What is the asking price for Multi-Tenant Retail Investment | Leesburg, VA?

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What type of property tenancy can you find at Multi-Tenant Retail Investment | Leesburg, VA?

This property is listed as Multi-Tenant.

What is the total size of Multi-Tenant Retail Investment | Leesburg, VA?

The property has a total square footage of 11,466 SF.

When was this property built?

Multi-Tenant Retail Investment | Leesburg, VA was built in 1940.

How many parking spaces are available at Multi-Tenant Retail Investment | Leesburg, VA?

Parking information for the property isn't currently listed. However, other nearby parking options include Church Street Lot, located 0.10 miles away , and Loudoun County Government Center Parking Garage, which is 0.10 miles away.

208 - 212 Church St SE, Leesburg, VA 20175

For Sale Subject to Offer
Property Type Retail - Strip
Property Size 11,466 SF
Lot Size 0.55 Acre
Parking Spaces Avail. 25
Property Tenancy Multi-Tenant
Year Built 1940
Year Renovated 2020
Date Updated Jun 16, 2026

Description

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.Stabilized multi-tenant retail investment in the heart of downtown Leesburg with significant mark-to-market upside. The 11,466 SF property sits on a 0.55-acre corner at Church and South Streets, fully leased to 10 tenants generating $286,765 in gross income and $218,043 in NOI. Multiple in-place leases are materially below current downtown market rates, with an estimated $55,000–$90,000 of annual rent growth achievable through routine re-leasing as leases roll over the next 12 to 24 months. Diverse tenancy includes retail, office, residential, and creative-use users.

Highlights

Affluent, growing trade area — Five-mile average household income of $219,101, Loudoun County median HHI of $170,463, and a downtown Leesburg residential base with continued boutique retail demand.
Fully leased, stabilized income — 11,466 SF across three buildings, 100% occupied by 10 diversified tenants generating $286,765 in gross income and $218,043 NOI.
Near-term lease rollover — Three of the most below-market suites totaling 5,554 SF have leases expiring within the next 12 to 24 months, providing a clear, low-risk path to NOI growth.
Prime downtown Leesburg corner location — One block off King Street and steps from Tuscarora Mill, South Street Under, the Loudoun County Courthouse, and the W&OD Trail.
Significant mark-to-market upside — Multiple in-place leases below current downtown market rates, with an estimated $55K–$90K of annual rent growth achievable through routine re-leasing, equating to roughly $850K–$1.5M in value creation at market cap rates.