1. Virginia
2. Leesburg
3. 208-212 CHURCH STREET

208-212 CHURCH STREET, Leesburg, VA 20175

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.

Listing Status:

Active

Date Added:

May 2, 2025 at 05:00AM

Listing Office:

Serafin Real Estate : 7039947510

Listing Agent:

Joseph N Serafin : 7039947510

MLS ID:

VALO2095426

Interior

• A/C: Central A/C
• Heating: YCentralNatural Gas
• Disability Feature: Level Entry - Main

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Joseph N Serafin, Serafin Real Estate