1 Market StLeesburg, VA 20175
- Office properties
- 22,048 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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- Please email our support team at [email protected] and they will add the team member.
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- 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.
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