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602 S King St - Waverly Park Unités de condo • 3 100-4 039 pi² • À vendre 1 271 141 $-1 713 283 $ CAD par unité • Leesburg, VA 20175
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Faits saillants de l'investissement
- Rare downtown Leesburg portfolio
- Flexible for multiple buyer and tenant profiles
- Full-building assemblage potential
- Supply-constrained submarket
- Proven location fundamentals
- Premier professional environment
Résumé de l'annonce
Serafin Real Estate is pleased to present for sale Waverly Park Office Condominiums, a seven-unit office condominium portfolio totaling 27,267 square feet at 602 South King Street in Historic Downtown Leesburg, Virginia. The offering represents a rare opportunity to acquire a controlling interest — seven of eight condominiums — within a well-established Class B office building situated on the primary commercial corridor of Loudoun County's county seat. The portfolio was acquired through a foreclosure auction in April 2026, creating an immediate basis advantage and a compelling entry point relative to stabilized market value for buyers prepared to execute. The investment thesis is straightforward: a tight submarket, a generational location, and a flexible asset that serves multiple buyer profiles. The Leesburg / West Loudoun office submarket currently operates at 4.3% vacancy for Class B product — one of the tightest in all of Northern Virginia — while leasing velocity has increased 37% year-over-year. One unit is leased direct to a long-term tenant through March 2029 at $23.06 per square foot with 2.5% annual escalations, providing immediate in-place income. The remaining 23,580 square feet represents lease-up or owner-occupancy potential in a submarket where professional service demand is durable and absorption timelines are measured in months, not years. The portfolio is ideally structured for an owner-user seeking to occupy a portion of the building while generating leased income from the balance — a profile well-supported by SBA 504 financing at up to 90% loan-to-value with 25-year amortization. Professional services firms, medical and dental practices, faith-based organizations, and family-owned businesses will find in Waverly Park a rare downtown Leesburg address with on-site parking, elevator access, and a 1988 steel-frame construction base that has proven its durability and tenant appeal. For the investor buyer, the fractured vacancy presents a value-add play with clear comparables supporting stabilized pricing well above the current acquisition basis. And for the most strategic acquirer, the presence of an independently owned eighth condominium — occupied by an established dental practice — represents a long-term assemblage opportunity that could ultimately deliver full-building control at a meaningful premium to today's pricing.
7 Unités disponibles
- Unité
- Taille de l’unité
- Utilisation du condo
- Prix
- Revenu net d’exploitation
| Type de vente | Investissement | ID/Numéro de lot | 232-47-4141-001 |
| Type de vente | Investissement |
| ID/Numéro de lot | 232-47-4141-001 |
Description
Discover a rare foreclosure opportunity to acquire prime commercial office space in the heart of vibrant downtown Leesburg—along high-traffic Route 15 (South King Street) in one of Northern Virginia's most desirable and affluent markets. Loudoun County continues to rank among the fastest growing and wealthiest counties in the U.S., with strong demand for flexible professional spaces near historic charm, government offices, amenities, and business corridors.
Waverly Park is a free-standing, four-level Class B office building built in 1988 and governed by the Declaration for Waverly Park Office Condominium. We are offering at foreclosure auction seven (7) individual commercial office condominiums. Unit 202 (may be part of 201) and Unit 300 (consists of two tenants) appear to be tenant occupied. The remaining five (5) units offered at auction are believed to be vacant and free of leases, providing immediate control for investors, owner-users, or re-tenanting strategies. Crescent Design District allows reconfiguration for office, retail, medical, or other permitted uses. This information is believed accurate but not has not been verified.
Waverly Park is a free-standing, four-level Class B office building built in 1988 and governed by the Declaration for Waverly Park Office Condominium. We are offering at foreclosure auction seven (7) individual commercial office condominiums. Unit 202 (may be part of 201) and Unit 300 (consists of two tenants) appear to be tenant occupied. The remaining five (5) units offered at auction are believed to be vacant and free of leases, providing immediate control for investors, owner-users, or re-tenanting strategies. Crescent Design District allows reconfiguration for office, retail, medical, or other permitted uses. This information is believed accurate but not has not been verified.
| Type de vente | Investissement |
| Type de vente | Investissement |
Description
Zone retail entire growing floor zones retail with multiple individual spaces in condo 100 & 101 pkenty of parking !!
Must see!
1/7 commercial & res cindos iffered in a portookio sale for total of 7 units for $200.00 psf!! For quick sale
As is where is
Must see!
