208-212 Church SE st - Apartments FOR SALE


Leesburg, VA 20175- Outer Leesburg
$4,990,000 USD
703-994-7510
208-212 Church SE st, Leesburg, VA for Sale
$4,990,000 USD
Apartments - FOR SALE
1/19
null | Request Cap Rate

208-212 Church SE st
Leesburg, VA 20175
Outer Leesburg


HIGHLIGHTS

  • Prime Downtown Leesburg Location – Corner of Church Street and South Street, surrounded by restaurants, retail, and historic charm.
  • Residential Redevelopment Concept – Preliminary plan for 24 luxury two-over-two style condominiums across two buildings with 2-car garage parking.
  • Town Supportive of Residential Use – The Town of Leesburg is open to residential redevelopment that complements the historic district’s architecture.
  • Zoning & Height Parameters – Up to 65 feet permitted; layout designed to align with code requirements for width, depth, and alley access.
  • Fully Leased Buildings – Provides ongoing rental income during the site plan approval process, offering immediate cash flow for the buyer/developer.
  • Walkable Urban Lifestyle – Steps to Market Street, Tally Ho Theater, local breweries, and cafés — highly attractive to future condo buyers.

OVERVIEW

Downtown Leesburg Development Opportunity Corner of Church Street & South Street | Leesburg, VA Positioned in the heart of historic downtown Leesburg, this rare redevelopment opportunity offers investors and builders a chance to shape one of Loudoun County’s most desirable urban blocks. Located at the corner of Church Street and South Street, the site is surrounded by boutique retail, award-winning restaurants, and local landmarks — all within walking distance of Market Street. The concept plan envisions 24 two-over-two style condominiums across two buildings, each featuring 6 townhome-style units with 2-car garage parking accessed via a 20-foot rear alley. With building heights up to 65 feet permitted and dimensions of 24’ x 52’ per unit, the plan balances modern functionality with the architectural integrity required in Leesburg’s historic district. Adding to the investment appeal, the existing buildings on site are fully leased, allowing a buyer or developer to collect rental income while securing site plan approval. This unique combination of immediate cash flow and long-term redevelopment potential makes the property especially attractive for those seeking a strategic entry into the downtown Leesburg market. With the Town of Leesburg supportive of residential redevelopment consistent with the area’s character, this site represents a compelling opportunity to deliver high-demand housing within a walkable, amenity-rich environment — blending historic charm with modern urban living.

FOR SALE DETAILS

PRICE

$4,990,000 USD

PRICE/SF

$125 USD /SF

# OF UNITS

24

PRICE/UNIT

$207,917

CAP RATE

Request Cap Rate

% LEASED

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Leesburg Redevelopment Opportunity

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2028

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,958 SF

ZONING

LB:B1

APN/PARCEL ID

231-28-5784,231-28-5888,231-28-5991

ASK ABOUT THIS PROPERTY

Joe SerafinSerafin Real EstateMore Info
703-994-7510

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Joe SerafinSerafin Real EstateMore Info
703-994-7510

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.