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842 S King St Leesburg, VA 20175

Banks Google Maps
3,371 SF Built 2007
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
842 S King St, Leesburg, VA 20175 For Lease
Contact for pricing 1,281 SF available
842 S King St, Leesburg, VA 20175
View Listing →
Estimated value (blended)
$370k
Range $333k – $407k (±10%)
Property ID US87-3546112

Property summary

AI-generated overview

This exceptional retail opportunity in Leesburg, Virginia, presents two available spaces within a freestanding building at 842 S King Street, totaling 2,780 square feet and 1,281 square feet respectively. Located in Loudoun County, this property boasts high visibility on King Street, offering excellent exposure to potential customers. The larger space, previously occupied by a bank and becoming available October 1st, 2024, is ideal for a variety of uses. The smaller space offers ample room for a retail or restaurant establishment. Both spaces are situated in a prime location within the Town of Leesburg, zoned CDD, ensuring a vibrant and thriving business environment. The property's strategic location provides easy access for customers and employees alike. This is a rare opportunity to secure retail space with exceptional visibility and accessibility in a desirable area. The flexible space allows for customization to suit a range of businesses, making it an attractive option for entrepreneurs and established companies seeking a prominent location in Leesburg. The property's multiple tenancy allows for flexibility in lease terms and space requirements. Contact us today to learn more about this exciting opportunity to establish your business in a high-traffic area of Leesburg. The address is 842 S King Street, Leesburg, VA 20175.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 2007
Total area 3,371 SF
Zoning code LB:CDD
APN 232-36-5717-003
UPID US87-3546112

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bank Loan Service

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$330k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$370k

Owner & transaction history

since 2022
1 recorded transaction
2022
Price N/A

Zoning & alternative use

LB:CDD · Leesburg, VA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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