Premier Redevelopment Opportunity | 208-212 Church St SE, Leesburg, VA 20175 Mixed-Use Development | 22-Unit Multifamily & Retail | Historic Downtown Leesburg Serafin Real Estate is pleased to present an exceptional redevelopment opportunity in the heart of Downtown Leesburg. This 0.55-acre site, currently improved with three buildings totaling 14,000 SF, is fully entitled for a four-story, 22-unit mixed-use development with ground-floor retail. Located in Leesburg’s sought-after historic district, this project offers developers a rare chance to capitalize on strong market demand for luxury multifamily housing in a high-growth submarket. Investment Highlights ? Prime Downtown Leesburg Location – A highly walkable setting steps from restaurants, retail, parks, and cultural attractions, ensuring strong rental and resale demand. ? Entitled Development Site – The project has an active Minor Special Exception (TLSE-2021-0003) under review and will require Board of Architectural Review (BAR) approval. ? High-Demand Product – Plans feature 22 upscale residential units catering to professionals and downsizing buyers looking for maintenance-free, amenity-rich living. ? Ground-Floor Commercial Component – Enhancing long-term value, the project includes prime retail space ideal for boutique shops or neighborhood services. ? Strong Market Fundamentals – Leesburg’s low housing inventory, rising property values, and affluent demographics create an ideal investment environment. ? Comparable Sales & Market Premiums – Nearby new construction condominiums have achieved an average of $550+/SF, with brand-new product commanding a 10% premium. Development Overview Zoning: B-1 (Downtown Business District) Lot Size: 0.55 Acres Proposed Building: 4 Stories | 22 Residential Units | Ground-Floor Retail Unit Mix: 1-, 2-, and 3-Bedroom Residences Parking: Structured Parking with Dedicated Resident & Retail Spaces Sustainable & Modern Design: Energy-efficient systems and smart home integrations Why Invest in This Development? Leesburg’s population growth and increasing median household income create long-term demand for high-end multifamily housing. Luxury mixed-use developments in historic districts have proven to yield higher price-per-square-foot sales and faster absorption rates. Minimal competing inventory ensures a competitive advantage for early investors and developers who bring the project to market.