SQUARE FEET2,968
MLS#G5104665
STATUSPending
PROPERTY TYPECommercial - Office
SUBDIVISIONLEESBURG
Property Description
Under contract-accepting backup offers. Excellent Professional Office Building in Downtown Leesburg. 1/3 an acre, perfect location on a corner lot with 2 sides for parking. Current tenant in place, lease expires in a few months - building will be ready for an owner-occupant. (July 2026) This building has multiple (4) very large offices (one used to be a conference room), a Storage room in front of a very large safe, 3 restrooms, one of which has a shower. Kitchen/breakroom, nice reception office, and customer waiting room, plenty of storage, and closets. Currently has a tenant in place until the end of 2026. Great cash flow, CAP Rate 7.5. Modified Gross Lease. 17 parking spaces, and in 2011, the lot was repaved. Re-roof and Building Painted in 2020, Central AC Unit 2024 (7.5 Ton Rheem Split System), and a Mini Split located in the Computer Server Room. This is a very nice building that is very well taken care of. Great investment for an Owner-User or a nice investment. Located just down the street from all of the downtown activity. Local College, restaurants, and shops are within a few blocks away.
Property Features
Property Type: Commercial - Office
Cooling: Central Air, Mini-Split Unit(s)
Heating: Central
Lot Size: 0.35 Acres
Roof Type: Metal
Stories: 1.0
Taxes: $5,768
Year Built: 1977
Feature Descriptions
Building: Bathrooms, Kitchen Facility, On Site Shower, Reception
Days on Site: 218
Directions: Downtown Leesburg to Magnolia Street. Building is on the south side on the corner of Euclid and Magnolia.
Exterior: Block, Stone, Stucco
Flood Zone Code: X
Flooring: Carpet
Foundation: Slab
Home Warranty Y/N: No
Listing Terms: Cash, Conventional
Lot: Corner Lot
Lot Dimensions: 0.35
Number of Restrooms: 3
Ownership: Other
Parking: Parking Spaces - 13 to 18
Parking Notes: Parking Spaces - 13 to 18
Property Attached Y/N: No
Property Sub-Type: Office
Sewer: Public Sewer
Showing Instructions: Appointment Only
Special Sale Provisions: None
Utilities: Public
Water: Public
Water Access Y/N: No
Zoning: C-2
Listed By / Shown By
Listed By
Agency Name: REALTEAM REALTY INC.
Agency Contact: 352-394-1144
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0040
1029 W Magnolia Street | MLS# G5104665
This commercial property located at 1029 W Magnolia Street, Leesburg, FL 34748 is currently listed for sale with an asking price of $599,000. Search Leesburg real estate on www.realtymark.net today.