup.com +1(703) 507-7614

Listed by Joseph N Serafin • Serafin Real Estate

$4,990,000

Est. payment - /mo

11,466 SqFt

Save

UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 11,466 sqft

Price per Sqft $435

MLS Listing ID VALO2095426

Year Built 1940

Annual Tax Amount $18,023

Tax Year 2025

Lot Size 0.550 Acres

Acres 0.55

Property Sub-Type Mixed Use

Source BRIGHT

Property Description

Downtown Leesburg Multifamily Development Opportunity
Approved for 22 Units | Existing Income-Producing Retail | Prime Infill Site

Positioned in the heart of historic downtown Leesburg, this rare multifamily development opportunity offers a blend of immediate cash flow and long-term value. The property currently features two fully-leased retail buildings totaling 11,466 SF, generating a gross annual income of $279,778.

The site is approved for a new 4-story, 22-unit multifamily building with a maximum height of 65 feet and a total building square footage of approximately 25,000 SF. Each residential unit is planned at an ideal size of approximately 1,495 SF, catering to the demand for spacious, high-end living in one of Northern Virginia's most desirable downtown settings.

Highlights
Prime Downtown Leesburg Location: Situated in the heart of historic Leesburg, this infill site offers excellent visibility, walkability, and access to the area's top amenities including shops, dining, and entertainment.

Income-Producing Retail: Two fully leased retail buildings totaling 11,466 SF (212 Church: 2,102 SF | 208–210 Church: 9,364 SF) generate $279,778 in gross annual income, providing strong interim cash flow.

Approved Development Plan: The site is fully approved for a 22-unit multifamily building with a maximum height of 65 feet and four levels—eliminating entitlement risk and accelerating your development timeline.

Spacious Residential Design: Each unit is planned at approximately 1,495 SF, ideal for upscale rentals or boutique condominium product targeting professionals and affluent downsizers.

Attractive Investment Profile: Rare opportunity to acquire a shovel-ready, mixed-use site in one of Northern Virginia's fastest-growing and wealthiest counties—ideal for build-to-hold or build-to-sell strategies.

Strong Market Fundamentals: Leesburg's high-income demographics, limited multifamily inventory, and growing demand for walkable residential product support long-term value and rent growth potential.

Location

State VA

County Loudoun

Zoning LB:B1

Interior

Hot Water Natural Gas

Heating Central

Cooling Central A/C

Heat Source Natural Gas

Exterior

Garage Spaces 25.0

Water Access N

Roof Type Metal

Accessibility Level Entry - Main

Total Parking Spaces 25

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Loudoun County Public Schools

Others

Tax ID 231285888000

Ownership Fee Simple

SqFt Source Estimated

Special Listing Condition Standard

Read Less Info

"Simone's passion for real estate and her love for "The DMV" are a perfect match. She has made it her mission to help local residents sell their homes quickly and at the best possible prices. Equally, she takes immense pride in assisting homebuyers in finding their perfect piece of paradise in DC, Maryland and Virginia. "

+1(703) 507-7614

simone@thevelvelgroup.com

11003 Glueck Lane, Kensington, Maryland, 20895, USA

GET MORE INFORMATION

QUICK SEARCH

There are 30 quick searches

208-212 CHURCH ST SE Leesburg, VA 20175