431 S King St, Leesburg, VA 20175

Rare opportunity to purchase home on 1.10 acre lot in Historic downtown Leesburg. Offered for sale at $499,900, the property is currently zoned R6, which allows up to six single family or duplex structures per acre. The property abuts the Safeway property at 437 King St. which is located in the Crescent Design District or CDD. The town of Leesburg is currently undergoing significant changes as their vision for the redevelopment of the Crescent District has made big strides after years of fits and starts. The largest of these ventures is a $100 million dollar project called Crescent Place by Lansdowne Development Group, which is currently under construction and selling well. It's a mixed use development that features both residential and commercial uses. The brisk sales pace in this community shows that there is demand for quality homes within walking distance to town amenities. Crescent Place is located three blocks from our location. Because the demand for Crescent Place is so strong one of the builders has formed another group, KMI King St. LLC, to develop an additional property close by. This project is in the two hundred block of S King St. just past the WO&D Trail only two blocks away. It extends along the Town Branch waterway back to Church St. and will feature a mix of residential condominium and commercial spaces. As the Virginia Village and Safeway properties are redeveloped within the CDD guidelines this acre of property could either be a part of this redeveloped community or benefit from the neighboring location. The house itself offers an opportunity for someone to live in a renovated historic home updated with modern features and the character of a house built circa 1870. There are four bedrooms (one on the main level with a full bath) and the other three on the upper level, with the upstairs bath offering radiant heating under the tile floor. The house features an efficient galley kitchen with stainless steel appliances, recycled glass countertops, and a five burner gas stove. The rooms are generous sized for an older home (king sized bed fits in the master bedroom) and the spacious front porch offers a balcony seat to all the town parades. The home has a walk score of 85 and are a short distance to all the Historic Leesburg highlights, WO&D Trail, Ida Lee Park, and just steps away from every day necessities. The house would also make a great rental property while development plans are being formulated and approved. The other buildings currently located on the one acre lot include an original kitchen house (now used as a play house), a two story barn that's used as a garage and work shop, and a chicken coop that's used as a garden shed. Please contact me for more information or a private showing.