1029 W Magnolia Street, Leesburg, FL 34748 (MLS # G5104665)

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Excellent Professional Office Building in Downtown Leesburg. 1/3 an acre, perfect location on a corner lot with 2 sides for parking. 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.

DAYS ON MARKET 52 LAST UPDATED 11/18/2025
TRACT LEESBURG YEAR BUILT 1977
COMMUNITY 34748 - Leesburg COUNTY Lake
STATUS Active PROPERTY TYPE(S) Commercial


ADDITIONAL DETAILS
AIR Central Air
AIR CONDITIONING Yes
AREA 34748 - Leesburg
CONSTRUCTION Block, Stone, Stucco
HEAT Central
LOT 0.35 acre(s)
LOT DESCRIPTION Corner Lot
LOT DIMENSIONS 152x106
SEWER Public Sewer
STORIES 1
SUBDIVISION LEESBURG
TAXES 5768.93
WATER Public
MORTGAGE CALCULATOR
   

TOTAL MONTHLY PAYMENT

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Listing provided by Trish Leisner, REALTEAM REALTY INC., 352-394-1144
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