101 N 21St St, Unit PURCELLVILLE Purcellville, VA 20132

This corner property, known locally as The White Palace, presents an investment opportunity in historic downtown Purcellville. The interior has been fully gutted, and a Certificate of Design Approval has been secured. The property is eligible for up to 45% in combined state and federal historic tax credits. The flexible mixed-use zoning is suitable for a boutique hotel, dual restaurant concepts, event space, or creative commercial uses. Approved architectural plans include four hotel rooms on the second floor and three on the third, with two commercial storefronts at street level. The basement offers build-out potential to expand usable square footage and income streams. The property is located directly across from a public parking lot. It is a high-visibility corner lot in a walkable district. Located on 21st Street, which is under consideration for a pedestrian-friendly streetscape. It is designated as part of Virginia's Main Street Program. Purcellville is located in Loudoun County, and the upcoming Rt. 690/Rt. 7 interchange will enhance connectivity, channeling increased traffic into Purcellville's commercial core. Site work has been initiated and major entitlement hurdles cleared.