209 Old Waterford Rd Leesburg, VA 20176
- Office Properties & Spaces
- 3,200 SF
- 0.24 lot acres
Current Use by Public Records
- Loudoun Holistic Health Partners / Doctor
- Mt. Zion Community Cemetery / Cemetery
- Dr. David W. Stewart, MD / Family Practice Physician
- Dr. Anne M. Stewart, MD / Family Practice Physician
- Synergy / Massage Therapist
Property Details for 209 Old Waterford Rd
- Year built
- 1890
- Construction
- FRAME
- Lot size
- 0.24 lot acres
- Property size
- 3,200 SF
- Zone code
- LB:MC
- Property type
- Office Properties & Spaces
- APN
- 230-17-7709-000
- APU
- 230177709000
Description
This fully leased, 3,200 square foot mixed-use commercial building presents a unique investment opportunity in Leesburg, Virginia. Situated on a 0.24-acre lot with 16 paved parking spaces, this property boasts a prime location just 40 miles from Washington, D.C., adjacent to historic downtown Leesburg, and near Inova Cornwall Campus hospital. Originally built in 1980, preserving its historic charm, the building features two distinct units. The ground floor, currently leased by the Commonwealth of Virginia, comprises 1,800 square feet and includes five offices, a large conference room with vaulted ceilings, a fireplace, hardwood floors, an eat-in kitchen, and two half-baths. The upper level, a 1,400 square foot medical suite, offers a separate entrance, waiting room, administrative space, examining rooms, one full bath with shower, and one half-bath. Recent improvements include a new HVAC system, fresh carpeting and paint on the main floor, updated half-baths, new landscaping, exterior repainting (within the last 5 years), and a new roof (within the last 10 years). The property's convenient location and comfortable setting make it ideal for a variety of businesses. Zoning information is available in the provided documents. Please note the property was originally zoned residential
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,225,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,185,000
- 6.5%
- $1,040,000
- 7%
- $1,075,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,075,000
- Geo Method
- $1,065,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,115,000
- Retail
- $950,000
- Mixed-Use
- $1,100,000
- Hospitality
- $1,170,000
- Educational
- $1,110,000
- Residential Income
- $1,230,000
- Energy
- $1,195,000
- Income-Based Land
- $1,100,000
- Food Service
- $1,175,000
Location Insight
- Map
- Local Demand
- City
- Leesburg
- County
- Loudoun
- State
- Virginia
- Longitude
- -77.5665
- Latitude
- 39.1187
- CBSA code
- 47900
- CBSA name
- WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA
