101 & 109 N 21st St, Purcellville, VA 20132
Local realty services provided by:ERA Byrne Realty
101 & 109 N 21st St,Purcellville, VA 20132
$2,295,000
- - Beds
- - Baths
- 4,872 sq. ft.
- Single family
- Active
Listed by:william edmond schoeb iii
Office:samson properties
MLS#:VALO2105110
Source:BRIGHTMLS
Price summary
- Price:$2,295,000
- Price per sq. ft.:$471.06
About this home
Flagship Corner Property with Tax Credit Incentives & Approved Mixed-Use Redevelopment Plans-Downtown Purcellville
An exceptional investment opportunity awaits in the heart of historic downtown Purcellville. Known locally as The White Palace, this iconic corner property is primed for transformation. With the interior already fully gutted, a Certificate of Design Approval secured, and eligibility for up to 45% in combined state and federal historic tax credits, this project offers a rare combination of vision, value, and velocity.
Whether you're a boutique hotel developer, a restaurateur looking for dual concepts, or an investor seeking long-term value in one of Loudoun County's most affluent communities, The Palace is your platform for a standout commercial asset.
Property Highlights:
Flexible mixed-use zoning ideal for a boutique hotel, dual restaurant concepts, event space, or creative commercial uses
Approved architectural plans include 4 hotel rooms on the second floor and 3 on the third, with two commercial storefronts at street level
Basement build-out potential to expand usable square footage and income streams
Directly across from a public parking lot, offering easy access for guests, patrons, and tenants
High-visibility corner lot in a walkable district poised for continued revitalization
Located on 21st Street, which is under consideration for a pedestrian-friendly streetscape as part of the town's economic development strategy
Designated as part of Virginia's Main Street Program, enhancing eligibility for additional incentives and support
Strategic Growth Location
Situated in Loudoun County-one of the wealthiest regions in the U.S. with a median household income exceeding $150,000-Purcellville is home to nearly 10,000 residents and continues to attract high-income professionals and families seeking charm and convenience.
The upcoming Rt. 690/Rt. 7 interchange will dramatically enhance east-west and north-south connectivity, channeling increased traffic into Purcellville's commercial core-directly benefiting The Palace's position and exposure.
Why Invest in The Palace
Potential for up to 45% in historic tax credits to offset renovation costs
Ready-to-execute development with plans and approvals in place
Strong future income potential through hotel stays, restaurant tenants, and commercial leases
Premium corner lot with public parking and high foot traffic
Located in a revitalizing district with long-term growth upside
Access to a high-income, pro-business market in Loudoun County
With site work initiated and major entitlement hurdles cleared, this is your opportunity to establish a legacy property in one of Northern Virginia's most desirable small towns.
Contact an agent
Home facts
- Year built:1908
- Listing ID #:VALO2105110
- Added:43 day(s) ago
- Updated:October 03, 2025 at 01:40 PM
Rooms and interior
- Living area:4,872 sq. ft.
Structure and exterior
- Roof:Metal
- Year built:1908
- Building area:4,872 sq. ft.
- Lot area:0.06 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$2,295,000
- Price per sq. ft.:$471.06
- Tax amount:$5,295 (2025)
New listings near 101 & 109 N 21st St
- New
$775,000Active4 beds 3 baths2,926 sq. ft.619 Greysands Ln, PURCELLVILLE, VA 20132
MLS# VALO2106716Listed by: CENTURY 21 NEW MILLENNIUM - Coming Soon
$659,900Coming Soon3 beds 5 baths133 Misty Pond Ter, PURCELLVILLE, VA 20132
MLS# VALO2108010Listed by: SAMSON PROPERTIES - Open Sun, 12 to 3pmNew
$1,299,000Active4 beds 4 baths4,080 sq. ft.37586 Hughesville Rd, PURCELLVILLE, VA 20132
MLS# VALO2108134Listed by: HUNT COUNTRY SOTHEBY'S INTERNATIONAL REALTY - Coming Soon
$1,495,000Coming Soon4 beds 4 baths36972 Bridle Ridge Ln, PURCELLVILLE, VA 20132
MLS# VALO2108144Listed by: WASHINGTON FINE PROPERTIES, LLC - New
$1,039,998Active4 beds 4 baths4,348 sq. ft.221 S 32nd St, PURCELLVILLE, VA 20132
MLS# VALO2108036Listed by: RE/MAX ROOTS - Coming Soon
$475,000Coming Soon2 beds 3 baths102 Frazer Dr, PURCELLVILLE, VA 20132
MLS# VALO2108028Listed by: CROSSROADS REALTORS - Open Sat, 1 to 3pmNew
$550,000Active2 beds 4 baths2,253 sq. ft.219 Miles Hawk Ter, PURCELLVILLE, VA 20132
MLS# VALO2107822Listed by: REDFIN CORPORATION - New
$735,000Active4 beds 3 baths3,184 sq. ft.420 W H St W, PURCELLVILLE, VA 20132
MLS# VALO2107820Listed by: RE/MAX DISTINCTIVE REAL ESTATE, INC. - New
$1,200,000Active3 beds 3 baths2,476 sq. ft.18957 Airmont Rd, PURCELLVILLE, VA 20132
MLS# VALO2107398Listed by: SAMSON PROPERTIES - New
$700,000Active4.72 AcresShoemaker School Rd, PURCELLVILLE, VA 20132
MLS# VALO2107566Listed by: PEARSON SMITH REALTY, LLC
Protect your home and budget with an American Home Shield© home warranty. Learn more© 2023 - 2025 ERA Franchise Systems LLC. All rights reserved. ERA Franchise Systems LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. ERA, ERA Real Estate powered, and their respective logos are registered service marks of ERA Franchise Systems LLC. Each office is independently owned and operated.