1/7 commercial & res cindos iffered in a portookio sale for total of 7 units for $200.00 psf!! For quick sale
As is where is
| Type de vente | Investissement |
| Type de vente | Investissement |
Description
Largest condo in bldg with multiple division opportunities with 3 sep entrances & a private bathroom at kimg st entry end for this unit only and a large kitchen w adjacent D/R room or small conf rm +additional large furnished conf room. Multiple offices built out with parallel hallways and large windowed private offices along both outside walls. One large open space can be accomplished on lobby reception end of unit. Large file room and interior lrg work rooms with supply closet multiple more office suites can be added if desired. Build out to be paid by Tenant. Ideal for medical offices or urgent care. Or a bank with possibility of creating a outside entry from side wall for an ATM space in between existing outer walls on north side of suite to sidewalk and parking lot. and a new double door system. Ideal as a large Pharmacy like a Walgreens with potential for drive up window & medical spaces.
| Type de vente | Investissement |
| Type de vente | Investissement |
| Type de vente | Investissement |
| Type de vente | Investissement |
| Type de vente | Investissement |
| Type de vente | Investissement |
| Type de vente | Investissement |
| Type de vente | Investissement |
| Unité | Taille de l’unité | Utilisation du condo | Prix | Revenu net d’exploitation |
| Unité 100 | 3 570 pi² | Bureau | 1 489 101 $ CAD (417,12 $ CAD/pi²) | - |
| Unité 101 | 3 345 pi² | Commerce de détail | 1 395 250 $ CAD (417,12 $ CAD/pi²) | - |
| Unité 200 | 3 689 pi² | Bureau/Médical | 1 669 140 $ CAD (452,46 $ CAD/pi²) | - |
| Unité 201 | 3 345 pi² | Bureau/Médical | 1 466 195 $ CAD (438,32 $ CAD/pi²) | - |
| Unité 300 | 4 039 pi² | Bureau | 1 713 283 $ CAD (424,18 $ CAD/pi²) | - |
| Unité 400 | 3 640 pi² | Bureau | 1 492 566 $ CAD (410,05 $ CAD/pi²) | - |
| Unité 401 | 3 100 pi² | Bureau | 1 271 141 $ CAD (410,05 $ CAD/pi²) | - |
Unité 100
| Taille de l’unité |
| 3 570 pi² |
| Utilisation du condo |
| Bureau |
| Prix |
| 1 489 101 $ CAD (417,12 $ CAD/pi²) |
| Revenu net d’exploitation |
| - |
Unité 101
| Taille de l’unité |
| 3 345 pi² |
| Utilisation du condo |
| Commerce de détail |
| Prix |
| 1 395 250 $ CAD (417,12 $ CAD/pi²) |
| Revenu net d’exploitation |
| - |
Unité 200
| Taille de l’unité |
| 3 689 pi² |
| Utilisation du condo |
| Bureau/Médical |
| Prix |
| 1 669 140 $ CAD (452,46 $ CAD/pi²) |
| Revenu net d’exploitation |
| - |
Unité 201
| Taille de l’unité |
| 3 345 pi² |
| Utilisation du condo |
| Bureau/Médical |
| Prix |
| 1 466 195 $ CAD (438,32 $ CAD/pi²) |
| Revenu net d’exploitation |
| - |
Unité 300
| Taille de l’unité |
| 4 039 pi² |
| Utilisation du condo |
| Bureau |
| Prix |
| 1 713 283 $ CAD (424,18 $ CAD/pi²) |
| Revenu net d’exploitation |
| - |
Unité 400
| Taille de l’unité |
| 3 640 pi² |
| Utilisation du condo |
| Bureau |
| Prix |
| 1 492 566 $ CAD (410,05 $ CAD/pi²) |
| Revenu net d’exploitation |
| - |
Unité 401
| Taille de l’unité |
| 3 100 pi² |
| Utilisation du condo |
| Bureau |
| Prix |
| 1 271 141 $ CAD (410,05 $ CAD/pi²) |
| Revenu net d’exploitation |
| - |
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Unité 100
| Taille de l’unité | 3 570 pi² |
| Utilisation du condo | Bureau |
| Prix | 1 489 101 $ CAD (417,12 $ CAD/pi²) |
| Revenu net d’exploitation | - |
| Type de vente | Investissement |
| ID/Numéro de lot | 232-47-4141-001 |
| Description | |
| Discover a rare foreclosure opportunity to acquire prime commercial office space in the heart of vibrant downtown Leesburg—along high-traffic Route 15 (South King Street) in one of Northern Virginia's most desirable and affluent markets. Loudoun County continues to rank among the fastest growing and wealthiest counties in the U.S., with strong demand for flexible professional spaces near historic charm, government offices, amenities, and business corridors.<br> <br> Waverly Park is a free-standing, four-level Class B office building built in 1988 and governed by the Declaration for Waverly Park Office Condominium. We are offering at foreclosure auction seven (7) individual commercial office condominiums. Unit 202 (may be part of 201) and Unit 300 (consists of two tenants) appear to be tenant occupied. The remaining five (5) units offered at auction are believed to be vacant and free of leases, providing immediate control for investors, owner-users, or re-tenanting strategies. Crescent Design District allows reconfiguration for office, retail, medical, or other permitted uses. This information is believed accurate but not has not been verified.</li></ul> |
