208-212 CHURCH ST SE, LEESBURG,VA 20175

$4,990,000

208-212 CHURCH ST SE, LEESBURG, Virginia 20175 - $4,990,000

0.55 Acre
Marketed by Virginia Estates

For Detailed Buyer Information Call (434) 981-5923 or email rick@virginiaestates.com

Property Description

Downtown Leesburg Multifamily Development Opportunity
Approved for 22 Units | Existing Income-Producing Retail | Prime Infill Site

Positioned in the heart of historic downtown Leesburg, this rare multifamily development opportunity offers a blend of immediate cash flow and long-term value. The property currently features two fully-leased retail buildings totaling 11,466 SF, generating a gross annual income of $279,778.

The site is approved for a new 4-story, 22-unit multifamily building with a maximum height of 65 feet and a total building square footage of approximately 25,000 SF. Each residential unit is planned at an ideal size of approximately 1,495 SF, catering to the demand for spacious, high-end living in one of Northern Virginia’s most desirable downtown settings.

Highlights
Prime Downtown Leesburg Location: Situated in the heart of historic Leesburg, this infill site offers excellent visibility, walkability, and access to the area’s top amenities including shops, dining, and entertainment.

Income-Producing Retail: Two fully leased retail buildings totaling 11,466 SF (212 Church: 2,102 SF | 208–210 Church: 9,364 SF) generate $279,778 in gross annual income, providing strong interim cash flow.

Approved Development Plan: The site is fully approved for a 22-unit multifamily building with a maximum height of 65 feet and four levels—eliminating entitlement risk and accelerating your development timeline.

Spacious Residential Design: Each unit is planned at approximately 1,495 SF, ideal for upscale rentals or boutique condominium product targeting professionals and affluent downsizers.

Attractive Investment Profile: Rare opportunity to acquire a shovel-ready, mixed-use site in one of Northern Virginia’s fastest-growing and wealthiest counties—ideal for build-to-hold or build-to-sell strategies.

Strong Market Fundamentals: Leesburg’s high-income demographics, limited multifamily inventory, and growing demand for walkable residential product support long-term value and rent growth potential.

For Detailed Buyer Information Call (434) 981-5923 or email rick@virginiaestates.com

Property Details
Basic Details
Property Type : Land
Price : $4,990,000
Year Built : 1940
Lot : 0.55 Acre
Status : Active

For Detailed Buyer Information Call (434) 981-5923 or email rick@virginiaestates.com

Features
: Central
: Central a/c
: Private

For Detailed Buyer Information Call (434) 981-5923 or email rick@virginiaestates.com

Address Map
US
VA
Northern Virginia
LOUDOUN
LEESBURG
20175
W78° 26' 9.9''
N39° 6' 45.6''

For Detailed Buyer Information Call (434) 981-5923 or email rick@virginiaestates.com

Additional Details
11,466 Sq.Ft
: Lb:b1
N
: Negotiable, Subject to existing lease
Public Sewer
: Public
$0
435.2
2025
18023
: Metal

For Detailed Buyer Information Call (434) 981-5923 or email rick@virginiaestates.com

For Detailed Buyer Information Call (434) 981-5923 or email rick@virginiaestates.com

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    Call (434) 981-5923

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    For immediate response contact RICK WALDEN 434-981-5923, RICK@VIRGINIAESTATES.COM.
    Virginia Estates uses MLS data from Charlottesville Area Association of Realtors, Richmond Association of Realtors, Chesapeake Bay & Rivers Association, and Bright MLS to generate real estate listings for sale on this website. This information is deemed to be reliable, but not guaranteed. Virginia Estates has attempted to offer accurate data, but buyers are advised to confirm all items from IDX and from this website. Serafin Real Estate represents the interest of the seller 7039947510 VALO2095426. What is IDX? According to IDXBroker.com, IDX (Internet Data Exchange) allows agents and brokers to access and display MLS listing information on their real estate websites. Also known as Broker Reciprocity, the term "IDX" refers to the software, rules and regulations which allow MLS data to show on your site. This data feed typically encompasses the listing data for properties entered into the MLS system, while IDX rules may determine where, what, and how it is displayed.
    For buyer representation by Virginia Estates contact RICK WALDEN 434-981-5923, RICK@VIRGINIAESTATES.COM.