1029 W MAGNOLIA ST new Save Request In-Person Tour Request Virtual Tour
Leesburg,FL 34748
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 2,968 sqft
Price per Sqft $201
Subdivision Leesburg
MLS Listing ID G5104665
HOA Y/N No
Year Built 1977
Annual Tax Amount $5,768
Lot Size 0.350 Acres
Acres 0.35
Lot Dimensions 152x106
Property Sub-Type Office
Source Stellar MLS
Property Description
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, a Storage room in front of a very large safe, an oversized conference room, 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.
Location
State FL
County Lake
Community Leesburg
Area 34748 - Leesburg
Zoning C-2
Interior
Heating Central
Cooling Central Air,Mini-Split Unit(s)
Flooring Carpet
Exterior
Parking Features Parking Spaces - 13 to 18
Utilities Available Public
Roof Type Metal
Building
Lot Description Corner Lot
Story 1
Foundation Slab
Lot Size Range 1/4 to less than 1/2
Sewer Public Sewer
Water Public
Structure Type Block,Stone,Stucco
New Construction false
Others
Ownership Other
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/G5104665