Description
Downtown Leesburg Multifamily Development OpportunityApproved for 22 Units | Existing Income-Producing Retail | Prime Infill SitePositioned 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 Virginias most desirable downtown settings.HighlightsPrime Downtown Leesburg Location: Situated in the heart of historic Leesburg, this infill site offers excellent visibility, walkability, and access to the areas 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 Virginias fastest-growing and wealthiest counties"ideal for build-to-hold or build-to-sell strategies.Strong Market Fundamentals: Leesburgs high-income demographics, limited multifamily inventory, and growing demand for walkable residential product support long-term value and rent growth potential.
Description
Downtown Leesburg Multifamily Development OpportunityApproved for 22 Units | Existing Income-Producing Retail | Prime Infill SitePositioned 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 Virginias most desirable downtown settings.HighlightsPrime Downtown Leesburg Location: Situated in the heart of historic Leesburg, this infill site offers excellent visibility, walkability, and access to the areas 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 Virginias fastest-growing and wealthiest counties"ideal for build-to-hold or build-to-sell strategies.Strong Market Fundamentals: Leesburgs high-income demographics, limited multifamily inventory, and growing demand for walkable residential product support long-term value and rent growth potential.
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