Leesburg Redevelopment Opportunity

208 - 212 Church St SE, Leesburg, VA 20175

  • For Sale $4,990,000
  • Property Type Other
  • Property Size 14,000 SF
  • Lot Size 0.55 Acre
  • Parking Spaces Avail. 25
  • Property Tenancy Multi-Tenant
  • Year Built 1940
  • Year Renovated 2020
  • Date Updated Feb 14, 2025
Downtown Leesburg, Virginia, and the broader Loudoun County present a compelling landscape for development, characterized by robust economic growth, a rapidly expanding population, and significant affluence. Economic Growth and Affluence Loudoun County's economy has experienced substantial growth, with its Gross Domestic Product (GDP) reaching $38 billion in 2022, marking a 13% increase from 2018. This economic expansion is complemented by a median household income of $170,463 as of 2022, reflecting an 8.7% rise from the previous year. Such figures underscore the county's status as one of the most affluent regions in the United States. Population Growth The population of Loudoun County has been steadily increasing, reaching approximately 420,773 residents in 2022, a 1.74% growth from 2021. Similarly, Leesburg's population has expanded, with estimates indicating a rise to 49,622 in 2024, reflecting a 2.56% increase since the 2020 census. This population surge fuels demand for residential, commercial, and retail developments, presenting ample opportunities for investors and businesses. Educational Attainment The region boasts a highly educated populace, with 56.1% of Leesburg residents aged 25 and over holding a bachelor's degree or higher. This educated workforce enhances the area's appeal to businesses seeking skilled professionals. Development Potential The combination of economic prosperity, population growth, and a well-educated workforce positions Downtown Leesburg and Loudoun County as prime areas for development. The increasing demand for housing, retail spaces, and commercial facilities offers significant opportunities for developers and investors aiming to capitalize on the region's dynamic growth and affluence.
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Highlights

  • Redevelopment Opportunity in Prime Location – 0.55-acre site in Downtown Leesburg, approved for a four-story, 22-unit mixed-use development with ground-floor retail in a highly walkable historic district.
  • Strong Market Demand & Demographics – Leesburg’s low housing inventory, rising home values, and affluent population ($188K avg. HH income within 3 miles) create high absorption potential for luxury multifamily housing.
  • Strategic Unit Mix & Premium Design – Project features one-, two-, and three-bedroom residences with high-end finishes, open-concept layouts, private balconies, and structured parking, catering to professionals and downsizers.
  • Value-Added Retail Component – Ground-floor commercial space enhances long-term investment value and aligns with Leesburg’s demand for boutique retail and neighborhood services in mixed-use environments.
  • Turnkey Development Opportunity – Entitlement process is well underway, requiring only Board of Architectural Review (BAR) approval. Minimal competing inventory, making this an ideal acquisition for developers or investors looking for a high-yield project.

Contacts

broker
Joe Serafin

Serafin Real Estate

Location

Getting Around

  • Walk Score ®

    88/100 Very Walkable

  • Bike Score ®

    67/100 Bikeable
Powered by Walk Score ®
  • City Leesburg, VA
  • Neighborhood Downtown Leesburg
  • Zip Code 20175
  • Market Washington DC Suburban Maryland

Points of Interest

  • Ashburn

    8.41 miles

  • Loudoun Gateway

    10.00 miles

  • Liberty

    0.14 miles

  • Jock's Exxon

    0.27 miles

  • Gas N Go

    0.41 miles

  • 7-Eleven

    0.43 miles

  • Exxon

    0.45 miles

  • Shell

    0.81 miles

  • Sunoco

    0.85 miles

  • Tesla Destination

    1.05 miles

  • Sheetz

    1.32 miles

  • eVgo

    1.39 miles

  • Church Street Lot

    0.10 miles

  • Loudoun County Government Center Parking Garage

    0.10 miles

  • Loudoun Times-Mirror Parking

    0.12 miles

  • Town Hall Garage

    0.19 miles

  • Liberty Street Lot

    0.21 miles

  • Pennington Parking Lot

    0.37 miles

  • Pennington Parking Garage

    0.37 miles

  • Church Parking

    0.49 miles

  • Event Parking

    2.35 miles

  • Leesburg Park & Ride

    2.98 miles

  • Comfort Suites

    0.97 miles

  • Days Inn

    1.00 miles

  • Best Western

    1.05 miles

  • Homewood Suites

    1.13 miles

  • The Hampton Inn

    1.16 miles

  • Home2 Suites

    1.74 miles

  • Clarion Hotel & Conference Center Leesburg

    2.52 miles

  • Stone Gables Bed & Breakfast

    4.73 miles

  • Lansdowne Resort and Spa

    5.14 miles

  • Little Rock Motel

    6.47 miles

  • Tuscarora Mill

    0.04 miles

  • Los Tios

    0.05 miles

  • Fireworks Pizza

    0.06 miles

  • Puccio's New York Deli

    0.09 miles

  • Senor Ramon Taqueria

    0.12 miles

  • Señor Ramon Taqueria

    0.12 miles

  • Bite's Wine & Grilled Cheese Bar

    0.12 miles

  • Delirium Café

    0.13 miles

  • Thai Pan Restaurant

    0.14 miles

  • La Chocita Grill

    0.15 miles

  • Catoctin Elementary School

    0.66 miles

  • Frederick Douglass Elementary School

    0.71 miles

  • Loudoun County High School

    0.92 miles

  • Leesburg Elementary School

    0.97 miles

  • The North Star School

    0.99 miles

  • The Montissori School

    1.32 miles

  • Virginia Tech Marion DuPont Equine Medical Center

    1.34 miles

  • Frances Hazel Reid Elementary School

    1.39 miles

  • Tuscarora High School

    1.53 miles

  • Evergreen Mill Elementary School

    1.56 miles

  • Leesburg Open Arms

    0.76 miles

  • KinderCare

    0.84 miles

  • La Petite Academy

    1.59 miles

  • Minnieland Academy

    1.70 miles

  • Primrose School of Leesburg at Potomac Station

    2.19 miles

  • Sugarland Learning Academy

    2.65 miles

  • Villa Montessori Preschool

    2.75 miles

  • Winwood Children’s Center

    3.41 miles

  • The Goddard School

    4.76 miles

  • Montessori Academy at Belmont Greene

    4.80 miles

Frequently Asked Questions

How much does Leesburg Redevelopment Opportunity cost?

The space currently listed for sale at Leesburg Redevelopment Opportunity asks for $4,990,000.

What is the total square footage of Leesburg Redevelopment Opportunity?

Leesburg Redevelopment Opportunity totals 14,000 square feet.

When was this property built?

Leesburg Redevelopment Opportunity was built in 1940.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Joe Serafin

Serafin Real Estate

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