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209 Old Waterford Rd NW

3,200 SF 100% Leased Office Building Leesburg, VA 20176 $1,984,458 CAD ($620 CAD/SF)

Investment Highlights

  • FULLY LEASED
  • PRIME LOCATION
  • HISTORIC BUILDING IN EXCELLENT CONDITION

Executive Summary

** NEW PRICE!** LOCATED JUST 40 MILES FROM OUR NATION'S CAPITAL... FULLY-LEASED historic stand-alone commercial office building located adjacent to Historic downtown Leesburg and in close proximity to INOVA Cornwall Campus hospital. Rebuilt from its' historic foundation in 1980 while maintaining unique architectural details, the building sits on 10,454 sq ft and has its own private parking lot in the rear, with 16 paved parking spaces. The current interior of the building was built as two units, the downstairs with 1,800 sq ft, and the upstairs with 1,400 sq ft, for a total of 3,200 sq ft of usable space.
The main level was rebuilt as a legal suite with a large main office featuring hardwoods and a fireplace with mantle, and now houses five separate offices and a large conference room, with vaulted ceilings in the primary office and conference room. Also featuring an eat-in kitchen and two half-baths, this level is in a long term lease with The Commonwealth of Virginia.
The upper level can be accessed via separate entrance or stairway connecting to the lower level, providing additional leasing flexibility. The upper space was developed as a medical suite, complete with a waiting room/sitting room, administrative office space, nursing work area, examining rooms, one half-bath and one full-bath with shower. Currently leased by a health practice, the upper level is subject to renewal at end of Feb. 2025 or could become available space for your needs, as well.
Recent interior improvements and updates include new HVAC, new carpet and paint on the entire main floor, updated half-baths on the first floor, and more.
Recent exterior improvements and updates include new professional landscaping, new paint on exterior Hardy Plank in the last 5 years, and new roof shingles in the last 10 years.
The building provides a very convenient location as well as a comfortable and personal setting for a myriad of services.
NOTE: This property was originally zoned residential; check with the locality for potential rezoning opportunities.

Attachments

FULL LISTING

Data Room Click Here to Access

Financial Summary (Pro forma - 2025) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2025) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
3,200 SF
Building Class
B
Year Built
1890
Price
$1,984,458 CAD
Price Per SF
$620 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,600 SF
Slab To Slab
10’
Building FAR
0.31
Lot Size
0.24 AC
Zoning
LB DT BUS - MC ZONING - Diagnostic labs, offices, pharmacy, child care, emergency care facility, school, nursing home, and more.
Parking
16 Spaces (5 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Kitchen
  • Reception
  • Central Heating
  • Partitioned Offices
  • Shower Facilities
  • Yard
  • Air Conditioning
  • Smoke Detector
Walk Score ®
Very Walkable (74)
Bike Score ®
Very Bikeable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
230-17-7709
Land Assessment
$367,340 CAD (2024)
Improvements Assessment
$1,384,426 CAD (2024)
Total Assessment
$1,751,766 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
  • Listing ID: 32398261

  • Date on Market: 2024-07-09

  • Last Updated:

  • Address: 209 Old Waterford Rd NW, Leesburg, VA 20176

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