1 Market StLeesburg, VA 20175

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

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.

• 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

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

FAQs

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