1 Market StLeesburg, VA 20175

  • Office properties
  • 22,048 SF
For Lease
$30/SF/YR View listing

Property Details for 1 Market St

Year built
1850
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.09 AC
Property size (Sq ft)
22,048 SF
Zone code
LB:B1
Property type
Office properties
Property subtype
Other office properties
APN
231-38-3784-000
APU
231383784000

Description

This exceptional executive office space at 1 East Market St., Leesburg, VA, offers a unique opportunity in a landmark building. Built in 1940, this property boasts a total of 16,743 square feet, with 4,443 square feet currently vacant and available for lease. The building is ideally suited for multiple tenants, offering flexible spaces ranging from a minimum of 400 square feet to a maximum contiguous space of 3,000 square feet. The existing configuration is primarily office space, spread across three floors (first, second, and third). A sizable basement area of approximately 1,761 square feet provides ample storage. Located in the heart of Leesburg, Loudoun County (zip code 20175), this property benefits from its prime location and historical significance. The building's classic architecture complements its modern functionality, making it an attractive option for businesses seeking a prestigious address in a vibrant community. This is a rare opportunity to secure office space in a well-established building with a proven track record. The property is situated at 1 East Market St., Leesburg, Virginia. Contact us today to learn more about leasing options and explore the possibilities this landmark location offers.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $5,247,650
    6.5%
    $4,843,984
    7%
    $4,497,986
  • Comparable approach

    Method
    Valuation
    Relative Method
    $4,408,277
    Geo Method
    $4,408,277
  • Alternative Use

    Use
    Valuation
    Residential
    $6,006,541
    Hospitality
    $5,501,959
    Educational
    $4,577,566
    Medical
    $4,734,995
    Retail
    $7,120,658
1 Market St, Leesburg, Virginia

Location Insight

City
Leesburg
County
Loudoun
State
Virginia
Latitude
39.1152
Longitude
-77.5644
CBSA code
47900
CBSA name
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$35,952
$235,200
$3,921,080
$4,156,280
-
$235,200
$3,921,080
$4,156,280

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].