Leesburg Redevelopment Opportunity

Premier Redevelopment Opportunity | 208-212 Church St SE, Leesburg, VA 20175

Mixed-Use Development | 22-Unit Multifamily & Retail | Historic Downtown Leesburg

Serafin Real Estate is pleased to present an exceptional redevelopment opportunity in the heart of Downtown Leesburg.​ This 0.55-acre site, currently improved with three buildings totaling 14,000 SF, is fully entitled for a four-story, 22-unit mixed-use development with ground-floor retail.​ Located in Leesburg’s sought-after historic district, this project offers developers a rare chance to capitalize on strong market demand for luxury multifamily housing in a high-growth submarket.​

Investment Highlights

✔ Prime Downtown Leesburg Location – A highly walkable setting steps from restaurants, retail, parks, and cultural attractions, ensuring strong rental and resale demand.​

✔ Entitled Development Site – The project has an active Minor Special Exception (TLSE-2021-0003) under review and will require Board of Architectural Review (BAR) approval.​

✔ High-Demand Product – Plans feature 22 upscale residential units catering to professionals and downsizing buyers looking for maintenance-free, amenity-rich living.​

✔ Ground-Floor Commercial Component – Enhancing long-term value, the project includes prime retail space ideal for boutique shops or neighborhood services.​

✔ Strong Market Fundamentals – Leesburg’s low housing inventory, rising property values, and affluent demographics create an ideal investment environment.​

✔ Comparable Sales & Market Premiums – Nearby new construction condominiums have achieved an average of $550+/SF, with brand-new product commanding a 10% premium.​

Development Overview

Zoning: B-1 (Downtown Business District)

Lot Size: 0.55 Acres

Proposed Building: 4 Stories | 22 Residential Units | Ground-Floor Retail

Unit Mix: 1-, 2-, and 3-Bedroom Residences

Parking: Structured Parking with Dedicated Resident & Retail Spaces

Sustainable & Modern Design: Energy-efficient systems and smart home integrations

Why Invest in This Development?

Leesburg’s population growth and increasing median household income create long-term demand for high-end multifamily housing.​

Luxury mixed-use developments in historic districts have proven to yield higher price-per-square-foot sales and faster absorption rates.​

Minimal competing inventory ensures a competitive advantage for early investors and developers who bring the project to market.​

Redevelopment Opportunity in Prime Location – 0.55-acre site in Downtown Leesburg, approved for a four-story, 22-unit mixed-use development with ground-floor retail in a highly walkable historic district.

Strong Market Demand & Demographics – Leesburg’s low housing inventory, rising home values, and affluent population ($188K avg. HH income within 3 miles) create high absorption potential for luxury multifamily housing.

Strategic Unit Mix & Premium Design – Project features one-, two-, and three-bedroom residences with high-end finishes, open-concept layouts, private balconies, and structured parking, catering to professionals and downsizers.

Value-Added Retail Component – Ground-floor commercial space enhances long-term investment value and aligns with Leesburg’s demand for boutique retail and neighborhood services in mixed-use environments.

Turnkey Development Opportunity – Entitlement process is well underway, requiring only Board of Architectural Review (BAR) approval. Minimal competing inventory, making this an ideal acquisition for developers or investors looking for a high-yield project.