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602 S King St - Waverly Park 3,570 SF Office Condo Unit in Leesburg, VA 20175
Investment Highlights
- • Spacious & Functional Design — 9' ceilings throughout, one elevator for convenient access, and adaptable layouts ideal for professionals.
- • Prime Location Advantages — Excellent visibility and accessibility with direct frontage on busy Route 15 (South King Street).
- • Flexible Auction Format — The Trustee reserves the right to offer the seven units individually or as a complete portfolio.
- • Ample Parking — 80 surface parking spaces, ensuring convenience in this high-traffic downtown location.
- • Blocks from Loudoun County courthouses, historic downtown shops/restaurants, and major corridors.
- • Strong Investment Appeal — Capitalize on Leesburg's commercial market by enabling new owner(s) to set competitive rents and re-tenant vacant units.
Executive Summary
Discover a rare foreclosure opportunity to acquire prime commercial office space in the heart of vibrant downtown Leesburg—along high-traffic Route 15 (South King Street) in one of Northern Virginia's most desirable and affluent markets. Loudoun County continues to rank among the fastest growing and wealthiest counties in the U.S., with strong demand for flexible professional spaces near historic charm, government offices, amenities, and business corridors. Waverly Park is a free-standing, four-level Class B office building built in 1988 and governed by the Declaration for Waverly Park Office Condominium. We are offering at foreclosure auction seven (7) individual commercial office condominiums. Unit 202 (may be part of 201) and Unit 300 (consists of two tenants) appear to be tenant occupied. The remaining five (5) units offered at auction are believed to be vacant and free of leases, providing immediate control for investors, owner-users, or re-tenanting strategies. Crescent Design District allows reconfiguration for office, retail, medical, or other permitted uses. This information is believed accurate but not has not been verified.
Property Facts
| Total Building Size | 25,070 SF | Typical Floor Size | 6,268 SF |
| Property Type | Office (Condo) | Year Built | 1987 |
| Property Subtype | Medical | Lot Size | 1.06 AC |
| Building Class | B | Parking Ratio | 3.19/1,000 SF |
| Floors | 4 | ||
| Zoning | B-2 - Crescent Design District and B-2 (see attached zoning Permitted uses) | ||
| Total Building Size | 25,070 SF |
| Property Type | Office (Condo) |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 4 |
| Typical Floor Size | 6,268 SF |
| Year Built | 1987 |
| Lot Size | 1.06 AC |
| Parking Ratio | 3.19/1,000 SF |
| Zoning | B-2 - Crescent Design District and B-2 (see attached zoning Permitted uses) |
Amenities
- 24 Hour Access
- Reception
- Air Conditioning
- Balcony
1 Unit Available
Unit 100
| Unit Size | 3,570 SF | Sale Type | Investment or Owner User |
| Condo Use | Office | APN/Parcel ID | 232-47-4141-001 |
| Unit Size | 3,570 SF |
| Condo Use | Office |
| Sale Type | Investment or Owner User |
| APN/Parcel ID | 232-47-4141-001 |
Description
Discover a rare foreclosure opportunity to acquire prime commercial office space in the heart of vibrant downtown Leesburg—along high-traffic Route 15 (South King Street) in one of Northern Virginia's most desirable and affluent markets. Loudoun County continues to rank among the fastest growing and wealthiest counties in the U.S., with strong demand for flexible professional spaces near historic charm, government offices, amenities, and business corridors.
Waverly Park is a free-standing, four-level Class B office building built in 1988 and governed by the Declaration for Waverly Park Office Condominium. We are offering at foreclosure auction seven (7) individual commercial office condominiums. Unit 202 (may be part of 201) and Unit 300 (consists of two tenants) appear to be tenant occupied. The remaining five (5) units offered at auction are believed to be vacant and free of leases, providing immediate control for investors, owner-users, or re-tenanting strategies. Crescent Design District allows reconfiguration for office, retail, medical, or other permitted uses. This information is believed accurate but not has not been verified.
Sale Notes
We are offering at foreclosure auction seven (7) commercial office condominiums. Unit sizes are based on the survey recorded with the Declaration for Waverly Park Office Condominium.
1% Cooperating Broker commission offered. Contact RealMarkets for details.
Terms of Sale
This is a foreclosure auction—property sold "as-is, where-is" with no warranties expressed or implied. Prospective bidders must conduct their own due diligence, including inspections, review of condominium documents, title search, and full auction terms/conditions.
The auction is scheduled for Monday, March 30, 2026, at 11:00 AM, at the front steps of the Loudoun County Circuit Courthouse, located at 18 East Market Street, Leesburg, Virginia 20176.
To learn more about this auction, please visit RealMarkets.com. The Trustee reserves the right to offer the units as a portfolio as well as individually. Please refer to the Substitute Trustee’s Notice of Sale for complete terms and conditions of the auction, including the deposit requirement.
For additional information regarding this offering, please contact: Stephanie Young, Senior Sales Associates, RealMarkets, a CENTURY 21 Commercial New Millennium team, 571-223-9775 or stephanie@realmarkets.com or Stephen Karbelk, Team Leader, RealMarkets, a CENTURY 21 Commercial New Millennium team, 571-481-1037 or stephen@realmarkets.com. Stephen Karbelk, Auctioneer, VA Lic #2907002576.
Contacts
-
Stephanie Young -
Robert Walters -
Stephen Karbelk -
Century 21 Commercial New Millennium
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602 S King St - Waverly Park
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