Waverly Park Office Condominiums

602 South King Street, Leesburg, VA 20175

Property Information

  • For Lease $25.50 - $27.00/SF/YR
  • Property Type Office - Shared Space
  • Property Size 30,986 SF
  • Units 7
  • Lot Size 1.06 Acre
  • Parking Spaces Avail. 80
  • Parking Ratio 5.00 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1988
  • Date Updated Jun 22, 2026

Description

Loudoun County stands among the most economically dynamic counties in the United States — consistently ranked as one of the wealthiest by median household income and among the fastest-growing by population and commercial investment. Anchored by Dulles International Airport to the southeast and the Blue Ridge foothills to the west, Loudoun has evolved from a rural exurb into a premier destination for corporate headquarters, data centers, professional services, healthcare providers, and a rapidly expanding residential base. The county is home to over 450,000 residents, a highly educated workforce, and one of the strongest retail and office absorption profiles in the Northern Virginia region. Its trajectory — driven by infrastructure investment, top-tier public schools, and proximity to Washington, D.C. — has made Loudoun one of the most compelling commercial real estate markets in the Mid-Atlantic. At the heart of Loudoun County sits Leesburg, the county seat and one of Northern Virginia's most storied small cities. Unlike the suburban office corridors that define much of the region, Leesburg offers something increasingly rare: a walkable, mixed-use downtown with a genuine sense of place. Established in the 1750s and listed on the National Register of Historic Places, the Historic District anchors a thriving commercial ecosystem of law firms, financial advisory practices, medical and dental offices, specialty retail, and a deeply rooted restaurant and hospitality scene. The Loudoun County Government Center, County Courthouse, and a concentration of legal and professional service providers make downtown Leesburg one of the most consistently active submarkets for office occupancy in Northern Virginia — insulated from the broader market vacancy cycles that have impacted suburban Class A product elsewhere. Waverly Park is positioned along South King Street, the primary commercial spine connecting Historic Downtown Leesburg to the Route 7 / Route 15 interchange — placing it within walking distance of the Loudoun County Courthouse, Government Center, and the full amenity base of the downtown core. The asset benefits from immediate access to Route 7, Route 15, and the Dulles Greenway (Route 267), situating tenants and owner-occupants within 15 minutes of Dulles International Airport and approximately 25 miles from Washington, D.C. This location delivers the rare combination of a high-visibility address on a major commercial corridor, the credibility and foot traffic of a historic downtown context, and the regional accessibility demanded by professional service tenants and ownership-minded businesses alike.

Highlights

  • Abundant on-site parking — 80 surface spaces at 5.0 per 1,000 SF; a rare amenity for a downtown location
  • Elevator-served, professional environment — four-story steel-frame building with elevator access; well-suited for professional services, medical, legal, and government-adjacent tenants
  • Flexible suite sizes — available suites from approximately 3,100 to 4,039 SF; contiguous combinations available for tenants requiring up to approximately 23,580 SF
  • NNN lease structure — triple net basis at $25.50–$27.00/SF; competitive with submarket asking rents for comparable downtown product
  • Premier downtown Leesburg address — 602 South King Street; high-visibility frontage on the primary commercial corridor of Loudoun County's county seat
  • Superior regional connectivity — immediate access to Routes 7, 15, and the Dulles Greenway (Route 267); 15 miles to Dulles International Airport
  • Tight submarket with limited alternatives — Leesburg / West Loudoun Class B vacancy at 4.3%; well-located availabilities at this price point are rare and leasing quickly
  • Walkable to Loudoun County's civic core — steps from the Loudoun County Courthouse, Government Center, legal community, retail, restaurants, and banking

6 Spaces Available

100

Space Type

Office

Lease Rate

$26.00/SF/YR

Total Space

3,570 SF

Floor

1st

Divisible Space

3,570 - 3,570 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

101

Space Type

Office

Lease Rate

$26.00/SF/YR

Total Space

3,345 SF

Floor

1st

Divisible Space

3,345 - 3,345 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

200

Space Type

Office

Lease Rate

$27.00/SF/YR

Total Space

3,689 SF

Floor

2nd

Divisible Space

3,689 - 3,689 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

300

Space Type

Office

Lease Rate

$26.00/SF/YR

Total Space

4,039 SF

Floor

3rd

Divisible Space

4,039 - 4,039 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

400

Space Type

Office

Lease Rate

$25.50/SF/YR

Total Space

3,640 SF

Floor

4th

Divisible Space

3,640 - 3,640 SF

Available Date

Immediate

Lease Type

NNN

Renewal Option

Yes

Sublease

No

Contacts

Location

Located at 602 South King Street, Leesburg, VA 20175, this property is part of the Honicon Land neighborhood and Washington DC Suburban Maryland market.

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