1029 W Magnolia Street, Leesburg, FL 34748
- $599,000
- 2,968
- SqFt
- List Price
- $599,000
- Status
- Pending
- Days on Market
- 214
- MLS#
- G5104665
- Property Style
- Office
- Year Built
- 1977
- Living Area
- 2,968
- Lot Size
- 16,929
- Acres
- 0.35
- Total Acreage
- 1/4 to less than 1/2
- Legal Subdivision Name
- Leesburg
- MLS Area Major
- Leesburg
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.
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Additional Information
- Taxes Annual
- $5768
- Location
- Corner Lot
- Community Features
- No Deed Restriction
- Zoning
- C-2
- Floor
- Carpet
- Utilities
- Public
- Heating
- Central
- Air Conditioning
- Central Air, Mini-Split Unit(s)
- Exterior Construction
- Block, Stone, Stucco
- Roof
- Metal
- Foundation
- Slab
- Pool
- No Pool
- Garage Features
- Parking Spaces - 13 to 18
- Flood Zone Code
- X
- Parcel ID
- 26-19-24-3900-031-00101
- Legal Description
- LEESBURG E 1/2 OF LOT 1 BLK 31--LESS R/W OF MAGNOLIA ST--PB 2 PG 19 ORB 3922 PG 1882
Listing courtesy of REALTEAM REALTY INC.. 352-394-1144
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