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.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
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
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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