703-994-7510
208-212 Church SE st, Leesburg, VA for Sale
Apartments - FOR SALE
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208-212 Church SE st
Leesburg, VA 20175
Outer Leesburg


HIGHLIGHTS

  • Fully leased, stabilized income — 11,466 SF across three buildings, 100% occupied by 10 diversified tenants generating $286,765 in gross income.
  • Multiple in-place leases below current downtown market rates, with an estimated $55K–$90K of annual rent growth achievable through routine re-leasing.
  • Three of the most below-market suites totaling 5,554 SF have leases expiring within the next 12 to 24 months, providing a low-risk path to NOI growth.
  • One block off King Street and steps from Tuscarora Mill, South Street Under, the Loudoun County Courthouse, and the W&OD Trail.
  • Five-mile average household income of $219,101, Loudoun County median HHI of $170,463, and a downtown Leesburg residential base.

OVERVIEW

Stabilized multi-tenant retail investment in the heart of downtown Leesburg with significant mark-to-market upside. The 11,466 SF property sits on a 0.55-acre corner at Church and South Streets, fully leased to 10 tenants generating $286,765 in gross income and $218,043 in NOI. Multiple in-place leases are materially below current downtown market rates, with an estimated $55,000–$90,000 of annual rent growth achievable through routine re-leasing as leases roll over the next 12 to 24 months. Diverse tenancy includes retail, office, residential, and creative-use users.

FOR SALE DETAILS

PRICE

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# OF UNITS

24

CAP RATE

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% LEASED

-

STATUS

Proposed

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Multi-Tenant Retail Investment

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

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.