Mixed-Use Redevelopment
208 Church St SE Leesburg, VA 20175
For Sale
Contact for pricing
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 Market486
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) 994-7510
Listed By:
Joe Serafin · License #0225239987
Source:
Moodyscre
Added: Mar 28, 2025
Changed: Jul 25
Last Checked: Jul 26 at 2:08PM
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
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 For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $349.4k | $24.96 |
| − Vacancy | −$8.7k | −$0.62 |
| EGI | $340.7k | $24.34 |
| − OpEx | −$102.2k | −$7.30 |
| NOI | $238.5k | $17.04 |
14,000 SF · lease $24.96/SF/yr · vacancy 2.50% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
SimplyBe Coffee
Cafe & Coffee Shop
Sell From Anywhere ...
Advertising Agency
Paige Hill Hair ...
Hair Salon
The Clothing Closet
Clothing Store
Mike Aron Visuals
Photography Service
FAQs
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
