842 King StLeesburg, VA 20175

Property Details for 842 King St

Year built

2007

Property size (Sq ft)

3,371 SF

Zone code

LB:CDD

Property type

Retail properties

Property subtype

Banks

APN

232-36-5717-003

APU

232365717003

Description

This exceptional retail opportunity in Leesburg, Virginia, presents two available spaces within a freestanding building at 842 S King Street, totaling 2,780 square feet and 1,281 square feet respectively. Located in Loudoun County, this property boasts high visibility on King Street, offering excellent exposure to potential customers. The larger space, previously occupied by a bank and becoming available October 1st, 2024, is ideal for a variety of uses. The smaller space offers ample room for a retail or restaurant establishment. Both spaces are situated in a prime location within the Town of Leesburg, zoned CDD, ensuring a vibrant and thriving business environment. The property's strategic location provides easy access for customers and employees alike. This is a rare opportunity to secure retail space with exceptional visibility and accessibility in a desirable area. The flexible space allows for customization to suit a range of businesses, making it an attractive option for entrepreneurs and established companies seeking a prominent location in Leesburg. The property's multiple tenancy allows for flexibility in lease terms and space requirements. Contact us today to learn more about this exciting opportunity to establish your business in a high-traffic area of Leesburg. The address is 842 S King Street, Leesburg, VA 20175.

• CAP approach

  CAP return

  Valuation

  6%

  $1,179,429

  6.5%

  $1,088,704

  7%

  $1,010,939

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,698,474

  Geo Method

  $1,698,474

• Alternative Use

  Use

  Valuation

  Residential

  $918,362

  Hospitality

  $841,215

  Educational

  $699,881

  Medical

  $723,951

  Retail

  $1,088,704

Location Insight

City

Leesburg

County

Loudoun

State

Virginia

Latitude

39.103

Longitude

-77.572

CBSA code

47900

CBSA name

WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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