MacDowell's | Investment Opportunity

For Sale

202 Harrison St SE, Leesburg, VA 20175

This Leesburg property for sale is located at 202 Harrison St SE. The current listed sale price for MacDowell's | Investment Opportunity is $5,777,000. MacDowell's | Investment Opportunity is situated on a lot that is 0.6 acre in size.

Contacts

broker

Joe Serafin

Serafin Real Estate

Property Details

  • Property Type Retail - Restaurant
  • Property Size 11,178 SF
  • Units 3
  • Lot Size 0.6 Acre
  • Additional Rent Contact for pricing
  • Year Built 1930
  • Year Renovated 2023
  • Date Updated Sep 9, 2024
Downtown Leesburg, VA, represents a vibrant fusion of historical charm and contemporary convenience, forming an epicenter of local commerce in Northern Virginia. At the heart of the historic town, it is a bustling district that embodies the spirit of community, craftsmanship, and entrepreneurship, offering a unique retail and commercial environment that entices locals and tourists alike. A multitude of businesses thrive in Downtown Leesburg, spanning sectors such as retail, hospitality, entertainment, health and wellness, and professional services. Local, independently-owned shops offer everything from antiques, books, and fashionable clothing to artisanal foods and hand-crafted gifts. The district is home to several award-winning wineries and craft breweries, along with a vibrant selection of restaurants that offer everything from farm-to-table American cuisine to global flavors, catering to a diverse range of palates. Downtown Leesburg is also a regional hub for professional services, housing numerous law firms, real estate agencies, financial advisors, and health care providers. Modern co-working spaces and offices are juxtaposed with historic buildings, creating a unique business atmosphere that combines tradition with innovation. With its rich history and picturesque streetscapes, Downtown Leesburg further enhances its appeal as a business destination. Historic architecture forms the backdrop for a thriving arts scene, with numerous galleries, theaters, and music venues contributing to a culturally vibrant atmosphere. Regular events, from farmers markets and art walks to seasonal festivals, further contribute to the district's community-oriented spirit, drawing crowds and fostering business engagement. And, its proximity to Washington D.C., Dulles Airport, and key transportation routes makes it conveniently accessible, further boosting its commercial vitality. Overall, Downtown Leesburg offers a unique and thriving business environment where history and modernity coexist, making it an attractive location for businesses and customers alike.We are pleased to present an exceptional investment opportunity for the acquisition of MacDowell's Beach Bar, a prominent income-producing property located in downtown Leesburg. This offering also includes two additional revenue-generating properties: the LoCo Escape Room and an on-site AirBnB, all contributing to a total Net Operating Income (NOI) of $439,332. This unique portfolio sale-leaseback structure provides stable and diversified income streams across multiple business types. The seller is exclusively offering financing for this deal, providing an attractive path to ownership. With a $2M down payment and seller-financed balance of $3.777M at 8% interest, this transaction offers a favorable interest-only payment structure over a 5-year minimum term. Detailed financial breakdowns are provided in the full offering memorandum. Please do not contact the Business or visit the property without prior authorization. Any questions and/or property showings must be communicated and coordinated through Serafin Real Estate.

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Highlights

  • Located at the Corner of Harrison St SE and South St SE in Downtown Leesburg
  • Well-Known Business Successfully Operating Since 2011
  • Recent renovations to the indoor area aimed at maximizing winter revenue
  • Maintained tropical theme in the indoor settings for a year-round beach vibe
  • Attractive Seller Financing Terms
  • Diverse portfolio of income-generating ventures
  • Includes a separate AirBNB property for a steady guest influx
  • Leased space currently home to a popular escape room
  • Multifaceted revenue stream through various business avenues

Getting around

  • 87/100

    Walk Score ®

  • 64/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Leesburg, VA
  • Neighborhood Downtown Leesburg
  • Zip Code 20175
  • Market Washington DC Suburban Maryland

Points of Interest

  • Ashburn

    8.37 miles

  • Loudoun Gateway

    9.95 miles

  • Liberty

    0.09 miles

  • JOCK'S EXXON

    0.32 miles

  • Jock's Exxon

    0.32 miles

  • Citgo

    0.33 miles

  • BP

    0.39 miles

  • 7-Eleven

    0.47 miles

  • Shell

    0.73 miles

  • Sunoco

    0.77 miles

  • Tesla Destination

    0.98 miles

  • Exxon

    1.24 miles

  • Loudoun County Government Center Parking Garage

    0.10 miles

  • Church Street Lot

    0.12 miles

  • Loudoun Times-Mirror Parking

    0.15 miles

  • Town Hall Garage

    0.25 miles

  • Liberty Street Lot

    0.29 miles

  • Pennington Parking Garage

    0.34 miles

  • Pennington Parking Lot

    0.35 miles

  • Church Parking

    0.50 miles

  • Event Parking

    2.37 miles

  • Leesburg Park & Ride

    2.95 miles

  • Fireworks Pizza

    0.03 miles

  • Los Tios

    0.03 miles

  • Tuscarora Mill

    0.04 miles

  • La Chocita Grill

    0.08 miles

  • Thai Pan Restaurant

    0.08 miles

  • La Villa Roma

    0.14 miles

  • Puccio's New York Deli

    0.14 miles

  • Senor Ramon Taqueria

    0.17 miles

  • Señor Ramon Taqueria

    0.18 miles

  • Windy City Red Hots

    0.19 miles

  • Safeway

    0.42 miles

  • Giant

    0.52 miles

  • Tienda Latina

    0.81 miles

  • Saks Fifth Avenue

    1.34 miles

  • Barneys New York Outlet

    1.37 miles

  • Kohl's

    1.40 miles

  • Target

    1.46 miles

  • Ross

    1.46 miles

  • Big Lots

    1.52 miles

  • Marshalls

    1.92 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Joe Serafin

Serafin Real Estate