Mixed-Use Redevelopment
For Sale
Contact for pricing
208 Church St SE, Leesburg, VA 20175
Downtown Leesburg redevelopment site with three buildings totaling 14,000 SF and entitlements for a four-story, 22-unit mixed-use project.
Property Size14,000 SF
Lot Size0.55 Acres
Price / SF$356.43
Days on Market578
Property Features for 208 Church St SE
General Information
Standard status
Active
Size
14,000 SF
Lot size
0.55 Acres
Property subtype
LAND
Listing Agency:
Serafin Real Estate
(703) 261-4809
Listed By:
Joe Serafin · License #0225239987
(703) 994-7510
Source:
Moodyscre
Added: Mar 28, 2025
Changed: Oct 26
Last Checked: Oct 24 at 8:55PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Serafin Real Estate
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Investment Insights
Based on property information with market context.
This mixed-use redevelopment site comprises approximately 0.55 acres and is currently improved with three buildings totaling about 14,000 SF. The property is fully entitled for a four-story, 22-unit mixed-use development with ground-floor retail.
Located in the heart of Downtown Leesburg and within the historic district, the asset offers an opportunity to reposition the existing buildings into a new mixed-use configuration.
The approved development contemplates residential units on upper floors and retail at ground level, aligning the site’s future layout with a mixed-use end product.
Located in the heart of Downtown Leesburg and within the historic district, the asset offers an opportunity to reposition the existing buildings into a new mixed-use configuration.
The approved development contemplates residential units on upper floors and retail at ground level, aligning the site’s future layout with a mixed-use end product.
Key Highlights
- 0.55‑acre redevelopment site in Downtown Leesburg’s historic district
- Existing three‑building property totaling 14,000 SF
- Fully entitled for a four‑story, 22‑unit mixed‑use development
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$238,493
Cap Rate
4.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,769,860
$4.8M
Cap Rate 7%
$3,407,043
$3.4M
Cap Rate 9%
$2,649,922
$2.6M
Market Conditions
NOI Build-Up for 14,000 SF
Gross rent
$349.4K $24.96/SF
− Vacancy
−$8.7K −$0.62/SF
EGI
$340.7K $24.34/SF
− OpEx
−$102.2K −$7.30/SF
NOI
$238.5K $17.04/SF
Area
Loudoun County, VA
Vacancy
2.50%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,769,860
Cap Rate 7%
$3,407,043
Cap Rate 9%
$2,649,922
Alternative Uses
Best Use
Retail
$3.41M
$2.98M – $3.97M
NOI $238,493 @ 7.0% cap · market cap 4.78%
Second Best
Apartment 5plus
$3.12M
$2.73M – $3.64M
NOI $218,343 @ 7.0% cap · market cap 4.38%
Theoretical Best
Specialty Retail
$4.39M
$3.84M – $5.12M
NOI $307,125 @ 7.0% cap · market cap 6.15%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,931
Businesses Nearby
Explore this area
Business Placement
Demographics for 20175, VA
33,245
Population
12,695
Households
2.6
Avg Household Size
38
Median Age
64%
College-Educated
94%
High-School Grad
59.0 sq mi
ZIP Area
563
Density / Sq Mi
$168,035
Median Household Income
$80,588
Median Earnings
$2,039
Median Rent
$717,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Downtown Leesburg redevelopment site with three buildings totaling 14,000 SF and entitlements for a four-story, 22-unit mixed-use project.
Where is this mixed-use property located?
The property is located at 208 Church St SE Leesburg, VA.
What is the asking price?
The asking price for this property is $4,990,000.
What are key features of this property?
This property features: 0.55‑acre redevelopment site in Downtown Leesburg’s historic district; Existing three‑building property totaling 14,000 SF; Fully entitled for a four‑story, 22‑unit mixed‑use development