1 de 0
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Rue
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Unité 101
| Taille de l’unité | 3 345 pi² |
| Utilisation du condo | Commerce de détail |
| Prix | 1 395 250 $ CAD (417,12 $ CAD/pi²) |
| Revenu net d’exploitation | - |
| Type de vente | Investissement |
| Description | |
| Zone retail entire growing floor zones retail with multiple individual spaces in condo 100 & 101 pkenty of parking !!<br> Must see!<br> 1/7 commercial & res cindos iffered in a portookio sale for total of 7 units for $200.00 psf!! For quick sale <br> As is where is</li></ul> |
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Unité 200
| Taille de l’unité | 3 689 pi² |
| Utilisation du condo | Bureau/Médical |
| Prix | 1 669 140 $ CAD (452,46 $ CAD/pi²) |
| Revenu net d’exploitation | - |
| Type de vente | Investissement |
| Description | |
| Largest condo in bldg with multiple division opportunities with 3 sep entrances & a private bathroom at kimg st entry end for this unit only and a large kitchen w adjacent D/R room or small conf rm +additional large furnished conf room. Multiple offices built out with parallel hallways and large windowed private offices along both outside walls. One large open space can be accomplished on lobby reception end of unit. Large file room and interior lrg work rooms with supply closet multiple more office suites can be added if desired. Build out to be paid by Tenant. Ideal for medical offices or urgent care. Or a bank with possibility of creating a outside entry from side wall for an ATM space in between existing outer walls on north side of suite to sidewalk and parking lot. and a new double door system. Ideal as a large Pharmacy like a Walgreens with potential for drive up window & medical spaces.</li></ul> |
1 de 0
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Rue
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Unité 201
| Taille de l’unité | 3 345 pi² |
| Utilisation du condo | Bureau/Médical |
| Prix | 1 466 195 $ CAD (438,32 $ CAD/pi²) |
| Revenu net d’exploitation | - |
| Type de vente | Investissement |
1 de 0
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Unité 300
| Taille de l’unité | 4 039 pi² |
| Utilisation du condo | Bureau |
| Prix | 1 713 283 $ CAD (424,18 $ CAD/pi²) |
| Revenu net d’exploitation | - |
| Type de vente | Investissement |
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Unité 400
| Taille de l’unité | 3 640 pi² |
| Utilisation du condo | Bureau |
| Prix | 1 492 566 $ CAD (410,05 $ CAD/pi²) |
| Revenu net d’exploitation | - |
| Type de vente | Investissement |
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Unité 401
| Taille de l’unité | 3 100 pi² |
| Utilisation du condo | Bureau |
| Prix | 1 271 141 $ CAD (410,05 $ CAD/pi²) |
| Revenu net d’exploitation | - |
| Type de vente | Investissement |
Faits sur la propriété
Les informations ci-dessous concernent l’ensemble de l’immeuble. Les caractéristiques propres à chaque lot peuvent varier et sont précisées dans la description du lot présenté ci-dessus.
| Taille totale du bâtiment | 30 986 pi² | Superficie de plancher typique | 6 268 pi² |
| Type de propriété | Bureau | Année de construction | 1987 |
| Sous-type de propriété | Médical | Taille du lot | 1,06 AC |
| Classe d’immeuble | B | Ratio de stationnement | 3,19/1 000 pi² |
| Planchers | 4 | ||
| Zonage | B-2 - Zone du carrefour de Leesburg, Crescent Design District et B-2 (voir zonage ci-joint Usages autorisés) .232-47-4141-007 | ||
| Taille totale du bâtiment | 30 986 pi² |
| Type de propriété | Bureau |
| Sous-type de propriété | Médical |
| Classe d’immeuble | B |
| Planchers | 4 |
| Superficie de plancher typique | 6 268 pi² |
| Année de construction | 1987 |
| Taille du lot | 1,06 AC |
| Ratio de stationnement | 3,19/1 000 pi² |
| Zonage | B-2 - Zone du carrefour de Leesburg, Crescent Design District et B-2 (voir zonage ci-joint Usages autorisés) .232-47-4141-007 |
Commodités
- Accès 24 heures
- Réception
- Climatisation
- Balcon
1 1
Assez accessible à pied
50/100
Exceptionnellement adapté aux voitures
100/100
Transports en commun limités
30/100
Plutôt accessible en vélo
50/100
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602 S King St - Waverly Park
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