Downtown Leesburg Investment Property

202 Harrison St SE, Leesburg, VA 20175

  • For Sale $5,777,000
  • Property Type Retail - Restaurant
  • Property Size 11,178 SF
  • Units 3
  • Lot Size 0.6 Acre
  • Additional Rent Contact for pricing
  • Year Built 1930
  • Year Renovated 2023
  • Date Updated Oct 28, 2024
Downtown Leesburg, VA, represents a vibrant fusion of historical charm and contemporary convenience, forming an epicenter of local commerce in Northern Virginia. At the heart of the historic town, it is a bustling district that embodies the spirit of community, craftsmanship, and entrepreneurship, offering a unique retail and commercial environment that entices locals and tourists alike. A multitude of businesses thrive in Downtown Leesburg, spanning sectors such as retail, hospitality, entertainment, health and wellness, and professional services. Local, independently-owned shops offer everything from antiques, books, and fashionable clothing to artisanal foods and hand-crafted gifts. The district is home to several award-winning wineries and craft breweries, along with a vibrant selection of restaurants that offer everything from farm-to-table American cuisine to global flavors, catering to a diverse range of palates. Downtown Leesburg is also a regional hub for professional services, housing numerous law firms, real estate agencies, financial advisors, and health care providers. Modern co-working spaces and offices are juxtaposed with historic buildings, creating a unique business atmosphere that combines tradition with innovation. With its rich history and picturesque streetscapes, Downtown Leesburg further enhances its appeal as a business destination. Historic architecture forms the backdrop for a thriving arts scene, with numerous galleries, theaters, and music venues contributing to a culturally vibrant atmosphere. Regular events, from farmers markets and art walks to seasonal festivals, further contribute to the district's community-oriented spirit, drawing crowds and fostering business engagement. And, its proximity to Washington D.C., Dulles Airport, and key transportation routes makes it conveniently accessible, further boosting its commercial vitality. Overall, Downtown Leesburg offers a unique and thriving business environment where history and modernity coexist, making it an attractive location for businesses and customers alike.We are pleased to present an exceptional investment opportunity for the acquisition of 202 Harrison Street, a prominent income-producing property located in downtown Leesburg. This offering also includes three revenue-generating properties: MacDowells Beach Bar, the Escape Room and an on-site AirBnB, all contributing to a total Net Operating Income (NOI) of $428,279. This unique portfolio sale-leaseback structure provides stable and diversified income streams across multiple business types. The seller is exclusively offering financing for this deal, providing an attractive path to ownership. With a $2M down payment and seller-financed balance of $3.777M at 8.97% interest, this transaction offers a favorable interest-only payment structure over a 3-Year minimum term. Detailed financial breakdowns are provided in the full offering memorandum. This is strictly a real estate investment offering and does not include the acquisition of any businesses. Please do not contact the tenants or visit the property without prior authorization. Any questions and/or property showings must be communicated and coordinated through Serafin Real Estate and/or Vaaler Commercial Real Estate.

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Highlights

  • Prime Investment Opportunity: Exceptional income-producing property located in downtown Leesburg, featuring a diversified portfolio of revenue-generating assets.
  • Anchor Tenant: MacDowells Beach Bar, a popular local destination, serves as the anchor tenant, contributing significantly to the total Net Operating Income (NOI) of $428,279.
  • Strong Income Streams: Additional revenue from a leased Escape Room and an on-site AirBnB property, providing stable and diversified income.
  • Attractive Seller Financing: Seller offering exclusive financing with $2M down payment and a $3.777M balance at 8.97% interest, structured as interest-only payments over a 3-year minimum term.
  • Recent Renovations: Updated indoor spaces to enhance winter revenue, maintaining a tropical theme for year-round appeal.
  • Strategic Location: Situated at the corner of Harrison St SE and South St SE in downtown Leesburg, ensuring high visibility and foot traffic.

Contacts

broker

Joe Serafin

Serafin Real Estate

Location

Getting Around

  • Walk Score ®

    87/100 Very Walkable
  • Bike Score ®

    64/100 Bikeable
Powered by Walk Score ®
  • City Leesburg, VA
  • Neighborhood Downtown Leesburg
  • Zip Code 20175
  • Market Washington DC Suburban Maryland

Points of Interest

  • Ashburn

    8.37 miles

  • Loudoun Gateway

    9.95 miles

  • Liberty

    0.09 miles

  • JOCK'S EXXON

    0.32 miles

  • Jock's Exxon

    0.32 miles

  • Citgo

    0.33 miles

  • BP

    0.39 miles

  • 7-Eleven

    0.47 miles

  • Shell

    0.73 miles

  • Sunoco

    0.77 miles

  • Tesla Destination

    0.98 miles

  • Exxon

    1.24 miles

  • Loudoun County Government Center Parking Garage

    0.10 miles

  • Church Street Lot

    0.12 miles

  • Loudoun Times-Mirror Parking

    0.15 miles

  • Town Hall Garage

    0.25 miles

  • Liberty Street Lot

    0.29 miles

  • Pennington Parking Garage

    0.34 miles

  • Pennington Parking Lot

    0.35 miles

  • Church Parking

    0.50 miles

  • Event Parking

    2.37 miles

  • Leesburg Park & Ride

    2.95 miles

  • Fireworks Pizza

    0.03 miles

  • Los Tios

    0.03 miles

  • Tuscarora Mill

    0.04 miles

  • La Chocita Grill

    0.08 miles

  • Thai Pan Restaurant

    0.08 miles

  • La Villa Roma

    0.14 miles

  • Puccio's New York Deli

    0.14 miles

  • Senor Ramon Taqueria

    0.17 miles

  • Señor Ramon Taqueria

    0.18 miles

  • Windy City Red Hots

    0.19 miles

  • Safeway

    0.42 miles

  • Giant

    0.52 miles

  • Tienda Latina

    0.81 miles

  • Saks Fifth Avenue

    1.34 miles

  • Barneys New York Outlet

    1.37 miles

  • Kohl's

    1.40 miles

  • Target

    1.46 miles

  • Ross

    1.46 miles

  • Big Lots

    1.52 miles

  • Marshalls

    1.92 miles

Frequently Asked Questions

How much does Downtown Leesburg Investment Property cost?

The space currently listed for sale at Downtown Leesburg Investment Property asks for $5,777,000.

What is the total square footage of Downtown Leesburg Investment Property?

Downtown Leesburg Investment Property totals 11,178 square feet.

When was this property built?

Downtown Leesburg Investment Property was built in 1930.

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Contact Listing Broker

broker

Joe Serafin

Serafin Real Estate