Log In/Sign Up
Your email has been sent.
Leesburg Redevelopment Opportunity 208-212 Church SE st 24 Unit Apartment Building $6,965,641 CAD ($290,235 CAD/Unit) Leesburg, VA 20175
INVESTMENT HIGHLIGHTS
- Prime Downtown Leesburg Location – Corner of Church Street and South Street, surrounded by restaurants, retail, and historic charm.
- Town Supportive of Residential Use – The Town of Leesburg is open to residential redevelopment that complements the historic district’s architecture.
- Fully Leased Buildings – Provides ongoing rental income during the site plan approval process, offering immediate cash flow for the buyer/developer.
- Residential Redevelopment Concept – Preliminary plan for 24 luxury two-over-two style condominiums across two buildings with 2-car garage parking.
- Zoning & Height Parameters – Up to 65 feet permitted; layout designed to align with code requirements for width, depth, and alley access.
- Walkable Urban Lifestyle – Steps to Market Street, Tally Ho Theater, local breweries, and cafés — highly attractive to future condo buyers.
EXECUTIVE SUMMARY
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.
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.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$390,548
|
$9.76
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$390,548
|
$9.76
|
| Taxes |
$32,821
|
$0.82
|
| Operating Expenses |
$16,193
|
$0.40
|
| Total Expenses |
$49,014
|
$1.23
|
| Net Operating Income |
$341,534
|
$8.54
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $390,548 |
| Annual Per SF | $9.76 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $390,548 |
| Annual Per SF | $9.76 |
| Taxes (CAD) | |
|---|---|
| Annual | $32,821 |
| Annual Per SF | $0.82 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $16,193 |
| Annual Per SF | $0.40 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $49,014 |
| Annual Per SF | $1.23 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $341,534 |
| Annual Per SF | $8.54 |
PROPERTY FACTS
| Price | $6,965,641 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $290,235 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.55 AC |
| Sale Condition | Redevelopment Project | Construction Status | Proposed |
| No. Units | 24 | Building Size | 59,904 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 2028 |
| Zoning | LB:B1 - The LB-1 zoning district allows a mixture of residential and commercial uses that are more restricted than the adjacent B-1 Downtown. | ||
| Price | $6,965,641 CAD |
| Price Per Unit | $290,235 CAD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.55 AC |
| Construction Status | Proposed |
| Building Size | 59,904 SF |
| No. Stories | 4 |
| Year Built | 2028 |
| Zoning | LB:B1 - The LB-1 zoning district allows a mixture of residential and commercial uses that are more restricted than the adjacent B-1 Downtown. |
1 1
Walk Score®
Very Walkable (86)
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $3,766,499 CAD | |
| Land Assessment | $1,276,848 CAD | Annual Taxes | $32,821 CAD ($0.55 CAD/SF) |
| Improvements Assessment | $2,489,651 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,276,848 CAD
Improvements Assessment
$2,489,651 CAD
Total Assessment
$3,766,499 CAD
Annual Taxes
$32,821 CAD ($0.55 CAD/SF)
Tax Year
2025
1 of 20
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Leesburg Redevelopment Opportunity | 208-212 Church SE st
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.