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About the Listing SERAFIN1 - 3282353,3326912
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.
Listing Highlights for 208 208-212 Church St SE
Status
Active
Days on Site
130
Property Type
Commercial Sale
MLS ®
VALO2095426
Year Built
1940
Total Square Footage
11,466
Lot/Acreage
0.55
County
Loudoun
School District
Loudoun County Public Schools
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond: Central A/C
- Heating: Central
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Not New Construction,Horse Property: No,In City Limits
- Garage Capacity: N/A
- Parking Spaces: 25
- Zoning: Leesburg B1
- Roof: Metal
- Others: Very Good
- Sewer: Public Sewer
- Parking Features: Private,Parking Lot,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Financial Details
- Tax Amount: $18,023
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
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Listing Location
Questions About..
208 208-212 Church St SE Leesburg, VA 20175
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