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  • MLS#: G5104665 ( Commercial Sale )
  • Street Address: 1029 Magnolia Street
  • Viewed: 32
  • Price: $599,000
  • Price sqft: $202
  • Waterfront: No
  • Year Built: 1977
  • Bldg sqft: 2968
  • Days On Market: 139
  • Additional Information
  • Geolocation: 28.8102 / -81.8816
  • County: LAKE
  • City: LEESBURG
  • Zipcode: 34748
  • Subdivision: Leesburg
  • Provided by: REALTEAM REALTY INC.
  • Contact: Trish Leisner
  • 352-394-1144
  • mfrmls
  • DMCA Notice
  • Description
    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.
Features
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Cooling
  1. Central Air
  2. Mini-Split Unit(s)
Country
  1. US
Covered Spaces
  1. 0.00
Flooring
  1. Carpet
Garage Spaces
  1. 0.00
Heating
  1. Central
Insurance Expense
  1. 0.00
Legal Description
  1. LEESBURG E 1/2 OF LOT 1 BLK 31--LESS R/W OF MAGNOLIA ST--PB 2 PG 19 ORB 3922 PG 1882
Living Area
  1. 2968.00
Lot Features
  1. Corner Lot
Area Major
  1. 34748 - Leesburg
Net Operating Income
  1. 0.00
Occupant Type
  1. Tenant
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Parcel Number
  1. 26-19-24-3900-031-00101
Parking Features
  1. Parking Spaces - 13 to 18
Property Type
  1. Commercial Sale
Road Frontage Type
  1. City Street
Roof
  1. Metal
Sewer
  1. Public Sewer
Tax Year
  1. 2025
Township
  1. 19S
Utilities
  1. Public
Views
  1. 32
Virtual Tour Url
  1. https://www.propertypanorama.com/instaview/stellar/G5104665
Water Source
  1. Public
Year Built
  1. 1977
Zoning Code
  1. C-2